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Range and Trend Trading

This is a typical picture of a frustrated trader... his trade gets stopped out before it turns around to produce a profit.
There are many reasons why a good trade turns bad. Chief among the reasons is Impatience.
A good trade setup doesn't guarantee a profitable trade outcome.
It has to begin with a desirable price entry and followed by effective closings that minimize the chances of a loss and maximize the profit potentials.
Most manual traders are prone to impatience for actions that result in poor trade entries and premature exits.

The best way to prevent a good trade from turning bad is to automate your trading.
You will no longer have the urge nor the chance to trade indiscriminately.

Why just trend trade when you can also trade the ranges?

Sorry your browser is uanble to show this video.

Please visit http://www.facebook.com/video/video.php?v=10150161603809501 if you have problem viewing the video here.

Risking only 0.05 lots per trade, one of my EAs makes $400 with just 8 trades from 1 Jan to 17 April 11 trading on EURUSD Daily in the Fxprimus' Strategy Tester.
This $400 profit is the equivalent of a gain of 800 Pips ($400/$10 a Pip/0.05 lots per trade).

This video proves that there is no need to lose more often albeit smaller amounts to win big in trend trading.

Turtles and Turtle Soup



While trading on breakouts like the Turtles offers the traders the opportunities to huge profits by riding the trend, the problem is that the market ranges more often than it trends!

It also takes a lot of nerve for a trend trader to want to continue to ride the wave with huge stop losses and not knowing for sure when the trend ceases.

As can be seen from the chart, prices tend to bounce off between the support and resistance levels.
Since the market ranges 70% of the time, this implies that the Turtles' trades are being stopped out i.e. become Turtle Soups, 7 out of 10 times!

Therefore, it makes sense to trade the ranges by Buying at the Bottom and Selling at the Top, and letting the profits run when the market decides to trend at price breakouts.

Trading the ranges can also catch the very start of a new trend when the market reverses by letting your remaining lots ride the wave up or down.

It is also statistically favorable to trade the ranges than the trends!

What is a sound trading plan?

My definition of a sound trading plan is a system that can adapt automatically to changing market conditions.
Since the market condition is either ranging or trending, the range or trend traders will be in trouble when the market condition persists and is not in their favor.

To profit consistently, our trading system must be able to identify and react correctly to changing market conditions.
A potential change in market condition usually occurs at or near support and resistance levels.
Reacting correctly to price patterns at these action areas will provide us with an edge in our trade entries and exits.

More importantly, we must prioritize the conservation of our capital over the potentials of our trading profits to stay afloat in trading.
If we can lose little and win big consistently in our trading, we cannot fail but to profit from the market, in the long run.

Automated Trading

Although it is possible to stay around to manual trade successfully with high probability trade entries, it can be tedious and stressful to manage the trade efficiently and effectively thereafter...
An EA or trading robots can be programmed to automatically:

bullet

identify the supports and resistances

bullet

determine the lot size to trade

bullet

wait patiently for the high probability trade entries

bullet

adjust the trailing stops

bullet

taking the partial profits along the way if necessary

bullet

closing the trade when the price reverses

All of these, without the emotional struggles of the fear of losing and the greed of winning.

Please contact me if you would like me to help you to automate your winning trading rules for FREE.
You are welcome to sign up and fund your live account at
to get started.

More on High Probability Trading and Price Action Trading...


Partner FXPrimus

FXPRIMUS wins award for Most Trusted Broker at MENA 2015 Forex Expo, Dubai.

Why just trade when you can also earn residual income and rebates for your trading?

Increasing number of Individuals, Corporate Traders, Money Managers and Website Owners have already opted to become our traders and our partners in this $5 trillion daily turnover Forex market. 
As an individual retail trader at FXPRIMUS, you experience a level of fund safety, trade execution and service quality that is normally reserved only for large, institutional investors.

We welcome you to now to enjoy the same advantages as the institutional traders and expand your income potential while offering your referred clients one of the highest available level of service and support.
Please ascertain your eligibility in your application and that the Referral ID is 374 during your signup. Thank you.

Automate your Profitable Trading for FREE?

Would you like to trade with your very own EA?
We have helped several of our traders to become more productive by automating their profitable trading rules for FREE.

Free Video Training and Tutorials

Simply open a free Practice account or Live account and get free access to more than 40 video tutorials for beginners and advanced traders.

Sign up for a Live Account and have it funded...

OR Begin with a FREE Practice Account Today

and it would be our pleasure to share knowledge and tips on trading and automation with you. We are successful only if we can help you to succeed in your trading.

Unlock the business potentials of online trading today!

   

Consume, Share and Get Paid with Atomy

Get S$45 off your first room booking
Withdraw cash without
an ATM

Image result for skrill debit card

Earn up to €100 for each friend you invite to Skrill.

Get $25 when you sign up @Payoneer with my link. Available to over 200 countries worldwide!

The Future Currency...

Cost-effective and user-friendly phone apps for the frequent travelers

Online Shopping for Hot Deals and Best Sellers

No office, no boss.
Make money with your own or rental car

Claim a FREE Ride with Uber

We want to give you S$10!
Sign up now and start shopping at HonestBee.

Everything you need to sell tickets and manage registration for any kind of event

Refer Friends,Get RoboForm Everywhere Free

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