This is a quick update for a trade idea I shared two weeks back.
I did say it was going to be one for the swing traders and the trade has hit profit target 17 days later.
The pair in question is a NZDUSD working the H4 time frame. Strategy is a 1:5 RR ratio.
This kind of trade epitomises the importance of sticking to the plan.
Good profit was on the table a numerous points. Slight retraces occurred but it's crucial to stick to your strategy.
A back test of 34 trade samples over three years tells me this strategy is profitable. I simply let probability play out combined with patience.
That very trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
I did say it was going to be one for the swing traders and the trade has hit profit target 17 days later.
The pair in question is a NZDUSD working the H4 time frame. Strategy is a 1:5 RR ratio.
This kind of trade epitomises the importance of sticking to the plan.
Good profit was on the table a numerous points. Slight retraces occurred but it's crucial to stick to your strategy.
A back test of 34 trade samples over three years tells me this strategy is profitable. I simply let probability play out combined with patience.
That very trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
