24 PIPS FROM AUD CAD BREAKOUT KEEPS LIVE ACCOUNT MOVING IN THE RIGHT DIRECTION

This latest trade result was captured today as we took advantage of the Bullish movement of the AUD CAD pair taking place over the last few days. This represents the 3rd consecutive trading gain on my Live Account and a gain of approxinately 8.0%  and 173 Pips since the start of the new Strategy in February last month.

LIVE ACCOUNT TRADE RESULTS FROM MYFXBOOK

FXPRO LIVE ACCOUNT AUD CAD 4 HOUR CHART

FXPRO LIVE ACCOUNT GBP JPY 100 PIPS 4 HOUR CHART

FXPRO LIVE ACCOUNT AUD NZD 49 PIPS 4 HOUR CHART

This is reflected in the uptrend in performance on my Account...

LIVE ACCOUNT PERFORMANCE OVER THE LAST 3 MONTHS

If you also included the 2 test trades that were done on my Demo Account in the last few weeks to confirm 2 new techniques...

...overall, these trades mean that the Strategy is definitely moving in the right direction for myself and Subscribers.


The new Strategy of targeting 50 to 70 Pips (in most cases) builds on the previous conservative strategy that targeted 100 to 200 Pips Per Trade. 

Both Strategies involve(d) forecasting and then trading in the direction of the Weekly Direction of each Currency Pair.

While that strategy provided good conservative returns of 40% on average each year....

Rates of Returns for 2015 and 2016, respectively. 2017 had a small loss as it was dedicated to creating the new strategy that has now started in February - which was successfully tested in the Dukascopy Trader Contest (See Video below).




28% RATE OF RETURN IN  DUKASCOPY BANK TRADING CONTEST

...the new strategy is more aggressive in capturing smaller targets with greater frequency each month, which is expected to give us even larger returns in a much shorter time..

Within the next few weeks, the first 6 Month Target of 14% is expected to be realized. Each of these return targets may actually be hit a few weeks after the month in which they were intended to be achieved has ended. However, achieving them within 7 to 8 months will still represent a major cushion for even larger gains over the Long-Run, from this the most challenging Financial Market to trade - The Forex.



THE AUD CAD TRADE SETUP

This was a trade within the formation of a Large Consolidation Setup on the Daily Chart, similar to the setup of the USD CAD trade. FXCM Charts are used to provide market direction and entry signals using Japanese Candlestick Signals and the New York Close of the Daily Chart, while  my Live Trades are done with FXPro (better user-interface when executing trades).

DAILY CHART WAS PROJECTED TO FORM A PENNANT SETUP

The Resistance Boundary was already formed and the recent rally had formed the 2nd Support Point to complete the Support Boundary. The rally to Resistance would complete the Consolidation.

Taken from the section of the Trading Manual focusing on how to accurately draw Consolidation Boundaries.

DAILY CHART GAVE A BULLISH SIGNAL INDICATING CONTINUATION OF THE RALLY 

THIS EXPECTED RALLY WAS ALSO SUPPORTED BY A BULL CROWN SETUP 

4 HOUR CHART PROVIDED AN UPTREND LINE AND SUPPORT POINT TO PROTECT THE TRADE

ENTRY SETUP FOR THE TRADE

Since this was a Larger Consolidation than the one Subscribers and I have been trading, the target was set for 100 Pips (after including the Pip Spread). 

However, at the end of the 2 day Holding Period set for this larger target, we were only up by 24 Pips. The decision was made to close the trade because of the greater uncertainy associated with the market beyond this time period and the possibility of a temporary reversal lasting several days...

4 HOUR CHART TRADING RESULT

FXPRO LIVE ACCOUNT TRADE RESULT

DAILY CHART COULD BE MOVING IN WAVES WITH THE 3RD BEING FORMED WITH A TEMPORARY PULLBACK

4 HOUR CHART COULD REVERSE INSIDE THE RANGE

So instead of a strong gain of 100 Pips, a smaller but positve result was decided to be the better choice given those aforementioned factors. As can be seen  in the 4 Hour Chart below, this was the right decision...

 4 HOUR CHART REVERSAL NOW TAKING PLACE

CONCLUSIONS OF THIS TRADE SETUP

1. Trading within Large Consolidations that have been formed or being formed can be risky. The longer the movements and the longer our trades are open, the more exposed we are to unexpected reversals. This is why the focus of the current aggressive strategy has been on the Small Consolidations that offer quicker moves. 

However, to still be able to profit from these moves while avoiding the possibility of a reversal, our trading targets will remain within the same 50 to 70 Pips range as per our Strategy....

2. Since our targets will be the same but these Larger Setups move slower, the Holding Period will be set to 2 Days for these trades.


3. Always obey the Holding Period even if it means a smaller trading gain - always better than a trading loss.

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Happy Trading

Your Mentor

Duane

DRFXTRADING

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1. CLEAR AND DEFINED LEARNING OUTCOMES 

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2. CLEAR AND DEFINED RATE OF RETURN TARGETS

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Reflects the performance of the strategy since it began in February 2018.

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3. CLEAR AND DEFINED SWING TRADING STRATEGY

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The Previous Conservative Strategy targeted 100 to 200 Pips of these movements per trade each month. This provided average annual returns of 40% in 2015 and 2016. 

Despite these great results, a more aggressive strategy is now being used beginning February 1st, 2018.

(Some Trades - where justified - will use larger Stop Losses)

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4. TRADING ACCURACY BEYOND THE COMPETITION

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 NZD CHF CONSOLIDATION BREAKOUT IN JANUARY 2015 

ACCURATE EXIT AHEAD OF THE SWISS NATIONAL BANK "SHOCKER" - JUST A FEW DAYS LATER

(See full description of this trade here New Year off to a Flying Start - 231 Pips & 194 Pips on NZD CHF Trade & more Financial Crisis trade results here 200 Pip Targets Still Hit During Financial Crisis )

 Candlestick Patterns accurately identify the best Trading Targets ahead of both Normal and Abnormal Market Reversals. 

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5. STRESS-FREE, INDICATOR-FREE SWING TRADING

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Instead of using Complicated Statistical Indicators or volatile Economic Data, the more reliable Japanese Candlestick Signals of the Daily and 4 Hour Charts are used to predict and trade the Weekly Direction of Currency Pairs.

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6. MASTERING THE WEEKLY RANGES OF CURRENCY PAIRS

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The First Step in Swing Trading the Forex with me is to accurately predict the Weekly Range Direction of the major Currency Pairs. 

All Currency Pairs have Weekly Ranges which is their average Exchange Rate Price Movements expressed in Pips over 5 to 7 Days. Trading is then done in this direction to capture our Pip Targets according to our Swing Trading Strategy.

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7.  LEARNING ABOUT TRENDS & THE PATTERNS THAT LEAD TO TREND CHANGES 

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Mastery of Downtrends, Uptrends and Trend Changes will be achieved with a detailed understanding of the Structure of these Market Patterns.

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8. IDENTIFYING CONSOLIDATION BOUNDARIES

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There are many schools of thought on how to draw Consolidation Support and Resistance Lines. However, the "Line of Best Fit" method is the only way to do this accurately. 

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9. LEARNING HOW TO PREDICT & TRADE FALSE CONSOLIDATION BREAKOUTS 

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Instead of losing due to unexpected Consolidation Market Reversals, we can master and profit from them once we understand their Structure and the Candlestick Signals that start them.

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10.  YOU WILL LEARN HOW TO PREDICT THE FORMATION OF CONSOLIDATIONS

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 Once we are able to spot the Bullish and Bearish Waves that form Consolidations, we can trade these waves for large Pip gains instead of waiting until they are completed.

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11. TRADING WITH TECHNIQUES THAT HAVE WON CONTEST PRIZES 

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WHO WILL BENEFIT THE MOST FROM THIS MENTORING SERVICE?

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Day Traders Looking to Switch to the Stability of the Higher Time Frames

Swing Traders looking for a New Trading Strategy

Japanese Candlestick Traders who want to further master these Powerful Trading Tools

Traders who no longer want to be Handcuffed to their Computers Every Day 

Traders patiently focused on their Long-Term Success from this Market

New Traders who want both the Foundation and Advanced Level Knowledge to Understand this Challenging Market 

New and Experienced Traders who want to Demo Trade to practice hitting Large Trading Targets before going/returning to Live Trading

Traders who accurately predict Market Direction but cannot decide on the right Pip Targets 

Traders who are annoyed at being Stopped Out too early only to see the market continue to their Initial Targets!

Traders who want to avoid the temptation of interfering with their Profitable Trades – that would have closed on their own at a Larger Profit had they not interfered! Yes I’m talking about you!

Traders who want Real Trading Knowledge beyond the Recycled Information readily available to all

Traders who know that there must be a Method to this “ Madness”  

Traders who are tired of Learning and Learning and more Learning and want to finally Dominate the Art of Foreign Currency Trading

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GET STARTED ON YOUR JOURNEY TOWARDS TRADING SUCCESS TODAY

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Sounds Good?

Choose Your Service Below.

Contact me to answer all your questions and to receive your Subscription Invoice. 

 All Payment Types Processed by PayPal.

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Your Mentor

Duane Shepherd

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

shepherdduane@gmail.com /(876)-3825648

Twitter: @WorldWide876

Facebook: DRFXTRADING
Website : Coming Soon - April 10th, 2018

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RISK DISCLOSURE

All the information provided in this blog and as part of my Services, including the Trading Manual, Video Lessons, Daily Trade Support and Skype Mentoring represent my opinions on the relationship between Japanese Candlestick Patterns on the Daily & 4 Hour Charts and Exchange Rate Movements.

Although I use this information to execute trades in the Forex Market using my personal funds via a Live Forex Account, the Trading Signals I provide represent what I am about to do on a Demo Account that I also have at FXCM where no money is used and therefore where no investment can take place.

I do not provide Investment Advice and therefore my Trading Signals and my opinions about the Forex are intented to be executed on Demo Accounts.

Essentially, I am a Live Account Forex Trader who teaches you how to trade on a Demo Account. You can then use your performance on your Demo Account to enter Demo Account Trading Contests to win prize money, apply for Trading Jobs or use it when consulting with a Licensed Investment Advisor to decide if trading on a Live Forex Account is appropriate for you.


TRADING IS NOT FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND THE POTENTIAL TO LOSE ALL OF YOUR TRADING CAPITAL 

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to use my material on a Live Account, you should speak to a Licensed Investment Advisor, carefully consider your investment objectives, level of experience and risk appetite. You can lose all of your invested capital.

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.


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