Trading the trend multiple times...

Here is an example of trading the trend several times. Over the last couple of weeks I have traded the fall of the NZD/USD with 3 successful short trades by being patient and waiting for the right set-ups to appear. Check out my video:-

I have created a new video that relates to this in the fact that it is better to take trades in areas of space e.g trend forming then in areas of consolidation. Enjoy

www.youtube.com/watch?v=-ERcHjf8VjQ

Nice video.

Trading this method in a trending market works well. The trick to beating the market in the long term is being able to sustain success in the flat markets as well as the trending markets.

Keep it up

Hello, Auspunter

Great videos, I am a trend trader and have not used your style of entry, I will certainly look out for this set up.

Nitetrader

Trading the trend is always a good advice, thanks for the video.

Nitetrader, I use several types of price action set-ups, false breaks, engulfing patterns, pin bars...the key is to take the trades in space to give them a better chance.

Please could you post some details of entries,exits and tp's.

thanks

NT

Good trades Aussie, keep the videos coming if you can.

Jt

If you are trading the forex markets there is usually multiple pairs trending at the same time, pairs are not going to be all flat at once, it's just a matter of being patient and trading those trending pairs and looking for the best set-ups.

There are a lot of traders who only trade the same pair all the time eg EUR/USD, and this is fine but what happens when the pair is not trending, this may lead to "finding" trades and not letting them come to you. There are also a lot of traders that make good money when pairs are range bound, but it is a lot harder. If you can learn a few good trade set-ups, it will work across all the pairs, and just wait for them in trending pairs.

I like to keep it very simple for entries and exits. For example if its a pin bar and your looking short, take the entry at break of the pin bar low and stop above the high. If it's an engulfing bar, its the same thing, sell short on break of low and stop at high. This is pretty simple but the key is to have money management and only taking a trade where the probability of hitting the profit target is higher. I will do a video on this etc.

I have a new video up:-




Shows the chart analysis and recap of QANTAS airways.