This Video analyzes the trade result of 90 Pips (a 9% Return) that was captured on the EURUSD, as the pair continued the False Consolidation Breakout Reversal that took place on the Daily Chart earlier this week. The main Technical Factors that supported this trade are analyzed using the relevant sections of my Trading Manual, so that you can know how to take advantage of similar setups in the weeks ahead.
Specifically, the video describes
1. How to Accurately Identify Consolidation Setups (Page 25)
2. Why you should always trade setups that are in sync with the Main Trend Direction (Pages 32, 33)
3. Predicting the Formation of Consolidations and Breakouts (Pages 34 to 45)
4. Rate of Return and Holding Period Requirements
5. The Discipline to Hold Trades for a Few Days
It is very important to be able to accurately identify the profitable setups provided by the Daily and 4 Hour Charts each week. Once you can do this and have the patience to hold trades for a few days, you'll be able to enjoy Rates of Returns of up to 10% Per Trade on a regular basis each month!
Duane
Swing Trading Master
Specifically, the video describes
1. How to Accurately Identify Consolidation Setups (Page 25)
2. Why you should always trade setups that are in sync with the Main Trend Direction (Pages 32, 33)
3. Predicting the Formation of Consolidations and Breakouts (Pages 34 to 45)
4. Rate of Return and Holding Period Requirements
5. The Discipline to Hold Trades for a Few Days
It is very important to be able to accurately identify the profitable setups provided by the Daily and 4 Hour Charts each week. Once you can do this and have the patience to hold trades for a few days, you'll be able to enjoy Rates of Returns of up to 10% Per Trade on a regular basis each month!
Duane
Swing Trading Master