10/16 Analysis: Accurate Timing Reduces Risk & Increases Win Probability
THIS IS A RE-POST FROM 9/10/15
Today, looking at the London market there were no good opportunities right at the open but if we fast forward just 4 minutes into the session, we see the above pattern.
The AUD (orange line) is strong with a steep line to the far right indicating current momentum in the market.
The JPY (yellow line) is weak and showing the same steep line. In fact, it’s this cone shaped divergence between the two currencies that makes for a high probability, low risk trade set up using a market order.
- AUD/JPY BUY
From the moment you see that pattern on our indicator, price went up over 55 pips. The real benefit is look at the timing of this trade, you would have grabbed quick profits just 20-25 minutes after entry.
When you watch the entire video analysis, I’ll show you an additional trade that was profitable today.
You can see that our Currency Strength Indicator is an effective tool for picking out the highest probability, lowest risk trade set ups while avoiding market conditions that aren’t favorable. If you keep using this tool every day along with our daily Forex analysis, you will increase your win rate and be on your way to becoming a profitable trader long term.
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