DISTINGUISHING BETWEEN WEAK AND STRONG SIGNALS PREVENTS MAJOR TRADING LOSS ON AUD CHF
The AUD CHF had given a Bull Signal on its Daily Chart this week indicating the possible start of a rally as part of the formation of a Consolidation Setup. However, instead of providing us with a strong Bull Signal on the 4 Hour Chart to continue the move and provide us with an entry opportunity, a weak one was given. This led to the decision to avoid trading this setup because of the possibility of a reversal and loss, which is exactly what would have happened had we traded it.
Avoiding this trade helped to not only avoid a loss but to also keep the winning streak intact since the start of the new strategy in February of this year. The ability to make this distinction between weak and strong signals is a major advantage of my strategy and one which will make a big difference in your Long-Term trading success in this challenging Financial Market.
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.
Avoiding this trade helped to not only avoid a loss but to also keep the winning streak intact since the start of the new strategy in February of this year. The ability to make this distinction between weak and strong signals is a major advantage of my strategy and one which will make a big difference in your Long-Term trading success in this challenging Financial Market.
AUD CHF DAILY CHART
4 HOUR CHART
RATE OF RETURN AS AT APRIL 4, 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
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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
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Despite these great results, a more aggressive strategy is now being used beginning February 1st, 2018.
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(Some Trades - where justified - will use larger Stop Losses)
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nice article
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