6% Profit On US30 Using MTF Analysis (Weekly Trade Update)

While the long term trend for US30 index is still bearish, the momentum of the recent pull back was very strong. The momentum was confirmed by the Lazy Trend - "Blue" candles and the Lazy Strength indicator (at the bottom) which started to turn blue.

My short term trades last week were long bias with confirmation from hourly trend below.

Total trades: 4
Profit: 3
Loss: 1
Total Profits: 6%

Comment:

On the hourly chart, the short term bull trend was confirmed on 15 Jan with alignment from all Lazy Trend Indicators.

Comment:

All trades were entered based on Lazy Trend signals with 5% maximum risk on each trade.

Trade 1
Entry: 23946
Stop Loss: 23857
Trailing Stop Hit: 23985
Profit: 2.2%

Trade 2:
Entry: 24019
Stop Loss: 23943
Loss: -5%

Trade 3:
Entry: 24088
Stop Loss: 24037
Trailing Stop Hit: 24144
Profit: 5%

Comment:

Trade 4:
Entry: 24116
Stop Loss: 24052
Trailing Stop Hit: 24269
Profit: 4.1%