A frequent Trading Setup (that happens Daily)

A frequent Trading Setup (that happens Daily)

A frequent Trading Setup (that happens Daily) 300 169 Minimalist Trading – Best Trading Indicators for TradingView

There are trading setups that form once in a while and setups that happen systematically like the case of the very frequent trading setup that we discuss here.

First, the bad news:

Rare trading setups usually offer bigger profits…

But here’s the deal.

What if you know one frequent trading setup that can generate nice profits on a daily basis?

Yes, because you’re about to learn one of the highest probability trading setups that occur every single day on different assets, like stocks, forex, crypto, and more.

Moreover, once you learn the trading strategy that we build around it, you will be able to exploit it for scalping, day trading, swing trading, and even position trading.

Basically, we look for a breakout (in this case, a breakdown) of a consolidation within a bigger trend.

Then we simply look at our indicators for the confirmation of our technical analysis.

By doing so, we maximize the chances of being correct because we get into a trend continuation and we exploit long-validated technical indicators like the Breakout Pivotal Bars, and the Sentiment Index.

Trade setup – 9 Apr 2018

This trading setup happens daily Setup 1

In the coming hours or days, we might get an interesting setup on this TradingView chart.

What we are interested in is a trend continuation to the downside if our indicators will confirm the setup.

First of all, we need a breakdown of the consolidation that we’ve identified, then we can check what the indicators tell us.

Trade update – 9 Apr 2018

This trading setup happens daily Setup 2

We have the setup and it’s confirmed both by the Breakout Pivotal Bars, which broke the consolidation down with a red candle, and the Sentiment Index, which broke down its trendline at the same time.

We set the stop loss just above the current candle because we’re expecting an impulsive move to the downside, so the price should not come back up from the current level.

To set the target, instead, we simply project the previous impulse to the downside, starting from the highest point in the consolidation which just got broken.

Trade update – 10 Apr 2018

This trading setup happens daily Setup 3

The price is moving down nicely without any issue whatsoever.

Trade closed – 10 Apr 2018

This trading setup happens daily Setup 4

After just one more candle we were able to close the trade for an almost 2.3x return.

As we expected, we ended up closing another profitable trade that played out very smoothly until the price reached our target.

Once you learn how to trade breakouts in forex with this very frequent trading setup and the fx strategy that we developed around it, then you realize that the market offers very similar trading opportunities each and every day.

But now we’d like to hear from you!

Are you able to consistently trade similar opportunities each and every day?

Or maybe you have a big set of different setups that you trade occasionally?

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