A Quick Trade with almost 3x Profit (Fast Price Action)

A Quick Trade with almost 3x Profit (Fast Price Action)

A Quick Trade with almost 3x Profit (Fast Price Action) 300 169 Minimalist Trading – Best Trading Indicators for TradingView

Sometimes you open a trade and it takes very long… other times it’s just a very Quick Trade.

How could that happen?

There is one essential rule in trading that you must learn.

The market can always do whatever it wants, whenever it wants. 

So, sometimes, you can be lucky and get involved in a Quick Trade.

Literally, you open the trade, and way faster than you expect, it’s already closed (with a profit, hopefully!)

It is what happened in the following live trade.

We did our usual technical analysis on the TradingView chart, we opened the trade, and then…

The Price Action did the rest, making a very sudden movement that hit our Trading Target.

Trade setup – 19 Apr 2020

One quick trade with almost 3x profit Setup 1

The setup is very similar to many other setups that we usually trade. In particular:

    1. There’s a divergence between the price, which is pretty much flat, and the RSI Exhaustion, which is going down significantly
    2. The RSI Exhaustion is bullish exhausted
    3. We have a confirmed top (displayed by the Bottoms Tops Signal)

We then set the stop loss and the target levels by exploiting the Levels and Zones indicator.

Trade closed – 19 Apr 2020

One quick trade with almost 3x profit Setup 2

The price went straight down and reached the target.

Well, it was a Quick Trade with almost 3x profit.

We barely had the time to open the trade that it was already closed.

And except for being precise with our TradingView indicators, this profit didn’t take too much effort.

It’s very nice when this happens, so let us ask you, did similar trades happen to you in the past?

Let us know by commenting on the YouTube video above!