DRFX FOREX SWING TRADING

This trade took advantage of the movement back down to the Support Boundary of the Consolidation Setup on the Daily Chart, following the recent U-Turn at Resistance. Entry took place on the 4 Hour Chart following the Daily Bearish Candlestick Signal in the middle of the Consolidation. After a few days, target was hit for a gain of 149 Pips, pushing our Return to 24,7% from just 4 trades in 2 months. TRADE RESULT - EURO USD 149 PIPS RATE OF RETURN FOR 2016 (Click on Chart to go to System Page at Myfxbook) As you'll see in the Charts and the Video Analysis below, the Daily Chart started the downtrend with a strong U-Turn at Resistance. This was followed by another Bearish Candlestick Signal which we used for this trade. With the pair expected to hit the Support boundary, our target was set to an area just above this line, with entry taking place on the 4 Hour Chart. DAILY CHART SETUP DAILY CHART - ENTRY SIGNAL ...

The ability to accurately forecast and profit from the movements on the Forex Market is what you will enjoy with this  Trading Manual and Swing Trading Services . DRFX FOREX SWING TRADING With this Manual, you will learn the Techniques based on Candlestick Patterns that determine market direction every day. You'll be able to apply this knowledge to your Swing, Day Trading or Scalping strategies for Maximum Returns every week, as you trade your way to Long-Term Wealth . PREDICTING MARKET DIRECTION & PATTERNS There are times when you may be trading what appears to be an Uptrend on the 30 Minute Chart only to realize that this was part of a temporary reversal on the Daily Chart leading to unexpected losses. These problems are easily solved with the  Manual  as you’ll discover the main  Technical Factors  of the Daily and 4 Hour Charts that allow you to accurately...

The EURO USD provided us with a small trading gain of 46 Pips on Thursday as we took advantage of the sharp Bullish Reversal that was predicted in December 2015. The original trading target was 165 Pips but by the end of the Holding Period established for this trade this had not been hit, obligating us to close our trade for the smaller profit. During this trade, a sharp bearish pullback had threatened our Stop Loss, coming within 5 Pips of taking out our trade.  This pullback would have tempted many to exit the trade for fear of being stopped out. However, thanks to the rule that we have of never looking at our trades while they are open, we were able to capture this trading gain as the market u-turned and rallied once more. As a result, this trade, combined with the 138 Pips from the GBP USD, has now given us a good start to 2016 with a Rate of Return of 9.4% . The screenshot below is taken from the Private Video Analysis we did for the EURO USD in December ...

As was predicted in a recent Private Video Analysis for Subscribers, the NZD USD has begun to show volatility that is typically associated with Large Candles. This Candle appeared as part of an ABC Setup at the Support Boundary of a Range Setup on the Daily Chart as the pair heads to Resistance. Despite the strength of this Signal, I warned that trading this Candle or any other that followed would be too risky based on the theory behind Large Candles across all time frames.  As we would see the following day, the market began to pullback with a strong Bear Candle that would have taken out Long Positions that may have been opened - justifying our decision to avoid trading this pair. The video below shows the analysis that was done last week and the rationale provided about Large Candles. There are 3 main types of Candlestick Signals. One of these is the Large Candle that is very risky to trade. It is usually associated with p...

This latest trade took advantage of the Bearish Consolidation Breakout on the Daily Chart of the GBP USD which started in the last week of December. It provided a gain of 138 Pips within 4 days, just ahead of the pullback that is now taking place. Entry was based on the Daily Chart's Bearish Candlestick Signals as well as the setup on the 4 Hour Chart. The first video below shows the description and analysis of the Daily and 4 Hour Charts before the trade was made.  Trade Setup Video This video shows the trade result and provides a detailed analysis of the main elements behind the breakout. Trade Result Video The Daily Chart below shows the Pennant Setup and Candlestick Signals that started and continued the breakout below the Support boundary. The target was set to the Breakout Equivalent (see Trading Manual & Video above) of the previous Consolidation at 1,4562. DAILY CHART TRADE SETUP (FXCM Cha...

The recent bearish move on the NZD USD has come as no surprise based on our analysis done a few days ago. This decline is in keeping with the predicted formation of a Consolidation Setup based on the types of Candlestick Patterns formed over the last few months. Whenever the market is transitioning from a Trending to a Consolidating pattern, we will usually see a pattern of Candlesticks that tell us when this will take place. This allows us to exit our positions ahead of the expected pullback to avoid overbought/sold areas and to get ready to maximize on the Pips on offer as the market starts moving in the opposite direction. In the chart and the Video below, you can see the predicted setup of this Consolidation on the Daily Chart.  NZD USD DAILY CHART VIDEO ANALYSIS The chart below now shows the start of the decline taking place in favour of the US Dollar. This has formed a 2nd Resistance Point to complete the Resistance Boundary as the Pennant cont...

This successful trade took advantage of the sharp False Breakout Reversal from the Pennant Consolidation on the Daily Chart that started on December 3, 2015. As with all of these types of setups, the initial breakout attempt was quickly taken out by a strong, opposing signal that led to a breakout at the other end of the Consolidation. Given that this setup was in sync with the theory of False Breakouts that is outlined on Page 54 of the Trading Manual, the trade provided a strong gain of 140 Pips. The graph below shows one of the examples of False Breakouts that are explained in detail in the Manual. FALSE BREAKOUT SETUPS As you can see from the Daily Chart of the GBP CAD below, the setup was almost exactly the same as the one above.  DAILY CHART FALSE BREAKOUT PENNANT SETUP (FXCM Charts used to provide Entry Signals based on the New York Candle Close of the Daily Chart) Following the Bear Candle that attempted a breakout at Support, the bu...