Live trading

Don't miss great short setups like this one Thumbnail@300w

Short Selling setup (How to build it right)
Short Selling setup (How to build it right) 300 169 Minimalist Trading - Indicators for TradingView
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Short Selling can be scary, but when done correctly it’s just any other regular trade.

Typically we’re short selling stocks but today’s opportunity (discussed below) is on a Forex pair.

Is there any difference?

Not really because the principle of short selling is exactly the same.

And most importantly, the same short selling setup is valid for stocks, forex, crypto, or any other asset that you want to sell.

The trading indicators for TradingView that we’re using today, combined with rigorous chart analysis, clearly suggest that we can open a short position.

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Trade setup – 15 Apr 2019

Don't miss great short setups like this one Setup 1

We have a potentially great short setup because:

    1. The price is moving sideways  (it’s pretty much at the same level), while the RSI Exhaustion is going down. It means that we have divergence and the current price level is not sustainable.
    2. The RSI Exhaustion is bullish exhausted (colored green), which means that, considering the overall setup, the price doesn’t have too much room to move higher.
    3. We have a confirmed top, which is a sell signal

We just need to pay attention to the fact that the price is currently above a support level, but it looks rather weak because it started as a resistance.

Moreover, it was previously an even higher resistance.

This means that the price is being pushed down!

The trading target will be all the way down to the major support level at the bottom of our TradingView chart.

The setup is clear and the trade is a high probability trade.

If we got it right, then the return is going to be 6x so we must remember to stay rational throughout the whole trade because it might get long, considering the big target.

Trade update – 16 Apr 2019

Don't miss great short setups like this one Setup 2

The price has moved lower and, most importantly, below the support, which has now turned into a resistance as we initially assumed.

Trade update – 17 Apr 2019

Don't miss great short setups like this one Setup 3

The price kept moving lower until we got a bottom, signaled from the Bottoms Tops Signal.

This bottom, however, is not sustained by any technical evidence and so we can ignore it because, probably, it’s not going to be a major bottom.

Trade update – 18 Apr 2019

Don't miss great short setups like this one Setup 4

The price is now lower and the RSI Exhaustion just became slightly oversold.

Considering it’s just slightly oversold and not even bearish exhausted we can expect that the downward movement in the price can continue without any big issue.

That’s because the RSI Exhaustion can now become way oversold and exhausted and remain in such condition for a prolonged period of time and, at the same time, the price can continue to fall.

Trade update – 21 Apr 2019

Don't miss great short setups like this one Setup 5

The RSI Exhaustion is now moving a bit higher and the price is moving sideways.

Nothing major, but for the sake of safety, and to maximize our profit, we move the breakeven level lower.

By doing so, we guarantee that our short position will end up with a profit.

Trade update – 23 Apr 2019

Don't miss great short setups like this one Setup 6

The price went even lower and we can now expect it to ultimately reach the target.

Trade update – 23 Apr 2019

Don't miss great short setups like this one Setup 7

A new major support level appeared which could prevent us from reaching the target.

We decided to stay in the trade but moved the breakeven even lower so that we will maximize the profit should the price continue to move against our target.

Trade closed – 23 Apr 2019

Don't miss great short setups like this one Setup 8

In the end, the price went straight down and reached our target.

Just as we initially predicted, the price eventually moved significantly lower.

This allowed us to close a winning trade for a total 6x profit, which is absolutely excellent.

This forex trade took a little bit of time which, however, was justified by the fact that we were aiming for a rather big Profit Target.

We traded safely throughout the whole trade by progressively moving down our breakeven level as the price moved down.

All this careful trade management, allowed us to close this short selling opportunity with a great return and without taking any big risk.

What about you? Do you feel comfortable shorting a stock or other assets?

Share your short selling experience by leaving a comment on the YouTube video above!

Master patience to trade like a pro Thumbnail@300w

Trading Psychology: Master Patience to trade like a Pro
Trading Psychology: Master Patience to trade like a Pro 300 169 Minimalist Trading - Indicators for TradingView
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If you ask a full-time trade to give you his best advice, it would be: focus on Trading Psychology.

You could use the best indicators in the world, but if you get emotional when you have a trade open, then you will certainly fail.

Why are we so secure?

Because you will end up making many psychological trading mistakes that will compromise your trading performance.

However, reaching a successful trading performance is not hard if you are really committed to it.

So how can you actually do it?

The first rule: work on your trading psychology and more specifically, learn to become more patient.

In fact, the desire for quick profits is, for the most, what turns an aspiring full-time trader into yet another losing trader.

In today’s TradingView chart we have a very great trading opportunity which we discuss below.

During the discussion, you can learn that great trading indicators are essential to identify and build a good setup.

However, it takes a significant experience in trading psychology to ultimately win the trade.

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Trade setup – 8 Apr 2019

Master patience to trade like a pro Setup 1

All the three conditions that we usually look for are checked:

    1. Divergence between the price (which moves sideways) and the RSI Exhaustion (which moves down)
    2. Bullish exhaustion in the RSI Exhaustion
    3. A confirmed top (displayed by the Bottoms Tops Signal)

Moreover, the price is currently below a major resistance indicated by the Levels and Zones.

Not only this is a fantastic condition for a high probability trade, but also, we can exploit the resistance to set our stop loss just above as be sure to be extremely protected both by the sell zone and by the resistance itself.

Setting the target is even simpler because, once again, we exploit the Levels and Zones and set it down where a major support is currently at.

Trade update – 8 Apr 2019

Master patience to trade like a pro Setup 2

The price moved lower and now it’s moving slightly higher after having formed a bottom.

However, the general outlook is still bearish and the validity of our initial technical analysis is absolutely intact.

Trade update – 10 Apr 2019

Master patience to trade like a pro Setup 3

It’s taking forever, but nothing has changed from a technical point of view.

We just need to stay rational and avoid getting emotional as most beginner traders do in these circumstances.

Trade closed – 11 Apr 2019

Master patience to trade like a pro Setup 4

It looked like it was taking forever, and then it made two very long down candles in which the volatility increased significantly.

It started as any other regular trade opportunity.

Then it turned into a rather long trade which made many beginners frustrated.

This is extremely evident by the price action which moved sideways for quite some time, thus finding many sellers at that level.

In the end, the price went all the way down to where we placed the target (if you’re interested you can learn How to set the Target right) and so we were able to close the trade with a 2.7x profit.

How would you manage a similar situation?

Would you get frustrated and close the trade or keep it open as we did?

Discuss and share your opinion with fellow traders by leaving your comment on the YouTube video above.

When to get an even larger profit Thumbnail@300w

When you can Increase the Profit Target (and earn more!)
When you can Increase the Profit Target (and earn more!) 300 169 Minimalist Trading - Indicators for TradingView
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Every time you open a new trade you need to set two levels: the Stop Loss and the Profit Target (or Take Profit).

Generally speaking, once you set those two levels, you have to stick to them until one gets hit.

And, hopefully, the Profit Target level will get hit more frequently than the Stop Loss.

However, there are circumstances like in the trade that we discuss below, in which you can increase your Profit Target and earn more, without touching the risk!

After performing a quick technical analysis using our indicators for TradingView, we identify a very clear and safe trading setup that is supported by a major level displayed by the Levels and Zones indicator.

So, we decide to get into this trade.

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Trade setup – 29 Mar 2019

When to get an even larger profit Setup 1

Bitcoin is in a general uptrend and we see a recent impulse followed by a very nice consolidation.

If the price can break the major resistance which is displayed just above by the Levels and Zones, and all our indicators will confirm the setup, then we might have a very great trading opportunity.

Trade update – 29 Mar 2019

When to get an even larger profit Setup 2

The price moved impulsively but gave us the perfect setup because:

    1. The price broke up the consolidation
    2. The breakup candle colored by the Breakout Pivotal Bars is blue (ideally we want it green, but even blue could be ok)
    3. The Sentiment Index broke up its trendline at the same time

As a reinforcing condition, the price is now above a major support indicated by the Levels and Zones.

This will play a huge role in pushing the price higher.

Trade update – 31 Mar 2019

When to get an even larger profit Setup 3

After a few days, the price is still far from reaching the target because it is currently below a major resistance that has formed.

However, if we look closely the price action, we see a clear buy pattern that the price is making and the Sentiment Index confirms the same outlook.

Let’s just stay rational and wait for the next upward movement because everything tells it should come.

Trade update – 1 Apr 2019

When to get an even larger profit Setup 4

The movement in the price and the Sentiment Index tells us that the pair clearly wants to go higher.

This analysis allows us to move the Profit Target a bit higher and round the potential profit to 3x.

Of course, to balance the risk out, and since we’re now above a new major support, we move the Stop Loss to breakeven so that, regardless of what happens next, we will not lose any money in this trade.

Our trading account is now well protected since we are in a risk-free trade.

Trade closed – 2 Apr 2019

When to get an even larger profit Setup 5

Well, the price just skyrocketed within one candle and hit our target level.

While the trade was open, our Trading Indicators and the whole price action were clearly suggesting that the price wanted to move higher and quite impulsively so we exceptionally moved the Profit Target a bit higher.

To balance the risk out we moved the Stop Loss to breakeven as well.

On the last candle of this crypto trade, the price made a very impulsive but rarely predictable movement to the upside, which allowed us to close the trade with a 3x profit, an even higher return than what we initially expected.

Have you ever closed a trade with a higher profit than you initially expected?

If yes, how did you do that?

Feel free to share your experience with fellow traders by leaving a comment on the YouTube video above.

Sell these Tops

SELL THESE TOPS (Trend Reversal Strategy)
SELL THESE TOPS (Trend Reversal Strategy) 300 169 Minimalist Trading - Indicators for TradingView
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If you want to understand when a trend is ending and take advantage of it, you need to have a clear trend reversal strategy.

Many traders spend so much time learning how to identify trend reversal, but then they fail.

The result?

They think it’s hard and they give up.

What’s the real story?

Identifying a major trend reversal is not difficult and profiting from a simple trend reversal strategy is possible for any trader.

In today’s live trade on our TradingView chart, we have a very great technical setup.

It is slightly compromised by the fact that we’re sitting above a support level, indicated by the Levels and Zones.

This means that the price might find a hard time moving down.

For this reason, we remain a bit generous with our Stop Loss, but apart from that, we trade our trend reversal strategy regularly.

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Trade setup – 26 Feb 2019

Sell these tops when you see them Setup 1

Apart from the fact that the price is above a support level, which might prevent it from moving lower, we have a great setup because:

    1. The price moves higher while the RSI Exhaustion moves lower, which means that they are in divergence.
    2. The RSI Exhaustion is bullish exhausted (colored green).
    3. There is a confirmed top (actually there are two very close to each other) displayed by the Bottoms Tops Signal.

We are forced to stay a bit generous with the stop loss due to the fact the price is above the support level, but apart from that, we trade the setup as usual.

Trade update – 27 Feb 2019

Sell these tops when you see them Setup 2

The price is finding a hard time moving lower but the RSI Exhaustion keeps going down so, eventually, we should see the price moving down as well.

Trade update – 27 Feb 2019

Sell these tops when you see them Setup 3

Here we have the downward movement which should continue considering the overall technical outlook.

Trade closed – 27 Feb 2019

Sell these tops when you see them Setup 4

If the trade started slowly, it then accelerated towards the second part and the price ultimately reached the target.

The 2.6x profit that we got is yet another confirmation that we are indeed using probably the best trend reversal strategy for consistent profits out there.

And, by the way, our trend reversal indicators don’t lie! 🙂

Do you like trading trend reversals as well? Or maybe you prefer trend continuations?

Let us know by adding your comment on the YouTube video above.

One example of a very safe trade Thumbnail@300w

Low Risk Trade (Trading for Beginners)
Low Risk Trade (Trading for Beginners) 300 169 Minimalist Trading - Indicators for TradingView
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One of the best ways to maximize profits is to look for a Low Risk Trade.

But what is a Low Risk Trade?

First, the bad news.

It’s not a trade setup that you learn and apply straight away.

Of course, you need a good trade setup, but then you need to learn how to trade safely.

Essentially, you need to learn how to reduce risk in trading.

Now, the good news!

In the live trade on TradingView that we discuss below, you can learn how to turn almost any trade into a Low Risk Trade.

Remember: it comes down to trade setup plus trade management.

The price action and our trading indicators are indicating that we have a low risk trade.

Additionally, we decide to trade it on the conservative side because further analysis suggests that a major resistance might prevent a bigger target.

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Trade setup – 1 Nov 2018

One example of a very safe trade Setup 1

The setup is very clear in this case. We have:

    1. A higher bottom (displayed by the Bottoms Tops Signal)
    2. A higher low in the RSI Exhaustion (which means that the RSI Exhaustion supports the price movement)
    3. Bearish exhaustion

The only concerning thing is that between our entry price and the expected target, there’s a major resistance level displayed by the Levels and Zones.

Such major resistance poses a potentially big problem in reaching the target because it is very likely that it will slow down and eventually stop the price as it approaches the sell zone and the resistance as well.

Because of this analysis, we set our target right at the resistance so that we dramatically increase the chances of being correct and we get involved in a very low risk trade.

Trading safely is the best way to go for consistent profits and, if we’ll get it right, then it’s going to be a 2x profit.

Trade update – 1 Nov 2018

One example of a very safe trade Setup 2

The price is moving rapidly towards the resistance.

Trade update – 1 Nov 2018

One example of a very safe trade Setup 3

A top appeared and the price is now moving lower, however, there’s no technical evidence that our setup is invalidated so we stay rational and stay into the trade.

Trade closed – 2 Nov 2018

One example of a very safe trade Setup 4

The price continued to move sideways for quite some time and within three candles went to the target allowing us to close the trade with a 2x profit.

Ultimately the price moved as we initially predicted, confirming the fact that a clear and simple chart pattern analysis is essential even with the best currency trading strategies.

Moreover, this win confirms that minimizing the risk in trading is the most sustainable way for consistent profits.

What about your experience with risk?

Do you typically trade safely or do you look for high-risk high-reward opportunities?

Share your experience by leaving a comment on the YouTube video above!

How to manage a breakup trade Thumbnail@300w

Breakout Trading: How to Trade Breakouts (for Beginners)
Breakout Trading: How to Trade Breakouts (for Beginners) 300 169 Minimalist Trading - Indicators for TradingView
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Do you know how to Trade Breakouts for consistent profits?

Knowing a breakout trading strategy that is profitable over time is what all traders want.

In the trade that we discuss below, we clearly explain how to trade breakouts and how to trade with the trend in an effective and consistently profitable way.

The best part?

Learning this breakout strategy is very simple and, once you understand how to trade breakouts, you will immediately benefit from it.

As usual, we start from our TradingView chart by using one of the best breakout trading indicators: the Breakout Pivotal Bars.

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Trade setup – 13 Sep 2018

How to manage a breakup trade Setup 1

On this GBPJPY chart on TradingView, we identify an impulse followed by a consolidation that is taking place.

This price action, usually anticipates a second impulse to the upside, about of the same size as the first impulse.

In fact, the Sentiment Index is getting more and more compressed towards the zero line, which indicates that the market participants will soon need to decide where they want this pair to go, either up or down.

Trade update – 13 Sep 2018

How to manage a breakup trade Setup 2

The Sentiment Index just broke to the upside, so the market participants want this pair to move higher.

At the same time, the price broke up the consolidation that we’ve identified and the breakup candle is green, all conditions that confirm our buy setup.

Trade update – 14 Sep 2018

How to manage a breakup trade Setup 3

The price is moving rather quickly to the upside which gives us the opportunity to move the stop loss to breakeven so that, from now on, we’re in a risk-free trade.

Trade update – 17 Sep 2018

How to manage a breakup trade Setup 4

A new resistance has formed, this is suggested by the Levels and Zones. It is a warning sign, but we are in an uptrend, so with enough time the resistance might turn into a support and eventually help us reach the target.

Moreover, we’re well protected by the breakeven level so we just stay into the trade because we know from past experience that, once similar setups form, it is very likely that they eventually reach the target, no matter what happens in between.

Trade update – 18 Sep 2018

How to manage a breakup trade Setup 5

The price broke the resistance to the upside and so it became a support.

Right now, it looks like it is retesting the support level and so we need to stay patient.

Trade closed – 18 Sep 2018

How to manage a breakup trade Setup 6

Ultimately, we got our 3.2x profit and, probably even more importantly, by closing another winning trade, we got yet another confirmation that these kinds of setups are very high probability setups.

During the trade, a new resistance appeared between the entry price and our target.

However, managed correctly, the resistance turned out to favor our breakout trading strategy and allowed us to close another winning trade with a nice profit.

Many times, when beginners traders learn how to trade breakouts, they build very complex setups that end up with many losing trades.

What we like to do, instead, is to use an easy but profitable forex breakout strategy that allows us to make a clear and simple chart analysis and to get consistent profits over time.

Of course, we like trading breakouts!

Do you like breakout trading as well? And in such a case, what’s your experience with breakouts?

Come share it by leaving a comment on the YouTube video above!

Should you close a trade before reaching the target? Thumbnail@300w

Should you close a Trade before the Take Profit level?
Should you close a Trade before the Take Profit level? 300 169 Minimalist Trading - Indicators for TradingView
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Deciding where to set the Take Profit level is often difficult.

But even if you set it right, many emotions during a trade make you question whether you should close the trade before the Take Profit level.

Luckily, there’s one simple general rule that always works.

In fact, if you believe that your technical analysis is correct, the price will ultimately reach the Take Profit level.

In today’s trading opportunity that we discuss below, after doing some technical analysis on our TradingView chart, we identify a clear sell opportunity.

However, almost halfway into the trade, some contrary signals appear.

Emotions start to suggest that we should close the trade.

But we do not, because we trust the indicators, and we trust the technical analysis that we made with them.

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Trade setup – 16 Jul 2018

Should you close a trade before reaching the target? Setup 1

This setup is very clear. In particular, we have:

    1. A significant divergence between the price (which goes up) and the RSI Exhaustion (which goes down)
    2. Bullish exhaustion in the RSI Exhaustion (it’s colored green)
    3. A confirmed top displayed by the Bottoms Tops Signal (always wait for the close of the next candle for confirmation)

Since the above three conditions are met, we place our order with stop loss a bit higher than the most recent highest level, and target all the way down to the major support displayed by the Levels and Zones.

Trade update – 16 Jul 2018

Should you close a trade before reaching the target? Setup 2

The price is still pretty much at the same level and we got yet another top.

We can see this formation as one single top, but the general idea is that we now have even more confirmation of our chart analysis.

Trade update – 16 Jul 2018

Should you close a trade before reaching the target? Setup 3

The price is now moving lower and the RSI Exhaustion is dropping like crazy which should indicate a further downward movement in the price.

That said, our target is still far away so we must stay rational and patient.

Trade update – 16 Jul 2018

Should you close a trade before reaching the target? Setup 4

The price is now halfway into the target and, since we like to trade safely, we move the stop loss to breakeven so that, starting from now, we’re in a risk-free trade and in the worst case we will earn a tiny profit.

Trade update – 17 Jul 2018

Should you close a trade before reaching the target? Setup 5

We got a couple of bottoms, but now the price has moved lower.

The bottoms were valid and the RSI Exhaustion was diverging and it was exhausted.

However, the setup was very tiny which is usually not enough for a major movement to take place.

In fact, even in this case, such a tiny setup didn’t have the force to push the price higher.

Moreover, since we are at breakeven, we maintained the trade open, and it looks like that now the price has restarted its downward movement.

Trade closed – 17 Jul 2018

Should you close a trade before reaching the target? Setup 6

Towards the end, the price just accelerated and moved very impulsively all the way down to our target allowing us to close the trade with a win and a more than 4x profit.

The trade gave us the opportunity to reflect on a situation that happens rather frequently, which is receiving contrary signals while the trade is still open.

So the question is legitimate: should you close a trade before reaching the Take Profit level?

In this case, we didn’t, but under other circumstances, it could be the best way to go.

The key thing is that you should always trust your indicators and the technical analysis that you make with them.

By doing so you can always be prepared to handle any situation correctly.

But what about you!

Do you always stick to your analysis or do you end up closing your trades too early?

Feel free to share how you handle your trades by leaving a comment on the YouTube video above!

See this amazing NIFTY trade Thumbnail@300w

Is this the Best NIFTY Trade?
Is this the Best NIFTY Trade? 300 169 Minimalist Trading - Indicators for TradingView
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Trading NIFTY is hard and getting the best NIFTY trade is even harder.

But what if you can have a clear technical view on nifty so that you can predict the nifty share price?

You can do it and be right in your nifty prediction by following one simple trading strategy that we explain below.

So let’s get to it!

We perform our nifty technical analysis on the nifty 50 index chart on TradingView.

The trading indicators that we use are suggesting that the current downtrend is not sustainable and a big upward movement should take place soon.

Of course, these trading indicators work just as great on all nifty 50 stocks.

But the opportunity that we have today on the nifty 50 chart is very great!

We get involved in this one and hope for the best nifty trade.

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Trade setup – 24 May 2018

See this amazing NIFTY trade Setup 1

We identify a very steep and constant downtrend on this TradigView chart, which is typically not sustainable.

What makes the difference, though, is that our trading indicators clearly suggest a buying opportunity.

In particular, the three following required conditions are met:

    1. The price and the RSI Exhaustion are in divergence (in fact, the price goes down, while the RSI Exhaustion goes up).
    2. The RSI Exhaustion is bearish exhausted (in fact, it is red).
    3. There is a confirmed bottom (displayed by the Bottoms Tops Signal).

When these three conditions happen together, there is a high chance of being in front of a great opportunity so we decide to take the trade and set the stop-loss and the take-profit.

In particular, we place the stop loss just below the most recent lowest level, while we exploit the major resistance drawn by the Levels and Zones, to set our target.

Trade update – 25 May 2018

See this amazing NIFTY trade Setup 2

The price started to move higher rather quickly and since a new major support appeared, we already moved our stop loss to breakeven.

This means that, even if the price comes back down, we won’t lose any money but rather make a tiny profit.

See how powerful this fx strategy can be? In the worst case, we make a tiny amount of money, and in the best case, we make a 4.5x profit.

Trade update – 28 May 2018

See this amazing NIFTY trade Setup 3

The price keeps moving higher rapidly.

The RSI is now bullish exhausted but it’s not even overbought so it might continue to stay exhausted for a prolonged period of time and become overbought as well, and at the same time the price should continue to rise.

Trade update – 29 May 2018

See this amazing NIFTY trade Setup 4

The Bottoms Tops Signal signaled a top, the price went down and the RSI went down as well.

Generally speaking, it’s not something really concerning because it’s only one top and there is no divergence at all between the price and the RSI Exhaustion.

Moreover, we are at breakeven, which means that we are extremely safe and so we stay in the trade. There’s simply no technical evidence to close the trade.

Trade closed – 31 May 2018

See this amazing NIFTY trade Setup 5

The price went even lower but then made a second upward movement and reached the target that we initially identified.

Ultimately we got a very profitable trade with a 4.5x return which we can easily call the best nifty trade that we had so far!

It was possible because we performed a very simple yet rigorous nifty technical analysis and then we executed the trade using the nifty 50 trading strategy discussed above.

By the way, if you’re interested in nifty trading view then you should Try our Indicators for Free since they are available on tradingview india as well!

But apart from this, what’s your experience with NIFTY?

Can you consistently be profitable trading NIFTY and, more in general, trading Indian stocks?

Feel free to let us know your experience by leaving a comment on the YouTube video above!

This trade took longer than expected Thumbnail@300w

Forex Psychology tips (in a long trade)
Forex Psychology tips (in a long trade) 300 169 Minimalist Trading - Indicators for TradingView
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What if you knew some Forex Psychology tips that help you control the emotions during a trade?

Because there are many common psychological mistakes traders make when they have an open trade.

And… guess what?

If you don’t work on your trading mindset, you will probably end up compromising your success.

The following trade opportunity is the perfect chance to share some Forex Psychology tips that we’ve learned in years of trading.

And when you learn how to improve your trading skills with a particular focus on the trading mindset, then you will become a more disciplined trader.

In this specific trade, we’re using the Breakout Pivotal Bars in combination with the Levels and Zones, and the Sentiment Index, which are all available on TradingView.

Except for a rather weird movement on the last candle of the impulse, by conducting our chart pattern analysis we see a very interesting price consolidation suggesting that the price should continue to move lower making yet another downtrend.

Moreover, all our indicators confirm the same analysis and so, as soon as the trading setup comes, we get involved in this trade.

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Trade setup – 23 Apr 2018

This trade took longer than expected Setup 1

The setup that is forming is clear even if it’s a bit masked by the weird price action towards the end of the first impulse.

Anyway, the Sentiment Index clearly suggests that the bearish sentiment is getting compressed and so it could well break to the downside and probably offer us a trade setup to the downside.

Trade update – 24 Apr 2018

This trade took longer than expected Setup 2

Here comes the setup that is confirmed by the fact that:

    1. The price breaks down the consolidation that we identified
    2. The breakdown candle is red (colored by the Breakout Pivotal Bars)
    3. The Sentiment Index breaks down its trendline as well

We set the stop loss above the breakdown candle and the target, all the way down where the projection of the first impulse ends.

Trade update – 25 Apr 2018

This trade took longer than expected Setup 3

It’s currently almost halfway into the target and we moved the stop loss to breakeven, which means that we are now in a risk-free trade.

Trade update – 26 Apr 2018

This trade took longer than expected Setup 4

The price continued to go down and barely touched the target before retracing a little bit. We must be patient because we know from experience that, when we have similar setups, there is a very high probability that the price ultimately reaches the target.

Trade closed – 30 Apr 2018

This trade took longer than expected Setup 5

Well, it took quite some time, but eventually, it reached the target and we closed another winning trade.

If you want to become a full time forex trader applying our Forex psychology tips can play a significant difference, like in this case where the trade took longer than expected.

It is in a similar situation when the real pro traders show all their skills and psychological strength by keeping rational throughout the whole trade.

Unfortunately, most beginner traders end up getting emotional and making irrational decisions contradicting.

Where do you stand?

Are you a disciplined trader or do you sometimes get too emotional?

Feel free to share your experience by leaving a comment on the YouTube video above!

How to trade a simple consolidation breakout Thumbnail@300w

How to Trade a Simple Consolidation Breakout
How to Trade a Simple Consolidation Breakout 300 169 Minimalist Trading - Indicators for TradingView
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If you’re looking to maximize your profits in a short time, then you need to focus on consolidations and wait for the consolidation breakout.

Why?

Because when a valid consolidation breakout occurs, the probability of trend continuation is very high.

This means that you can earn a significant profit in a relatively short time.

To this purpose, the Breakout Pivotal Bars (our consolidation indicator for TradingView) in combination with another great indicator that’s used in many profitable trading strategies, the Sentiment Index, plays a big role.

In fact, in the trade discussed below, we identify a simple consolidation breakout opportunity to the upside.

We then wait for the actual breakout to occur, and we simply execute the easy consolidation trading strategy explained below.

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Trade setup – 12 Apr 2018

How to trade a simple consolidation breakout Setup 1

The price action and the compression in the bullish Sentiment Index are suggesting that we might get a buying opportunity soon.

We just need to wait for the consolidation breakout to occur.

Trade update – 12 Apr 2018

How to trade a simple consolidation breakout Setup 2

Not only we have the perfect buying opportunity, but the price is now even above a major support indicated by the Levels and Zones.

This major support will help our trade by pushing the price higher and probably easily reach the target, which we set by projecting the previous impulse to the upside.

The stop loss, instead, is set below the last few candles that happen to be in the middle of the consolidation. This should be more than enough since the price is above the major support, which should prevent it from falling below.

Trade update – 16 Apr 2018

How to trade a simple consolidation breakout Setup 3

After a few days, we can say that the setup got a little bit compromised by the fact that the major support ended and a new slightly higher resistance appeared.

Unfortunately, the price was still too close to our entry-level and so we could not move the stop loss to breakeven but, by not getting emotional, we kept the trade open and closely tracked what the price was doing.

It turned out that it retested our entry-level twice, and then moved higher. Now it has even broken to the upside the resistance which has now turned into a support.

Trade closed – 17 Apr 2018

How to trade a simple consolidation breakout Setup 4

The new support helped the price reaching the target, and so the trade is now closed with a profit.

We closed the trade with a 2.5x return, which sits in the low-end of our traditional profits, but it’s very frequent to achieve with this consolidation breakout trading strategy.

But what about you.

Do you like trading breakouts?

And in such a case, did you learn how to avoid fakeouts?

Let us know but leaving your comment on the YouTube video above.

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