ilmscore | LIVE TREND TRADING (A STRATEGY THAT WORKS)

LIVE TREND TRADING (A STRATEGY THAT WORKS)

Published: 2018-09-21
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The trader is targeting a 1:1 risk-reward ratio for the first target and a 4:1 risk-reward ratio for the second target, aiming for approximately 67 pips on the second target for the USD/JPY pair.
"we're gonna look for our first target at a one to one risk reward which is going to be right there ... our second target is going to be up here to round 67 pips so we're looking at a four to one risk reward on the second part of that position"
USDJPY
Pending
USD/JPY was identified as being in a perfect situation for trend continuation, with the level around 112.09 being a good entry point for such trades.
"dollar yen was in a perfect situation for trend continuation we also pointed out this level at around one twelve point oh nine and said that it was a fantastic place to start looking for train continuation on this pair"
USDJPY
Pending
The trader was looking for trend continuation trades within specific zones on the USD/JPY pair.
"we're gonna be looking for some kind of trade in our zone here and in our zone here for tren continuation on this pair"
USDJPY
Pending
The executed USD/JPY trade has achieved over a 4:1 risk-reward ratio on the second part of the position.
"this is how we place this trade that is currently up over a four to one risk reward on the second part of that position"
USDJPY
Pending
Using daily, 4-hour, and 1-hour timeframes together provided the perspective that the market (specifically USD/JPY in this context) was going to move higher, which was used as the trading bias.
"we went down to the out of the chart to check for the same exact thing these three different timeframes gave us the perspective that the market was going to head higher ... we went ahead and used that as our bias for this trade here on the dollar yen"
Multi-Timeframe Analysis for Trend
Pending
A hammer candlestick with a long lower wick and minimal upper wick signifies strong buying pressure after a decline, indicating a potentially powerful bullish reversal or continuation signal.
"what we saw was a very nice case stick formation in way of a hammer candle ... we have a very long wick to the downside followed by hardly any wick to the topside meaning that this candle pushed all the way down here buyers pushed back up push the market back up and we closed back up close to the house this can be a very powerful candlestick formation"
Hammer Candlestick Pattern Significance
Pending
The Technical Trading Foundation Course will be available for free for the next seven days, starting from the video's publication date.
"for the next seven days we're gonna be opening up the technical trading foundation course ... for the next seven days you can grab this technical trading foundation course for absolutely free"
Technical Trading Foundation Course Access
Pending