DIJA/USA30 Trade
Hello guys, I haven't published anything in a while but im back at it again.
I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy
so that you may use it yourself in future trades.
My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or selling
trading signals, I am not lying, nor am I trying to gain money from you so there is no conflict of interest.
As you see I am using a divergence strategy, it's my favourite because it will save you from taking bad trades on
breakouts or doing stupid things like buying/selling where the market is reversing.
I would highly advise anyone going into trading to learn how to spot divergences, it can appear in multiple
indicators but my go-to is the RSI as I feel like it shows itself more clearly, but this is a matter of preference.
The DJIA is on a clear uptrend now as you can see in the daily chart, and is currently in a pullback
which was also warned by the bearish divergence on the resistance line going across the past few peeks.
It then created a bullish divergence close to the support line which is where I made my entry.
Due to having to log back into my trading account I did not manage to get in when I wanted but my price is
around 30.025, which is still alright.
I would advise everyone to only take trades in the direction of the trend, of course with divergence you can
trade both ways, but your win/loss ratio will likely decrease.
My TP stands currently around 30.250, giving me a gain of little under 1%, however my leverage trough
CFDs are 1:30 meaning my total potential profit will be around 30%. However I would not recommend using leverage over
1:5 or 1:10 if you are not experienced in the market, as that 30% win could easily be a 15% loss depending on your
risk management.
I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy
so that you may use it yourself in future trades.
My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or selling
trading signals, I am not lying, nor am I trying to gain money from you so there is no conflict of interest.
As you see I am using a divergence strategy, it's my favourite because it will save you from taking bad trades on
breakouts or doing stupid things like buying/selling where the market is reversing.
I would highly advise anyone going into trading to learn how to spot divergences, it can appear in multiple
indicators but my go-to is the RSI as I feel like it shows itself more clearly, but this is a matter of preference.
The DJIA is on a clear uptrend now as you can see in the daily chart, and is currently in a pullback
which was also warned by the bearish divergence on the resistance line going across the past few peeks.
It then created a bullish divergence close to the support line which is where I made my entry.
Due to having to log back into my trading account I did not manage to get in when I wanted but my price is
around 30.025, which is still alright.
I would advise everyone to only take trades in the direction of the trend, of course with divergence you can
trade both ways, but your win/loss ratio will likely decrease.
My TP stands currently around 30.250, giving me a gain of little under 1%, however my leverage trough
CFDs are 1:30 meaning my total potential profit will be around 30%. However I would not recommend using leverage over
1:5 or 1:10 if you are not experienced in the market, as that 30% win could easily be a 15% loss depending on your
risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.