This recent trade provided a 2.66% Rate of Return in just 17 Hours, as I traded the Double Bottoms Pattern on the 4 Hour Charts up to Resistance at 111.84. As you will see in the graph below, the Stop Loss was placed at the Uptrend Line of the 1 Hour Chart. Although I try to use the 4 Hour Chart for my Stop Losses, the 1 Hour Chart is also used if the 4 Hour does not provide one that is not too far away. Following this entry, the market rallied as expected to Resistance to provide me with the trading result. These are the types of Returns that I aim for from the Forex. Once I can target this type of gain at least 2 times weekly, it will allow me to hit a strong 30% Monthly Rate of Return - the Rate of Return I teach traders to achieve with my Mentoring Service. Check out the graphs and the Video Highlight below and then subscribe to my Mentoring Service to experience great trading results like these every week! Main Technical Factors of this trade - 1. Double To
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This recent trade provided a 2.98% Rate of Return in just 10 Hours, as I traded the False Consolidation Breakout Reversal on the Daily and 4 Hour Charts up to Resistance at 110.15. This was a great trade considering that it provided such a large return in such a short time, in a Trillion Dollar Market with a 95% Failure Rate! It was also another example of how we solve the 5 Main Challenges outlined below that face us when trading this difficult Financial Market. Check out the graphs and the Video Highlight below and then subscribe to my Mentoring Service to experience great trading results like these every week! Main Technical Factors of this trade - 1. The Pennant Consolidation Setup on the Daily and 4 Hour Charts. 2. The initial Bearish Breakout attempt. 3. The failure of this Bearish Breakout below Support. 4. The Sharp Bullish Reversal that took us back inside of the Pennant. 5. The Bullish Engulfing Candlestick Formation that provided the Entry Signal.
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This recent trade provided a 1.18% Rate of Return in just over 16 Hours, as I traded the Strong Double Tops and Pennant Breakout Patterns down to the major Support of 81.90 on its 4 Hour Chart. Main Technical Factors of this trade - 1. The Candles that form both Peaks of the Double Tops must be strong. 2. The Neckline of the Double Tops must be broken convincingly to start or continue the Downtrend. 3. The Neckline was broken with a Breakout from a Pennant Consolidation . 4. Entry took place using the Bearish Engulfing Candlestick Formation that started the Breakout from the Pennant. 5. Stop Loss was placed above the Downtrend Line of the 1 Hour Chart. VIDEO HIGHLIGHT OF THE CAD JPY TRADE SETUP AND RESULT 1 HOUR & 4 HOUR CHART TRADE FORECAST 4 HOUR CHART TRADE RESULT Once you know the Main Technical Factors that control the behaviour of the Forex Market each week, you'll be able to accurately predict ma