Most PROFITABLE and CONSISTENT Forex Trading Strategy (2020)
Most PROFITABLE and CONSISTENT Forex Trading Strategy (2020) - What's going on
traders welcome back to the FX 220
YouTube channel
this is Usama expert Forex trader mentor
and I am back at you again with a new
video about the trade that I took today
I just took this trade it smashed
through the take profit and we will
analyse it as usual and give you exactly
why they take this trade and the
confirmations behind it and everything
so looking at the pound yen we've had a
bit of a downtrend we clearly have the
market being in a downtrend creating all
these lower lows lower lows lower highs
lower lows we have our .
Most PROFITABLE and CONSISTENT Forex Trading Strategy (2020)
Most PROFITABLE and CONSISTENT Forex Trading Strategy (2020)
EMA's crossover
and we had this trend line which is a
major trend line that can be seen on the
4-hour chart and the daily chart we have
this trend line broken and if you can
see this our famous breakout retest
continuation pattern it's like the
here's the breakout here is the retest
and book continuation so this is also
can be called an ABCD pattern when you
have a here B here C here and D would be
our target so this is one confluence
about this starting at the European
session right after the Asian session
ended we had some news releases that
made the market spike to the upside
notice here some false moves to the
downside some people would go short here
but this is not a valid pattern yet so
you have to be patient and wait for the
market to present you your valid pattern
so this is exactly what happened here
market went to our 200 EMA created for
us a beautiful perfect information this
is exactly how a perfect textbook
information looks like and from then we
waited on to the open of the New York
session notice here how market pulled
back and gave us a little bit of a small
stop hunt to stop the people that went
down they say from here and
desktops i've always explained in my
videos
the false move that always
happened during the start of NY session
and this is exactly what happened today
it's like a stop hunt false move and
then book this was our confirmation
candle and if you also analyze if you've
wanted to take an entry here if you
analyze the correlated bird around this
time there wasn't any strong correlation
okay so we had a confirmation candle but
the correlation was not the best so I
was I was looking around it here I was
going to take an entry here but I simply
waited I said the the JPY
crosshairs were not like falling
massively or something it's like the yen
had a lot of
bit of weakness around this
time and then after the New York session
after the start the yen strengthened
more and showed us more strength and
this is exactly where I entered so I got
a little bit a little bit late due to
some spreads and I got a late entry but
it's still it's much to take profit that
market went for a lot more the free
count days let's say from entry to here
this was fifty four pips so great great
trade absolutely amazing so we had our
perfect pattern formation we had another
confluence here the EMAs and the broken
trendline we we had an ideal entry we
had let's check out the correlated pairs
and see how the pound was doing around
that time on and again so if you checked
let's say euro JPY at the exact same
time of our entry what was in the middle
of this candle 2:30 p.m. yes we had our
confirmation candle here also and the
euro was phone in this indicates for
us
that there is some significant strength
on the end this is what made the euro
fall
we can check out all the other parents
as well same thing downtrend moon CHF
JPY let's check out CAD JPY
the same thing at the start of New York
session we have a downtrend with the EMS
crossover and everything and we did JPY
the exact same thing it's falling and
the DJP I was phone and we still didn't
have an image crossover but it was phone
and strong so we had like a confirmation
on on five or six of the pairs the JPY
crosses that that they're all we're
falling which indicates for us that the
bound that the yen is strong for the
moment and as we always say we trade a
weak currency against a strong currency
so the yen is strong the pound was
falling was reversing massively as you
can see here and this is what made this
trade valid okay so this is how you
should look at it guys and this is how
you should analyze it keep things very
simple you just have to wait for the
pattern formation you don't
have to
watch the market for all day long just
watch the market around here I said okay
this is first leg then I went I've had
some stuff to do and then came back it
was around here so I had okay this is an
information we will wait for our ideal
injury so I had this entry but I did not
take it because as I said the
correlation was not very strong so I
came back again and around this start
here and I got the entry this is how you
don't miss any entries you just focus
and pay more attention when price is at
our key location which is the EMAs so a
lot of people ask me I mean how do you
not miss these setups and sometimes I
use a alerts as well so I was using an
alert here so when price price breaks
this level
it will notify me and this is
a way of doing things and sometimes you
just have to focus I mean when you see
price close to here just pay attention
and analyze before
you take your ventures analyze all the
correlation pairs and go through your
criteria and make sure you don't you're
not training against any levels or any
trend lines they will interfere with
your trade and the trade will be in the
money as usual so alright traders thank
you so much for watching I hope you
liked this video don't forget to Like
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I post all my trades here and so you can
check out the injury's check out the
confluences behind them and everything
you need to know
you will learn you'll basically learn a
lot if you just consume my posts here
and my and the content that I post so
until next time guys good luck and good
trading this is FX 220
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