Trading with Forex Trendy weekly update. A lot of pips in the basket!
Hi welcome to the weekly update on trading with Forex Trendy. Here I will show you a part of the best trades that took place in the week. Bringing them all is a bit difficult due to their large number, especially on small timeframes, but I will try to do it next time.
For those who do not know it, Forex Trendy is an online software that scans 34 Forex pairs and finds the best trending ones on all time frames.
In addition, thanks to its automated chart analysis, it also recognizes Triangles, Flags, Wedges and Trend Lines working as an excellent signal service too.
I receive alerts through email or sms in case I’m away, or directly on my pc screen if I leave the site open.
V.I.P As you well know trading systems that match all trades do not exist so it is clear that some trades have not gone into profit. To be 100% transparent. Trade consciously, depending on your possibilities and knowledge. The descriptions below do not represent any trading strategy in any way. For illustrative purposes only.
Let’s start!
Gold 1 minute time frame. Pattern: Flag. Break at 1238.05 . As shown in the figure Forex Trendy recognized a Flag and its clear sell signal ( Red arrow in the upper left corner). After the break at 1328.05, the price fell suddenly to the 1327.57 level and then lateralized, allowing alerted traders to take home a good profit. *Small timeframes are usually used for scalping.
USDSEK 5 minutes time frame. Sell Signal. Rising Wedge break at 9.3474. As expected from Forex Trendy the price has recorded an excellent drop to 9.3360 allowing us to bring home about 114 pips in case we closed our short position. In case we left it open, depending on the positioning of our stop loss, we would have taken home a bigger profit after the price went back on its bearish movement, touching the 9.3340 level.
USDCAD 30 min Time frame. Pattern: Flag. Break at 1.3173 Sell Signal.
Another good trade, short position opened after the break at 1.3173 followed by a solid descent at 1.3134. Bringing home about 38 pips. Forex Trendy also indicates Fibonacci Targets to place take profit in case you use them.
USDJPY 30 min time frame. Pattern: Falling Wedge. Break at 110.77 BUY SIGNAL.
A short nice climb occurred after the breakout. No re-test or pull back happened giving us the opportunity to take home 10-12 pips easily.
EURCAD 1 hour time frame. Rising Wedge. Sell signal
After a short descent at 1.4936 and a brief phase of uncertainty followed by a weak rise around 1.5010, sellers have regained control in a decisive manner bringing down the price to 1.4892. Several profit opportunities.
USDSGD. 1 hour time frame. Pattern: Triangle. Sell Signal.
After the break at 1.3551 the price started a sustained descent before stopping around 1.3498, confirming the excellent analysis of Forex Trendy and giving a “quiet and sweet” profit to those who entered short.
NZDUSD 30 min time frame. Pattern: Flag. Buy signal. Another magnificent analysis by F.Trendy on the 30 min NZDUSD chart. After the break at 0.6845 the price started a rapid rise, stopping around 0.6885 for another profitable trade.
Silver. 5 min time frame. Pattern: Flag. Buy Signal. A fair trade on the Silver, after the break at 16.00 and a clear buy signal the price started a slow climb towards the 16.14 level offering a good profit to the scalpers.
NZDJPY 30 min time frame. Pattern: Flag. Buy Signal. After the break at 75.67 the price started a decisive climb towards 76.42 , brushing it. Another excellent profitable trade brought home.
Trend Following section
As you well know, trend following can be an excellent way to make profits, if performed in the right way. Below I will show you some opportunities presented to the trend followers that use Forex Trendy and all the indications given about the trend.
Before continuing our review, an important disclosure:
Hi. FOREX EXPERT here.My goal with the blog is to educate you on the possibilities that exist for a trader, and i truly believe that delivering the best products and platforms will make my visitors happier and satisfied. I believe in honesty. For this reason I am disclosing that I’ve included some affiliate links in my articles. This means that I will earn a small commission if you decide to purchase a product. This commission comes at no additional cost to you. I only recommend products that are helpful and useful. Please do not spend any money on these products unless you think they are useful for you or help you achieve your goals.
Gold 30 minutes time frame. 16.7% Drawdown. When you log in to Forex Trendy, at the top of the page, the best trend will be shown according to its drawdown. As you may know the smaller the drawdown the more reliable the trend is. Below the pic you can also notice the arrows related to all the timeframes.
Before following a trend you should take a look at the upper timeframe, in order to have a bigger picture of the general trend direction and be sure that it won’t end soon. In this case F.Trendy confirms the up trend on all timeframes signaling a great profitable opportunity to trend followers.
Which drawdown should you look for? A 10% drawdown is like a gold mine, it’s rare but indicates that the trend is very strong. Big investors usually look for 15% drawdown but 20-25% are good too. Once you sign up, the Company will send you all the information you need to improve your trading. A free E-Book full of illustrations and tips is also included.
EURTRY 1 min time frame Drawdown 20.3% Another good trend to follow, the up trend is confirmed an all timeframes except for the 4 hours one, giving us a lot of information to better position our stop loss.
Oil 1 minute timeframe. Drawdown 21% A large amount of information about a good reliable trend is provided to us once again.
And to conclude, an optimally analyzed downtrend on EURCAD 5 MINUTES TIMEFRAME . Downtrend confirmed up to 4 hours, for a very good profit opportunity.
Conclusion
We are at the end of our review, it was a very interesting trading week full of profitable spots. I’m sorry not to have saved any additional screenshots but the time available was not much.
In case you want to use Forex Trendy to drastically improve you trading system then you can click on the link below. Good trading to everyone. To your success.
P.S. The company said that as more clients will sign up either the price, $37 quarterly, will go up or will be switched to a monthly billing.
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Forex Expert
Too good to be true
hello, it depends on the days and the use that the trader makes of this tool. it is clear that a trader with strategies will have very different results from one who does not have any. Obviously there are also losses, but this also depends a lot on the trader.