DIAD GBPJPY 1 Feb 17 Resistance breakout retest +200 Pc This transaction was based on a retest of resistance breakout level. It was further confirmed by a trend-line violation after the retest. After 3 top-ups it reached a +180 target resulting in a 200% gain !! 5% was risked to generate 200%. a return on risk of 40 times the amount risked. It also means you if you 1 winner… Read More »
Double in a Day Trade EURAUD 1 February 2017: Break of support and trend-line The EURAUD showed a perfect break on a strong support and resistance line. In addition it also violated a trend-line. It took awhile to get going but was successful at reaching the target. The target was just short of major historic support.
Double in a Day Trade EURGBP 1 February 2017 Break of support This trade started as a break of minor support when 4 candle bodies created a level of support. The entry was on the break of support and the transaction turned into a head and shoulder break. This gave it the momentum to reach the target over 100 pips away.
DIAD GBPUSD 31 Jan 17 Trend-line support confluence bounce 200pc This transaction was based on a bounce of historical support. At the same time there was a trend-line confluence. After 3 top-ups it reached a +180 target resulting in a 200% gain !! 5% was risked to generate 200%. a return on risk of 40 times the amount risked. It also means you if you have 1 winner out of… Read More »
DIAD Trade GBPUSD 31 January 17 Confluence bounce of support and trend-line Perfect bounce on the confluence of horizontal and non horizontal support and resistance. Part of trading Double in a Day trades is to spot entries requiring small stops. This is a good example of a small stop Forex entry I t is important is to use the Double in a Day price level entry option to enter these… Read More »
Double in a Day Trade EURUSD 30 Jan 2017 Resistance bounce The resistance bounce went negative at first and then corrected for a great run which barely reached the target for a 100% return after risking 5%. Again the lesson here is to use the Double in a Day price level option to enter these type of trades.