2.5% RETURN AND 66 - PIP TRADING GAIN IN JUST 10 HOURS FROM THE EURO AUD PAIR
This trade provided a gain of 66 Pips and a 2.5% Rate of Return on my Live Account in just over 10 Hours, as we took advantage of the sharp rally on the EURO AUD that took place earlier this week.
DETAILS OF THE EURO AUD TRADE RESULT
The trade took advantage of the False Consolidation Breakout Reversal Setup on the Daily Chart, as the pair headed back inside of its Range Setup following the failed breakout attempt below Support. Once the Double Bottom Signal was given at Support to start the reversal, entry took place with the Bullish Engulfing Candlestick Signal on the 4 Hour Chart, with the 1 Hour Chart being used for Stop Loss Placement.
As you will see in the video, FXCM is used to identify Market Direction and Entry Signals based on the New York Close of the Daily candle (very accurate candles). However, my Live Trades are done with FXPro because you can see the exact % Values of your Risk and Reward for each trade and you receive email alerts when the trades are closed so you do not need to watch your trades. This helps to avoid the self-sabotaging habit of closing trades too early!
TRADE SUMMARY
TRADING METHODOLOGY
SUMMARY OF THE METHODOLOGY
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MARKET SETUP TRADED
MARKET THEORIES FOR THE TRADE
TRADING PLATFORMS USED
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DETAILS OF THE EURO AUD TRADE RESULT
As you will see in the video, FXCM is used to identify Market Direction and Entry Signals based on the New York Close of the Daily candle (very accurate candles). However, my Live Trades are done with FXPro because you can see the exact % Values of your Risk and Reward for each trade and you receive email alerts when the trades are closed so you do not need to watch your trades. This helps to avoid the self-sabotaging habit of closing trades too early!
DAILY CHART CONSOLIDATION SETUP & SIGNAL
4 HOUR CHART ENTRY SETUP
1 HOUR CHART STOP LOSS
THE TRADE RESULT ON MY LIVE ACCOUNT
4 HOUR CHART ENTRY SETUP
1 HOUR CHART STOP LOSS
THE TRADE RESULT ON MY LIVE ACCOUNT
KEY HIGHLIGHTS OF THIS TRADE
CHECK OUT THE DETAILED VIDEO ANALYSIS OF THE TRADE BELOW AND START TRADING TODAY!
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Your Mentor
Duane Shepherd
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-393 3355
Twitter: @WorldWide876
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