Hey Traders, how goes it?
This thread will be dedicated to showing you my new Aggressive Swing Trading Strategies. The 1st targets quick moves of between 50 and 70 Pips within 24 Hours while most of my trades will be based on the 2nd which targets 100 to 200 Pips Per Trade. Both strategies are based on my ability to accurately predict the 200 to 500 Pip Weekly Range Movements of Currency Pairs.
The idea is that all Currency Pairs have their respective Weekly Ranges. What I do - which I encourage you to learn to do - is to capture Pips in the direction of these moves, based on the Setup that has been formed (Consolidation Breakout or Movements within Consolidation).
The main aspects of each trade will be highlighted using Video Analysis of my trading results, along with the Technical Theories that supported the trade.
RATES OF RETURN
In 2015 and 2016, my average Annual Rate of Return has been 40% using the strategy of targeting 100 to 200 Pips.
However, with the addition of the new Strategy...
...even Faster and Larger Returns are expected.
Having used 2017 to create this new strategy and refine the previous one, the new combined approach began in February this year. Since then, the Return has been 13.06% from just 12 trades...
This means I am only a few trades away from hitting the 14% and 30% Targets in the weeks ahead ( each winning trade averages 3%), before moving on to even Larger Targets.
MAIN ASPECTS OF STRATEGIES
1. Using Japanese Candlestick Patterns Consolidation Boundaries and Trend Lines to identify Market Direction and Trading Opportunities.
2. Using only the Daily and 4 Hour Charts for market direction, entry and stop loss placements.
3. Holding Trades for Specified Holding Periods.
4. Setting Trading Targets and Never Monitoring Trades while they are still open until they are Stopped Out/Target Hit.
5. Using the New York Close (5 PM EST) of the Daily Candle for Entry Signals.
6. Never using Statistical Indicators or Economic Data Analysis (ironic since I am a former Central Bank Economist) - most daya are short term and thus unreliable.
7. Always obeying the Holding Period regardless of the floating balance - helps to avoid greed.
This in a nutshell are the basic elements of my approach which I am willing to share. If you use a similar approach let me know and if you have any questions or criticisms..fire away!
Let me leave you with this video of the recent trade made on the CAD JPY as an example of my trades.
SUMMARY OF TRADE
Regards
Duane
DRFXTRADING
This thread will be dedicated to showing you my new Aggressive Swing Trading Strategies. The 1st targets quick moves of between 50 and 70 Pips within 24 Hours while most of my trades will be based on the 2nd which targets 100 to 200 Pips Per Trade. Both strategies are based on my ability to accurately predict the 200 to 500 Pip Weekly Range Movements of Currency Pairs.
The idea is that all Currency Pairs have their respective Weekly Ranges. What I do - which I encourage you to learn to do - is to capture Pips in the direction of these moves, based on the Setup that has been formed (Consolidation Breakout or Movements within Consolidation).
The main aspects of each trade will be highlighted using Video Analysis of my trading results, along with the Technical Theories that supported the trade.
RATES OF RETURN
In 2015 and 2016, my average Annual Rate of Return has been 40% using the strategy of targeting 100 to 200 Pips.
However, with the addition of the new Strategy...
...even Faster and Larger Returns are expected.
Having used 2017 to create this new strategy and refine the previous one, the new combined approach began in February this year. Since then, the Return has been 13.06% from just 12 trades...
This means I am only a few trades away from hitting the 14% and 30% Targets in the weeks ahead ( each winning trade averages 3%), before moving on to even Larger Targets.
MAIN ASPECTS OF STRATEGIES
1. Using Japanese Candlestick Patterns Consolidation Boundaries and Trend Lines to identify Market Direction and Trading Opportunities.
2. Using only the Daily and 4 Hour Charts for market direction, entry and stop loss placements.
3. Holding Trades for Specified Holding Periods.
4. Setting Trading Targets and Never Monitoring Trades while they are still open until they are Stopped Out/Target Hit.
5. Using the New York Close (5 PM EST) of the Daily Candle for Entry Signals.
6. Never using Statistical Indicators or Economic Data Analysis (ironic since I am a former Central Bank Economist) - most daya are short term and thus unreliable.
7. Always obeying the Holding Period regardless of the floating balance - helps to avoid greed.
This in a nutshell are the basic elements of my approach which I am willing to share. If you use a similar approach let me know and if you have any questions or criticisms..fire away!
Let me leave you with this video of the recent trade made on the CAD JPY as an example of my trades.
SUMMARY OF TRADE
Regards
Duane
DRFXTRADING
