Very simple strategy of using upward and downward trending channels to make small to huge profits depending on the time frame you use.
If you go with the trend you can minimize your loss and maximize your profit by setting a tight stop loss just above support or Resistance.
I am posting this because i like trading and analyzing charts with others who are interested in making a lot of money too and its good to get second opinions
So if you find any setups post them here and lets get to trading!!
I have made over 2000 pips on trades on the daily chart or as little as 15 pips on a 5 minute chart(both can be very profitable depending on lot sizes of course.
Here is my first short term example today made over 60 pips in 2 hours taking little trades along
Its almost like a pinball machine and 80% of the time it does bounce.
I'm not afraid to bring in other indicators as I often do of course, but sometimes its good just to start with the basics and add what you need depending on the chart conditions.
I like this way of trading as I HATE loosing as i'm sure everyone does so if you time it right you can enter trades merely risking a a handful of pips with plenty of room to profit.
Btw if you think this is too simple it probably is
If you go with the trend you can minimize your loss and maximize your profit by setting a tight stop loss just above support or Resistance.
I am posting this because i like trading and analyzing charts with others who are interested in making a lot of money too and its good to get second opinions
So if you find any setups post them here and lets get to trading!!
I have made over 2000 pips on trades on the daily chart or as little as 15 pips on a 5 minute chart(both can be very profitable depending on lot sizes of course.
Here is my first short term example today made over 60 pips in 2 hours taking little trades along
Its almost like a pinball machine and 80% of the time it does bounce.
I'm not afraid to bring in other indicators as I often do of course, but sometimes its good just to start with the basics and add what you need depending on the chart conditions.
I like this way of trading as I HATE loosing as i'm sure everyone does so if you time it right you can enter trades merely risking a a handful of pips with plenty of room to profit.
Btw if you think this is too simple it probably is