Hello guys, I haven't published anything in a while but im back at it again.
I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy
so that you may use it yourself in future trades.
My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or selling
trading signals, I am not lying, nor am I trying to gain money from you so there is no conflict of interest.
As you see I am using a divergence strategy, it's my favourite because it will save you from taking bad trades on
breakouts or doing stupid things like buying/selling where the market is reversing.
I would highly advise anyone going into trading to learn how to spot divergences, it can appear in multiple
indicators but my go-to is the RSI as I feel like it shows itself more clearly, but this is a matter of preference.
The DJIA is on a clear uptrend now as you can see in the daily chart, and is currently in a pullback
which was also warned by the bearish divergence on the resistance line going across the past few peeks.
It then created a bullish divergence close to the support line which is where I made my entry.
Due to having to log back into my trading account I did not manage to get in when I wanted but my price is
around 30.025, which is still alright.
I would advise everyone to only take trades in the direction of the trend, of course with divergence you can
trade both ways, but your win/loss ratio will likely decrease.
My TP stands currently around 30.250, giving me a gain of little under 1%, however my leverage trough
CFDs are 1:30 meaning my total potential profit will be around 30%. However I would not recommend using leverage over
1:5 or 1:10 if you are not experienced in the market, as that 30% win could easily be a 15% loss depending on your
risk management.
I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy
so that you may use it yourself in future trades.
My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or selling
trading signals, I am not lying, nor am I trying to gain money from you so there is no conflict of interest.
As you see I am using a divergence strategy, it's my favourite because it will save you from taking bad trades on
breakouts or doing stupid things like buying/selling where the market is reversing.
I would highly advise anyone going into trading to learn how to spot divergences, it can appear in multiple
indicators but my go-to is the RSI as I feel like it shows itself more clearly, but this is a matter of preference.
The DJIA is on a clear uptrend now as you can see in the daily chart, and is currently in a pullback
which was also warned by the bearish divergence on the resistance line going across the past few peeks.
It then created a bullish divergence close to the support line which is where I made my entry.
Due to having to log back into my trading account I did not manage to get in when I wanted but my price is
around 30.025, which is still alright.
I would advise everyone to only take trades in the direction of the trend, of course with divergence you can
trade both ways, but your win/loss ratio will likely decrease.
My TP stands currently around 30.250, giving me a gain of little under 1%, however my leverage trough
CFDs are 1:30 meaning my total potential profit will be around 30%. However I would not recommend using leverage over
1:5 or 1:10 if you are not experienced in the market, as that 30% win could easily be a 15% loss depending on your
risk management.