When 500 pips can be made this way, I want to trade every day
I want to share my 500-pip winning ‘feeling’
I have been trading forex using Tflow® method for about 2 years already. As a person who aspired to trade since university a decade ago to attending Tflow® Free Seminar, to attending Tflow® Course and then trading full time now, I’m still amazed by the pips that Tflow® continues to achieve.
Recently we encountered trade setups which led to big moves 400-500 pips.
I would just like to share my thoughts and feelings during this particular ride of the USDJPY.
I used to tell myself that I have no time for this, no time for that… now I realise that I had such a put-it-off mentality because I did not have a money-making method and an achievable goal. With Tflow® method to trade forex, I wish the market would operate every day including Saturdays and Sundays. Making money trading like this is not work anymore, I feel great, I don’t dread the market, there is nothing else I want to do except trade.
Predicting Price Target
In BP Class, we learnt about predicting potential price targets and also analysing if a trade is still feasible for entry.
We can see that following the bullish expansion on the weekly chart it is logical to assume a buy for USDJPY on the higher time frame. Following that period of consolidation over some months, using equidistant channel technique emphasised in 4M and BP support class, we began to project our ultimate target 109 area, while USDJPY was still trading around 104 then. Of course it may seem not realistic at that point in time, however, we just have to psych ourselves that this target can be reached.
Entries and exits
Following the H4 bullish expansion , the first entry was made in the orange circle via the tried and trusted 1234 pattern. Keeping in mind the ultimate target of 109, I’ll also be watching out for the historical high region of 105.30-50 . Took half of the orange positions. Why not all ? Purely because of the crazy idea that Binni implanted in this blog posting on USDJPY. She said it could go to 109.
If you can’t access the USDJPY link, that’s because it’s only available for Tflow® students. Learn how to be a Tflow® student.
Not always do we have a big pattern that confirms so beautifully, I stuck to my plan. I added a second position before FOMC meeting, around 107.30-40 region via the blue circle thanks to the timely reminder by Binni via tweet (below) as always. The rest as we can say, is history.
— TerraSeeds FX Tflow® (@terraseeds) September 17, 2014
What I think about this trade
During the ride from 105.5 till target price at 109 region, I was stressed because profit was moving up and down with price? One good way to tide through this was not to look at the chart too often, more importantly not to look at the profit segment too often TOO! (Maybe once a day haha ) and basically just keep telling myself.
A. Big pattern weekly 1234, 13TL broken, valid 1234 up. Should see the resultant move via the equidistant channel projection 109 region.
B. Bullishness shown all the day candles, never once did it close below any day candle lows.
C. If Binni is seeing the same target, major boost of assurance.
When all else fails, I look at the sky.
I’m not the only student with winning pips
Just look at the size of those winning pips in the tweets embedded in this post.
I want to trade every day because this method makes money
I used to tell myself that I have no time for this, no time for that… now I realise that I had such a put-it-off mentality because I did not have an achievable money-making method. With Tflow® method to trade forex, I wish the market would operate every day including Saturdays and Sundays. Making money trading like this is not work anymore, I feel great, I don’t dread the market, there is nothing else I want to do except trade.
Remember to register for the coming free forex seminar if you are interested to build a skill. I recommend everyone who wants to make more money talk to Binni and her team and ask these questions:
- How can I trade forex?
- Is forex trading suitable for me?