Trading with a trend: basics and strategyIn this video I explain how to indentify trends on the chart and how to use this knowledge to make trading decisions. At the end of the video we'll create a simple yet profitable trading strategy
Waves Light indicator:
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Trendstrategy
Confirming Trends with the Lower Time Frames NZD/USD ExampleHey Guys!
As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long.
First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart.
In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry and began entering long trades.
These lower confirmation tactics play a huge role in my trading, and even if you don't trade with price action, it can be a great addition to your current strategy.
I hope it helps!
Have a great day guys!
Ken
GBPJPY H4 testing /1000%+ gain data for 1000+ trades since 2007 Hi All
Pleased share some back testing results on the H4 timeframe across some xxxjpy pairs, mainly GBPJPY.
By testing H4 we have access to more data in time, so this video shows testing from 2007 with over 1000+ trades , so a substantial back test in my opinion.
Entry is clear - we just follow the entry on screen
Exit is clear - 3 exit options
- Stop Loss (all of our SL's are dynamic and based from ATR - so we take into account volatility on every trade - you can still risk the same amount!)
- TP3 target based on 1:8 Risk to Reward
or lastly, close and enter on a reverse signal if this happens before the other 2 possible outcomes.
Regards
Darren