Simple way to trade a long downtrend

Simple way to trade a long downtrend 300 169 Minimalist Trading – Best Trading Indicators for TradingView

Simple way to trade a long downtrend

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Introduction

Today we’re looking at another trading setup using our technical indicators, which are considered to be among the best indicators for TradingView. In particular, we’re using the Advanced Signal Bars in combination with a simple moving average.

With just two technical analysis indicators we perform what could be considered the best forex strategy for consistent profits, at least for beginner traders which don’t have too much trading experience. So, if you’re looking for some sort of forex for noobs setup or strategy, you should definitely check this out. Of course, this profitable setup is not only a valid starting point for novice traders, but it’s a solid strategy for each trader who likes to keep things simple.

Trade setup – 1 Feb 2018

By looking at the price action, it looks like we are at the beginning of a downtrend.

Moreover, we have a confirmed setup because:

    1. The price is below the 54 Moving Average
    2. The price just broke down the green horizontal line drawn by the Advanced Signal Bars

Because of this, we place our order with a 1:1 Risk-Reward.

Trade update – 1 Feb 2018

Simple way to trade a long downtrend Setup 2

This trade was very fast and within a few hours, we got our 1x return.

It now looks like the price will continue to move lower since it has made a very long down candle and the moving average is now turning to the downside.

Trade update – 2 Feb 2018

Simple way to trade a long downtrend Setup 3

The price is indeed continuing to move down and we just got involved in a second trade.

Trade update – 5 Feb 2018

Simple way to trade a long downtrend Setup 4

This second trade has been slightly longer but rather fast as well. The price is just falling and so we should expect even more opportunities.

Trade update – 5 Feb 2018

Simple way to trade a long downtrend Setup 5

We got a third one so we just got involved with the same 1:1 risk-reward strategy.

Trade update – 6 Feb 2018

Simple way to trade a long downtrend Setup 6

And even this one has been very quick which should not be a surprise considering that we can now confidently say that we are in a major downtrend.

Considering the price action, we should expect even more opportunities for this downtrend trade.

Trade update – 7 Feb 2018

Simple way to trade a long downtrend Setup 7

After some tricky candles, we clearly got a fourth trade setup so, once again, we just execute the same easy forex strategy that we used so far and which already earned us a 3x profit.

Trade update – 8 Feb 2018

Simple way to trade a long downtrend Setup 8

Unfortunately, we’ve been stopped out in this one but probably it’s just that we’ve been unlucky because the price is moving sideways, which should indicate a further downward movement continuation.

Trade update – 8 Feb 2018

Simple way to trade a long downtrend Setup 9

After just a few hours we have yet another trade setup so we just got involved in the fifth trade.

Trade update – 9 Feb 2018

Simple way to trade a long downtrend Setup 10

This time the trade was a winning one. What an amazing downtrend!

Let’s just wait and see if we can get more because the price is pretty far from the moving average and so it could just continue to move down.

Trade closed – 12 Feb 2018

Simple way to trade a long downtrend Setup 11

After a couple of days, it looks like the major downtrend is over.

In the end, by following this easy forex strategy, we successfully traded the downtrend all the way down with four winning trades and just one losing trade in which we’ve been particularly unlucky. The final net profit of 3x tells us that we have one of the safest and overall best fx strategies you could ever exploit during a long trend.