Trendpro
Back from vacation! Going for 8R on bearish AUDCHFHow's everybody doing? Currently trailing profits at about 2.5R on this trade using "High" risk setting on our Trend Pro Strategy. Looking to hit the support level which will net 8R, let's see how it goes. It's been a long vacation and hoping to record a few videos soon!
Netflix: Breakout, or Range? My advice... WAIT. Here's why.Here's a free signal from our strategy, yet my advise is to wait for the simply reason that earnings are due this week. As trend traders we try to avoid crazy volatility as much as possible, and simply ride the wave when it comes. Netflix price is at a strong resistance level, and can easily be rejected and form a range bound market.
However! If you wish to take the chance to go long, you are free to do so, as long as you keep your risk at MAXIMUM of 1-2% of your equity. And when you lose, do not revenge trade or fomo into markets... just close the charts for a day or so. Risk management and discipline determine the success of any good trader. So in this indicator, you will see that the recommended stop loss price level always equates to a max of 2% per trade.
Hope you learned something, and as always, trade safely.
Trade recap: Making 3.4R from shorting the US-China DivergenceCapped this short at 3.4R using our strategy as we get significant DXY reversal heading into this week's US Retail Sales and Building Permits news. No trades for now as we patiently sit on our hands for the next signal (preferably non-USD for this week, at least).
Pro Tip: Trading Ichimoku Signals Confluence on Forex!Here's a great example of a clear uptrend using the Ichimoku cloud indicator. Popularized by the Japanese, I really like the clear trend-following visual that Ichimoku provides especially on the daily and weekly time frames for each it was originally designed by its creator, Goichi Hosoda.
Once you have confirmed trends on the higher time frames via Ichimoku, the next step is to confirm entry timings by zooming in to the lower time frames, using your favorite trend-following signals (mine is Trend Pro). This provides great confluence and extra confidence when entering your trades.