I have just place a trade on Eurusd using the trend retrace strategy
You can get detailed strategy here:
The trend retrace strategy enters trades, after a trend has been established on the 4 hour and daily charts.The trade is entered after a retrace in the trend.I usually use a small stop below the last low, in an uptrend.
This is a live trade , it can breakdown, nothing is certain.More images below with videos
What is a Retracement?
A retracement is simply a short-term reversal in the trend, a pullback in an uptrend or a rally in a downtrend.
The market rarely moves higher or lower in a straight line. After a market has made an initial push, we often see a reversal, a retracement in price. Given the frequency of this occurrence we are able to get into the market at this retracement level and take part in the larger move.
Forex is not good for trend trading, good on trendy instruments.Euro does not want to trend.
You have included the word 'profitable' in the title while offering no statistical analysis to back the claim. Clearly spurious.
I have been trading them for years.In this thread I showed three trade able profitable opportunities
You can see their retraces and subsequent forward thrusts.They work and make profit , more times than not for me.People like you will screw up, when they get opportunities, like you screwed up on Dax. You were advised others to go short when it was a trend retracement.It is the blind leading the newer blind to forex.If somebody of your status screwed up, think how many new traders will screw up.
You guys don't need to attack my threads to screw up , the new traders will screw up anyway, by following the blind.Below are examples of trend retracements long term on DOW, EUR USD, DAX AND FTSE
retraces to ma
3 trades are statistically insignificant and therefore inappropriate cause to add the adjective 'profitable' amend the title immediately.
Your claims are unsubstantiated and spurious. You fall into the same category as most flyby forum pundits, make big claims then fail to provide any backup stats because by then we have already moved onto yet another 'system'.
Percentage works the same for any account size, but realistically all these 'successful systems' have not actually increased your account size at all over the last 2 years.
If it's just to document your trades then that's fine we don't need the above details.
If you can make 20-30% on a small account, then you'll be able to make it on a large account. When you are confident with the strategy and are trading larger sizes then it'll give others the confidence to follow and ask you more questions. Well done on the options trade.
Saturday - last edited Saturday
If you read the trade post ,the first post, the trade has a stop on the account image at 1.2114 , entry 12121 .The image also shows this.
This is a trend breakout, then a minor retrace on 5 min charts.
Where is the call trade option on the ig platform?
Cash trading arouses psychological demons, the price may breakdown, hit your stop and move without the trader.Traders then end up revenge trading, adding to positions and increasing position sizes to recover the stop loss losses.That is how the mind works in trading.I don't wan't any of that.
My secret for success is options, they give you enough time for your trade to materialize.I decided to close cash, just in case market becomes choppy and breaks down.I am always trying to manage my trading psychology, so I do not arouse psychological demons.
Most of the educational scammers claim psychology is not involved in trading, they don't trade they pretend to trade, how would they know anything about experiences of a real trader?I am explaining to you the real psychology behind trades.