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FAST 137 PIPS IN JUST 2 DAYS ON GBP CHF

DaddyPapi Posted 13 Set  in #Trader's blog #Pips #Support #Resistance #Swing Trading #GBP CHF #Consolidation Resistance #Abc Signals
TRADE RESULT
This trade took advantage of the ABC Signal at Support of the Pennant on the Daily Chart, to signal the start of the rally to Resistance. Once the Signal was identified as being strong enough, entry then took place on the 4 Hour Chart. After just a day and a half, the trade provided a gain of 137 Pips.
SWING TRADING STRATEGY
The result reflected the use of the Weekly Range Trading Strategy where I target the 100 to 200 Pip Moves of the market. This is done using Candlestick Signals …
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GBP CAD Shows Importance of Having a Holding Period Rule

DaddyPapi Posted 5 Nov  in #Trader's blog #Support #Consolidation #Swing Trading #Trading Rules #Sharp Reversals #Holding Period Rule #Trading Targets
One of the most common traps that we fall into as traders is that of holding out for more Pips than we should on a trade. This can provide us with additional Pips at times but in most cases, the market will reverse sharply to quickly erase our trading gains in the blink of an eye.
This is why it is important to incorporate a rule as to how long you are going to hold on to a trade before closing it, regardless of whether it has hit your original target.
The GBP CAD trade provided a great example …
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102 Pip Gain Trading Within Consolidation

DaddyPapi Posted 4 Nov  in #Trader's blog #Consolidation #Swing Trading #GBP CAD #4 Hour Chart #Resistance And Support
This trade took advantage of the movement within the Range Setup on the 4 Hour Chart of the 4 Hour Chart. Entry took place just below Resistance with the Stop Loss placed comfortably above it. Target of 160 Pips was initially set at Support, but I exited for a 102 Pip Gain instead as the market had not yet hit my target at the end of the established Holding Period.
These are the types of trades we can make until the market breakouts from the Consolidation at Support or Resistance.
One of the cha…
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102 Pip Gain Trading Within Consolidation

DaddyPapi Posted 4 Nov  in #Trader's blog #Consolidation #Swing Trading #GBP CAD #4 Hour Chart #Resistance And Support
This trade took advantage of the movement within the Range Setup on the 4 Hour Chart of the 4 Hour Chart. Entry took place just below Resistance with the Stop Loss placed comfortably above it. Target of 160 Pips was initially set at Support, but I exited for a 102 Pip Gain instead as the market had not yet hit my target at the end of the established Holding Period.
These are the types of trades we can make until the market breakouts from the Consolidation at Support or Resistance.
One of the cha…
Read full story
Translate to Inglese Show original

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