Three trades resulting in a gain of 348 pips, $3,480 profit if you where trading regular size contracts. A gain of $348 if it was a mini account.
Trading would be a easy business if the market was always trending. But as you well know that is not always the case. Any bar chart will tell you. Most of the time the market is in a trading range. In other words trading sideways.
Take a look at the chart below. It clearly shows a market in a trading range. Not much profit potential there.
During the above trading range the Momentum Lines never did pull together. The result was no trades. Just what you want during markets like this. Don’t tie up your account in markets going no where. Save it for markets that are trending.
The 15 minute GBPUSD downtrend had four great trades. It’s during these trending periods you like to have the trades show up.
And four great trades do … the result was a profit of $5,470. A lot more could have been made by holding the trades longer and not taking a quick exit.
Determine the momentum in the market. Super easy with the MomentumTrend Indicator. (Having a strong momentum trend on your side sure helps.)
Look for a low risk entry point. (A few different methods are looked at in the manual and videos)
Ride the momentum out for as long as it carries you, or, set a price target and lock in your profits as soon as it is hit. (Trade in a manner that is most suited to your personality and style.)
Here are just some of the topics that are covered in the manual. The manual is in pdf format for easy download right to your computer.
Identifying A Trend ….. You will learn to recognize when the market is trending and when it is in a trading range. take advantage of the trend for those big opportunities.
Low Risk Entry ….. The trend is like a lottery, you want as many chances at it as you can get. Trading is not perfect. Lowering your risk gives you more opportunities if the first one fails. Once on board a good trend it will return many times your… Read more…