Currency Swing Trades:
The beauty of Forex Markets is that we can take scalping, intraday and swing trades on same currencies or commodities without any much criteria. Generally, traders think we need to take more trades to make money from markets. Ideally in most business, you sell more products, you make more margins and generate more revenue. Suppose that you own a mobile Shop. Then, your profits depend directly on how many mobile phones and its accessories you are selling.
Total Profit = Number of products x Margin
However, you cannot equate this principle into directional based trading (Means you trade based on the trends and take a buy/sell based on the views) *
*Note: – If you do Arbitrage trading, Correlation strategies it’s a different school of thought and I am not
referring to that.
There is no guarantee that if you do a greater number of trades, you make more money. Every time we enter the markets it’s a probability game. We take a small portion of risk and try to achieve a profit based on our aptitude.
If you see charts, there are timeframes from 1 Mins to 1 Month (MN) chart: means every 1-minute market moves up and down. If you try to catch every movement of that its just a noise and waste of time.
So, you will miss many beautiful trade setups in your daily trading journey.
There is a famous quote “Water, water everywhere, but not a single drop to drink”. This is very relevant in our trading business. We can see so many missed opportunities once its formed and we may be wondering where the heck/hell I was at that time or day.
It happens more often when you focus on small time frames. You will be busy glancing through so many patterns and opportunities. Moreover, once you enter the trade you have so many self-doubts what if this trade goes opposite. This is because our mind also wanders along with the price movement.
Market – It’s a well-designed game. It is a universe of people, banks, institutions all trying to make the bucks from it!!
In this article we would like to share some of the school of thoughts of our analysts while identifying the trading signals. You know it is not so easy to analyse or judge markets every time. We act as a supporting system in your trading journey. We may also go wrong sometimes.
However, the catch is that if you are learned and trained professionally, you could act wisely and optimise the productivity of our trading signals. Without further ado, lets delve into our analysis and learn something for your future.
We have taken some of the latest trades given out in Premium Signals section:
Premium Signals:
Analysis 1:
Let’s deep dive into analysis of EURGBP buy trade given above in blue colour
(Colour code: Blue – Target(s) achieved, Gray – Stop Loss triggered, Green – Running trade)
Price was gradually moving up from the accumulation phase (see below picture) near the area/zone 0.85600 – 0.85900
There were a couple of days price stays in that level and again shoot up. For informed traders, market give ample opportunities to re-enter, multiple entries in that area/zone of 0.85600 – 0.85900
Price then moved a nice swing from there. It’s the power of swing trading. No more stress – No more missing opportunities. Stay clam and ride the wave!
Analysis 2:
Let’s see another opportunity on selling USDCAD which was a signature trade!!
Price formed a Sell Pinbar (Sell Trade 1) and other price action patterns which we learn in our trading courses.
There was another Sell Trade2 on “Core Model” levels that gives a double confirmation for the next swing movement. US Dollars weakened against Canadian dollars and moved around 5000+ points.
(Note: Generally 5000 Points = 5000 $ for 1 Lot volume)
For traders who are educated about price action and trend methods, it was a killer trade. The beauty of forex/international markets is that you can simply hold the trade for any days by trailing the stoploss – Just ride the markets!
Analysis 3:
The below trade of EURAUD hit the stoploss, though the trade is aligned with our principles discussed above.
Price is again slowly reversing from the support. Again, we could get buy entries from same levels and cover the loss made. These actions are easier if you learn the strategies from a structured course.
To get access to such high probability trading signals, subscribe to our signals. TreLeS Technologies offers market analysis and signals in forex, commodities, indices … Click here to know more: https://trelestech.com/best-forex-trading-signals/
