How To Make 100 Pips

The trade setups that usually work out for me usually have at least 3 components, supply or demand, profit potential and an engulf (though usually more than one engulf). When all of these things come together, successful trades often run for over 100 pips. Here's an example of a recent one.

Before

The EJ trade in question was highlighted and posted in the members area beforehand as are other trading opportunities. You will clearly note the 3 essential components in the images below; the H1/30m demand level, the profit potential and the engulf to indicate that buyers are indeed now in control.

2014-11-24 EJ Long H1

2014-11-25 EJ Long H1

Entry

Entries with this particular method require an engulf on the 5m from the H1/30m level and the demand level in the image below was also pre planned as you will see from the time stamp.

2014-11-25 EJ Long M5

Exit

When price reached one of the supply levels it engulfed the closest 5m demand level so it was time to exit.

 

2014-11-25 EJ Long M5 v02

 

2014-11-25 EJ Long M30

Direction

This trade was also away from a daily demand level which I believe is very important when trading.

2014-11-24 EJ Long D1

This trade netted over 100 pips as do many of the longer term setups.

I hope you found this useful.

Happy Trading

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