ACCURACY OF EXIT STRATEGIES HIGHLIGHTED BY USD CAD REVERSAL NOW TAKING PLACE

As highlighted in the previous post, since the start of the new Swing Trading Strategy in February of this year, the Live Account has now realized a Return of 10% - in just 6 weeks. This has come from just 4 trades, with the latest result coming from the Long Position on the USD CAD that provided 43 Pips in just 24 hours.

USD CAD 4 HOUR CHART

RATE OF RETURN AS AT MARCH 17, 2018

This means that only a couple of trades are now needed in the next few days to hit the target of 14%,  before moving on to the other major targets in the weeks and months ahead.

RATE OF RETURN TARGETS

The main reason behind this success has been due to the accuracy of identifying exactly where to exit our trades in order to maximize trading gains ahead of reversals that can quickly erase our profits. 

USD CAD 4 HOUR CHART TRADE EXIT AHEAD OF REVERSAL

ACCURATE EXIT STRATEGIES

Exiting our trades ahead of these types of reversals is actually one of the most difficult things to do as a Short-Term Retail Trader and a major stumbling block to consistent profitability. Many traders can easily enter the market at the right time and protect their trades with strong stop losses. However, knowing exactly when to exit trades for maximum profit before the market takes away our gains has always been the biggest challenge.

In searching for a solution to this problem, what I discovered was that the best way to profit from the shorter moves of the market ahead of these reversals was to...


1.  Keep trading targets within the 50 to 70 Pip Range.


2.  Keep trades open for a maximum of 24 Hours - with no exception.

I noticed that once the Daily and 4 Hour Charts provided specific combinations of signals indicating the start of a 50 to 70 Pip move, the market only needed 24 Hours to reach these targets before it started to move sideways or pullback. Trying to capture more than this range outside of this time limit usually increased our chances of being caught out by OverBought/Sold conditions.

For Long Term Traders who are focused on the larger movements of the market, this would not be much of a problem. You  would simply have to use larger stop losses that would allow you to ride out the temporary pullbacks until the trend eventually resumes. However, for most Retail Teaders who use smaller stop losses and who are focused on quick gains within a week, these temporary reversals can be too long.

The solution to this is to limit our targets to the average range of Pips offered by the market within 24 Hours. This allows  us to confidently capture our gains quickly and safely on a more consistent basis, without the fear of reversals that can stiffle our Long-Term Profitability.

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Happy Trading

Your Mentor

Duane

DRFXTRADING

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Sounds Good?

Choose Your Service then 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 : swingtradingmentoring.com

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.


Market Opinions

The content provided by drfxtrading.blogspot.com is for educational purposes only.

No information presented constitutes a recommendation by drfxtrading.blogspot.com to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy.

Any opinions, news, research, analyses, prices, or other information contained on this blog are provided as my opinion of how Exchange Rates move in accordance with Japanese Candlestick Patterns and do not constitute investment advice.

Drfxtrading.blogspot.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information on a Live Forex Account.

YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

You should NOT rely solely upon the information or opinions that you read on the blog or receive via my Services. Rather, you should use what you read and receive as a starting point for doing your own independent research, your own independent analysis, and refine your own trading methods before placing your money at risk.

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There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since drfxtrading.blogspot.com does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, I cannot be responsible for communication failures, distortions or delays when trading via the Internet.

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However, drfxtrading.blogspot.com does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the blog, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.


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None of the Services offered are to be used by persons from a country where the provision of such services would be contrary to local law or regulation.

It is the responsibility of visitors to this blog and users of my Services to ascertain the terms of and comply with any local law or regulation to which they are subject.

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