DRFX FOREX SWING TRADING

This trade provided a gain of 60 Pips as we took advantage of the Bearish movement within the Pennant Setup of the Daily Chart. This gain has now pushed the Rate of Return to 16% from just 13 trades over the last 4 1/2 months, allowing me to hit my first target of 14%. Since the market is expected to provide more setups like these,  just a handful of trades are needed to hit the 30% target in the next few weeks! TRADE SUMMARY SUMMARY OF TRADES SUMMARY OF STATISTICS RATE OF RETURN (Represents the Rate of Return since the new Strategies began in February this year. You can confirm this with the Custom Analytics feature for this system at Myfxbook.com). 14% RATE OF RETURN TARGET HIT The graphs below for 2015 and 2016 show the average Annual Rates of Return using the 100 to 200 Pip Strategy.  HISTORICAL RATES OF RETURN With the addition of the new 50 to 70 Pip Strategy... SWING TRADING STRATEGIES ...

One of the attractive aspects of the Forex Market is the ability to experiment and create 100s of systems using various combinations of Indicators, Candlestick Patterns, Economic Data, Support and Resistance Prices and Time Frames. You can choose to practice with these strategies to capture targets from as low as 10 Pips to as many as 500 Pips or more per trade. This process can continue for as long your heart desires with traders in the many trading fora providing you with opinions and assistance along the way.  But what if someone put a gun to your head and told you to NOW choose the strategy that you are most sure about that is most likely to provide you with profitability - or you would have to suffer the consequences of Failure and Poverty! Which strategy would you choose? THE GOOD THE BAD AND THE UGLY All strategies and systems will have their drawbacks and advantages. None will be perfect from any persoective (Risk Reward Ratios, Win Loss Ratios, Small ...

Instead of spending several hours of your day trying to analyze the intra-day direction of the Lower Time Frames - with signals that are usually wrong - greater accuracy and profitability can be achieved by focusing on the Daily and 4 Hour Charts. Al l you need to do is to patiently analyze the Daily and 4 Hour Charts at the end of your day and anticipate what is needed from the Daily Chart in days ahead to justify a trade.   Once that signal is given in sync with your analysis of the market direction, you can simply enter the market at that candle and wait for the market to hit your target as you return to your 9 to 5 job. The Main Reasons for this better approach? 1. Most Daily Chart Signals are Correct - Fewer False Signals compared to the Lo wer Charts; 2. Most Trends and Consolidation Setups are easier to spot and analyze on the Daily and 4 Charts in a much shorter time; 3. Most Stop Loss Areas on the Daily or 4 Hour Charts are stronger and thus more reliable in...