Simple Price Action Pattern Will Launch Your Trading Profits Like A Rocket...
Published: 2020-09-17
Status:
Available
|
Analyzed
Published: 2020-09-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The presented trading strategy has demonstrated strong performance over the last three months.
"this strategy's performed really well over the past three months"
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The trading strategy resulted in 17 wins in the last three months.
"17 wins using this strategy in the last three months"
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Over the last three months, the trading strategy experienced 8 losses and 17 wins.
"8 losses ... 17 wins"
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The trading strategy achieved a winning percentage of approximately 68% based on 17 wins out of 25 trades in the past three months.
"17 over 25 means a winning percentage of around 68"
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Trades are entered based on the first candle that breaks and closes above the highest bodies of a previously tested resistance level (tested at least twice).
"i enter based on the initial candle that breaks the highest bodies of the previous resistance level that was tested twice"
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The stop loss for trades is set at 1.5 times the Average True Range (ATR).
"for stops i do 1.5 atr"
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A one-to-one risk-reward ratio is used in the example trading strategy.
"i use a one-to-one risk reward for this example"
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Conditions for a trade setup include the market being above the 100 EMA, a resistance level tested multiple times, and rising support levels.
"we have a market above the 100 ema ... we have a level of resistance tested multiple times ... we then have rising support levels"
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With an ATR of 9 pips, a stop loss of 1.5 times ATR results in a 13.5 pip stop loss.
"1.5 times the atr ... the atr right now is nine so that's another 13 and a half pip stop loss"
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The example strategy uses a 1:1 risk-reward ratio.
"a one-to-one risk reward in this example"
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The strategy resulted in another winning trade.
"we have another winner here"
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Key rules for a valid trade setup include a resistance level tested multiple times and rising support levels.
"we have a level of resistance it's been tested multiple times ... we have rising support levels"
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Entry is triggered by the candle that breaks and closes above the highest bodies of the previous swing.
"entering on the one that breaks the highest and closes above breaks and closes above the highest bodies of this swing"
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The stop loss is set at 1.5 times the Average True Range (ATR).
"1.5 atr stop loss"
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A 1:1 risk-reward ratio is applied in this trade example.
"one to one risk reward"
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An example of a losing trade using the strategy is presented.
"here we have an example of a losing trade"
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Conditions for a losing trade setup included a resistance level tested and rejected twice, and rising support levels.
"we have a level of resistance was this level tested and rejected twice ... we have rising support levels"
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It is recommended to backtest the strategy at least 100 times on the specific pair and timeframe intended for trading.
"test this strategy at least 100 times due on the pair and the time frame you're going to trade"
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Backtesting should aim to determine if the strategy yields a positive or profitable expectancy over a set period.
"see if it gives you a positive expectancy or a profitable expectancy over that period of time"
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The EAP training program includes a full course on the daily trading strategies used by the presenter.
"eap training program ... i have a full training course where i teach the strategies i use on a daily basis"
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The EAP program covers risk management, including how to calculate risk per trade.
"a lot about risk management and how you need to calculate your risk per trade"
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A full course on maintaining discipline to a trading plan is offered within the EAP program.
"a full course on how to stay disciplined to a trading plan"
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Participants in the EAP program will receive 3-5 email alerts per week for trades the instructor is personally taking.
"email alerts per week of trades that i am personally taking"
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The EAP training program comes with a 30-day money-back guarantee.
"30-day money-back guarantee"
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