all right so this is the current tradeI'm in this is the Aussie Franc I'm trading on the h1 timeframe and this isa setup which I took over here you can see this was the trigger candle it's abullish pin bar so the moment it appear I put my buy order right just above thehigh of the candle all right two pips above the high of the candle plus the slight spread so it's about three pips above the high of the candle and stop loss usuallythree pips below the low of the candle but I put the stop-loss a bit lower soI've got at least roughly about 1.
5 ATR okay so this is my one R distance inthis case and I'm targeting for this particular trade about 1.
4 R and you cansee that it actually almost hit my profit target miss by a fraction of apip and now it's coming back down again so you know tradings like that youcan't get frustrated you can't say I'm done right no worries I just leave itand usually when I'm trading I adopt fire-and-forget approach I just leaveit and let it hit the profit target or let it go back and hit the stop-loss rightso I take each trade as a random outcome I don't get emotional affectedthe only reason I'm looking at it is because I'm showing an example inthis tutorial but usually my trading I don't look at it so I don't get upsetwhen I see that it you know it touched my profit target and it did not triggerbecause it missed by just one pip and it's going back down it's fine rightthat's that's life right so why did I take this trade well again it all startedwith the currency strength meter over here you can see I was looking at the H4time frame and the Australian dollar is green and the franc is red right whichmeans I I want to sell the franc and buy the Australian dollar so I go long theAussie Franc and then I look at the lower time frame which is H1 in order totake the trade to look for the setup so over here you can see the setups overhere right first of all on H4 you can see that the moving averages are allaligned very nicely all right so the 6 is above the 1818 about the 50 and the candles are nicely in an uptrend then I scroll downto the H1 and see that same moving average sequence 6 18 50 all align insequence and I'm waiting for that trigger candle so like I mentioned thatwas a trigger candle which is the bullish pin bar so once I saw that Iplace a buy stop order just above stop-loss below and profit target thereand wait for it to hit the profit target or the stop-lossright so right now this is an ongoing trade you can see over here right sothis is the current P&L I've got another trade going which is another shorttrade that's a bit negative right now but it can turn positive any time I'vegot another trade waiting right here so you can see that this has been a prettyprofitable strategy you can see these are the recent close trades I tookso these are the recent profits and this actually started in the monthof September okay this was a trade which I just hit the TPjust took profit on New Zealand Franc this was also a buy order let me just show itto you right there it was so I just took profit on this one as well okay so youcan see this was I bought it at 6361 there about 6361roughly about there stop loss was 6345 roughly about 6345 yeahand my profit target was 6383 roughly 6383 almost there so this this one I was lucky right it hit my profit target justnicely and then I took profit over here and just came down right so for thisparticular trade you can see that my entry let me see if I can recall wheremy entry was yeah this was the one right so this is a bullish pin bar over hereokay so I saw oh sorry I didn't enter there I remembered where I enter rightnow give me a sec let me just make it bigger okay yeahnow remember I entered over here right this was the trigger candlebecause this is a bullish engulfing candle right can you see the bullish engulfingright so once I saw the bullish engulfing I place my buy orderabove the high of the candle three pips above well two pips plus the spread I put my stop-loss right below there roughlyabout 1.
5 ATR okay and this was my 1R distance and I targeted 1.
4Ras well for this one I was not that greedy okay so initially you can seewhen I first got in right it triggered my order here it went down initially italmost hit my stop-loss and then boom it hit my profit target right so it ain'tover till it's over it ain't over till the fat lady sings sometimes you can get a tradealmost hits the stop loss and hits the TP you're in sometimes you get in thetrade almost it's the TP hits your stop loss and that's life so don't worryabout how it gets there don't worry about the journey just it either TP orSL alright so this was a nice winning trade which I took just today just acouple of hours ago right so again this was on New ZealandFranc and again how did I find this again the currency strength meter you can see New Zealand was green andFranc was red right and I saw it on the H4 time frame so buy New Zealandsell Franc long New Zealand Franc I went to the lower timeframe on H1 tolook for a set up and there was a setup over here the nice bullish engulfingpattern buy order stop-loss and hit my profit target so there we go so that's howyou place a long trade for the trend Rider strategy alright so you can seethat the trade just hit the profit target it was going downinitially and now it has hit the TP so another winning trade for the day alright so with this take profit overhere can see Aussie Franc was the TP we hit that TP over here and I just had alosing trade as well so again we're gonna have winning trades and losingtrades as long as our winning trades exceed our losing trades will beprofitable in the long run right and for today I – two winning trades and a losingtrade over here alright and for the this is just let me see this is the nine ofSeptember just beginning the month and you can see that for the month ofSeptember so you can see for the month of September roughly up about 8Rfor the first nine days so let's hopefully we can end the month positivefor this month as well so if you want to be the first to get my next video onyoutube do click the subscribe button right now if you wanna check out myonline courses go onto piranhaprofits.
com where you can enroll in ourprofessional Forex Stock trading Options trading and value momentum investingcourses we're gonna learn how to trade like a professional and generate anincome anywhere in the world if you would like to come to Singapore to attendmy live classes wealth Academy go on towealthacademyglobal.
com This is Adam Khoo and may the market be with you.
