Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Trading Systems and Strategies
Swing Trading Strategy - 19% Return, 5 Trades, 1 Month
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="DRFXTRADING12, post: 92911, member: 32678"] [B]TRADE 4 - EURO JPY CONSOLIDATION BREAKOUT STRATEGY 1[/B] On November 20, a strong [URL='http://www.myfxbook.com/autotrade']signal[/URL] was given on the Daily Chart to start a sharp breakout from the Pennant Setup. This was expected to provide sharp gains in favour of the Japanese Yen heading into December as the Euro continued to lose ground across the Forex. The initial break of Support was followed by a brief period of sideways movement that formed a small Pennant Setup. This was a way of 'testing' the boundary before continuing the breakout with the bearish signal. [URL='http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_SETUP_FXCM.png'][IMG]http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_SETUP_FXCM.png[/IMG][/URL] [URL='http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_SETUP_SIGNAL.png'][IMG]http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_SETUP_SIGNAL.png[/IMG][/URL] A target of 172 Pips was set at the Breakout Equivalent of this smaller Pennant but due to the lack of market activity during this holiday period, the trade was only up by 47 Pips - smaller than expected but a win nevertheless. [URL='http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_47_PIP_EXIT.png'][IMG]http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_47_PIP_EXIT.png[/IMG][/URL] In situations such as this, re-entry is possible once liquidity returns to the market and the signal is strong enough to justify trading it to the original target. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…