DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
As you well know one of the most profitable ways to operate in the markets, especially in the Forex market is to trade during trends.
There are many trading strategies to use during trends, today I will explain two very simple and profitable ones that you can utilize with ease and immediacy.
Namely:
-chart patterns trading
-trend following
The first method involves the use of continuation patterns that are formed during trends, ie flags, pennants, triangles and wedges. When the pattern breaks, a buy signal will be generated if the trend is bullish or sell if it is bearish.
The second is to follow trends when the drawdown falls below a certain value.
- Since identifying these patterns is not easy, and requires time and experience, I will show you below a very valid tool, I use every day, which scans the Forex market identifying trends and patterns automatically and quickly.
Let’s start!
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Chart patterns trading
One of the simplest approaches that have demonstrated really good profitability over time is pattern breakout trading.
In simple words, whenever a continuation pattern like a flag, a triangle, a wedge is formed within the trend and the price breaks the trend line, a buy or sell signal will be generated (depending on the trend).
Not all signals are profitable, in fact we need to check that the pattern is actually inside a strong trend.
Forex Trendy, the online tool I have been using for many months, does all this for me.
It Identifies the trend, the pattern and when the price breaks the trend line sends me a buy or sell signal.
I subsequently check that the pattern actually formed in a strong trend, taking a look also at the higher time frames to get a complete picture of the situation. Then according to my strategy and rules I open a position.
Having a strategy with precise rules is fundamental, also a good money management is vital for the survival and growth of your account! Make good use of the stop loss and lever.
Trade with judgment.
Trade 34 Forex Pairs plus Gold, Silver and Oil Automatically!
With this tool I can receive signals from 34 Forex Pairs plus 3 commodities (gold, silver, oil). You will find all common pairs like EUR / USD GBP / USD CHF / USD CAD / USD and exotic pairs like EUR / TRY.
It is very simple to use, once inside the member area just go to the settings section and choose the Forex Pairs to trade with, set the time frame you use (from 1minute to Monthly), decide where to receive the signal (via email , sms or directly on the screen of your device) and click on save.
Everything is done, you should just wait for the signal and decide whether to enter the market or not. Simple.
In the figure below you can see how a continuation pattern is identified by Forex Trendy, generating an excellent signal to open a profitable trade.
- not all breakouts are profitable, for this reason you must use the stop loss.
Trend following
Another excellent feature of Forex Trendy is its trend following section , where you will find the best trends on 34 Forex Pairs and 3 commodities (gold, silver, oil).
The first trend you will find will be the strongest, with the smallest drawdown.
It is not uncommon to find trends with drawdowns of less than 15% (with which commercial and central banks operate).
However, in the settings section you can decide which signals to receive, for example if your trend following strategy includes trends with 20% drawdowns, you can set this value.
Each time a trend with that value or less forms, you will receive an audible alert.
Once again, you can trade on all time frames.
I’ll show you a clear example.
In case you are not very prepared on trend following and chart pattern trading don’t worry!
When you register on Forex Trendy you will receive a practical e-book where you can discover the techniques of famous and experienced traders.
In addition, you will receive a weekly training on your mailbox where you will learn to use the tool to the fullest and will refine your trading knowledge.
Final thoughts…
Well I hope you enjoyed this short tutorial, you can start using Forex Trendy by CLICKING ON THE IMAGE BELOW!
*Compared to other signals providers, Forex Trendy offers its service at a really advantageous price, it will not remain so for long. Hurry up!
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
In case you have specific requests, do not hesitate to contact me at acetrader@forex-expert.net . I will personally replay asap!