+129 Pips Profit On USDCAD Trend Trade!
After yesterday's @FollowMyForex trend following strategy to buy USDCAD on the H4 chart price never looked back and just blew through our first and then second targets.
This is why our trend-following system will always be my personal favourite. When it gives a signal I always have so much confidence in the trade. You just know that you are getting on board with something that has major momentum left in the engine and the odds are always in our favor with this trade.
On average our trend trades last about 2 days if we take it from the H4 chart, but this one lasted no more than 14 hours and we had all our profits booked!
A commenter on the initial trade signal mentioned that he only sees downside from here which obviously wasn't the case. The lesson here is that if you have a proven professional strategy that you trade with that has a defined edge, you take each and every trade with full confidence, regardless of the scary uncertainty of what's going to happen next. You know that even if this trade results in a loss, if you keep trading this system you'll come out very profitable. And that's what it's all about after all, isn't it? Being profitable month after month, year after year.
Good luck out there and well done to everybody who took yet another profitable trade with us!
This is why our trend-following system will always be my personal favourite. When it gives a signal I always have so much confidence in the trade. You just know that you are getting on board with something that has major momentum left in the engine and the odds are always in our favor with this trade.
On average our trend trades last about 2 days if we take it from the H4 chart, but this one lasted no more than 14 hours and we had all our profits booked!
A commenter on the initial trade signal mentioned that he only sees downside from here which obviously wasn't the case. The lesson here is that if you have a proven professional strategy that you trade with that has a defined edge, you take each and every trade with full confidence, regardless of the scary uncertainty of what's going to happen next. You know that even if this trade results in a loss, if you keep trading this system you'll come out very profitable. And that's what it's all about after all, isn't it? Being profitable month after month, year after year.
Good luck out there and well done to everybody who took yet another profitable trade with us!
USDCAD Buy 7 Aug 2019 04:56:25.367 1.32171 1.33042 87.1
USDCAD Buy 6 Aug 2019 17:46:34.008 1.32170 1.32595 42.5
Total: +129.6 pips