In this video journal, I walk you through a nice bearish swing trade opportunity on the GBPNZD chart.
First I do that chart analysis and show my target area for bearish signals to form. Once the bearish signal forms, I show how I set up the trade and then manage it to profit.
I show some of the MT4 tools I use to make sure I don’t miss any signals that form while I am not watching the markets.
Enjoy the video, and I hope it does inspire you to give swing trading in the Forex market a serious go.
Great trade documentation Dale, really useful. Using alert indicators helps a lot!
Absolutely awesome trade! Thanks!! I’d love to see many more videos of massive swing trades just like this! The more we see, the more confident we get! 🙂
I have been watching this video for a while now hopping I will understand why did enter this trade where you u entered, because where you entered I didn’t see good trigger signal or you entered as continuation entry?. please can you elaborate your reason for entry.
Replying to: Patrick
The signal is shown at the 3 min mark.
Thanks for sharing… Nice trade!!
Thank you for sharing.
Thanks for the explanation.
Well done , that shows one need s alot of screen time in order to spot these setups , although it looks obvious now , some how didn’t spot that resistance and that’s where the trade kicked off after the rejection. good on you Dale , keep up the good work.
I’m really glad you posted this. I followed your weekly commentary on this and got in to this trade as well. I got out a bit before you did and it definitely helps to see your methods and how long you held on to this. I had only 1:5 whereas you had 1:13. I liked your showing how you got your stop loss on the 1 hr. as well. My stop was much larger.
Replying to: Xerkley
Thanks Dale may you find your next Confulence