55 PIPS TRADE FROM USD CAD RALLY POINTS TO FASTER LIVE ACCOUNT RETURNS IN THE WEEKS AHEAD
This trade was done on my FXCM Demo Account to practice trading another setup that is not currently part of the Swing Strategy for my Live Account and the one being used by Subscribers to my Mentoring Service. However, the easy and quick result indicates that this fairly risky setup can be included to provide faster returns for us over the Short and Long Term Horizons. This was a trade within the formation of a Large Consolidation Setup on the Daily Chart of the USD CAD. It differs from the Current Strategy that focuses on smaller Consolidations that hit their targets within the established 24 Hour Holding Period with greater certainty. As such, the trade was done to see if 3 important criteria could be satisifed that would allow it to be included in our trading over the Long-Run. 1. Can it offer 50 to 70 Pips? 2. Can it hit the target within 24 Hours of Entry? 3. Does it offer Reliable Stop Loss Areas to Protect the Trade? As you will see below, these criteria were indee...