The Best Reversal Trades For The Upcoming Week

Hi traders, what’s up! 👋 After a semi-holiday week in Kyoto, ⛩ I’m back in Tokyo and ready to rock the charts again! 🔥

 

This week, the Trade Advisor students have received 16 (!) setups and some of them are real beauties! Many of them are on the 4H charts, but there are trading opportunities on the 1H and daily as well, so there’s something for everyone!

 

In order to show how the Trade Advisor students and I trade, I wanted to share a few of those setups. Feel free to use these reversal setups as inspiration on what to trade next week 😊 But enough talk, let’s get started!

 

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Some Setups For This Week (+ Trade Review)

Hi there, traders! Last week was a bit slower than usual. Friday was basically a day off due to Good Friday holiday and most of the setups played out on the 4H and daily timeframes.

 

This made for a more relaxing trading week and even though the number of setups that materialized was a bit less, we were still able to find some trading opportunities to get a decent enough result.

 

 

Last week, I had three winning trades and a few smaller losses. Due to my habit of cutting losses fast, I still ended the week positively with a 2.38R profit.

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How To Use Custom Timeframes in MetaTrader

As a swing trader, I’m traditionally trading setups on timeframes like 1H, 4H and daily. In the past couple of months, however, I’ve changed my approach a little and will often trade other time frames such as 2H or 8H too. My Trade Advisor members have seen and used these custom timeframe setups to their advantage many times.

 

The reason is that sometimes, a setup is just too granular to be traded on the 1H charts but too coarse to be traded on the 4H charts. The same goes for the 4H and daily timeframes: sometimes, a setup just looks the best on the 8H charts.

 

8h charts

The trend on the 8H chart (left) looks much nicer
and respects the moving average better than the 4H chart (right).

 

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Four Setups To Trade In The Upcoming Week

Hi traders! 👊 Another week has passed and we’ve rolled over into March already. Time flies! We had a good number of setups that triggered early in the week and the rest of the week was a bit quieter.

 

That’s just part of being a trader, you can’t always choose the opportunities that come along! I just continue to execute my trading plan, besides having a good coffee in one of Tokyo’s bars  😉

 


Every weekend, my Trade Advisor students get a list of all of the setups from my personal watchlist for the upcoming week. This week, I’ve sent out 14 setups, spread out over the 1H, 4H and daily timeframes, so there’s something for everyone!

 

As we go into a new week, I wanted to share some of those setups with you and give you an insight into how I trade. Let’s get started!

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From Trading Hypothesis To Trading Strategy

 

How do you know that your trading strategy really works?

 

 

If it took you more than 2 seconds to answer this question, read on.

 

When you start trading a new strategy, this question can be challenging to answer. You might have trading rules but because you’re not sure about your edge, your confidence in the strategy will last until you get your first couple of losers.

 

All of a sudden, you question everything.

 

Did this really work to begin with? What if I was just lucky?

 

Let’s fix this.

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Reversal Trading: 5 Practical Entry Strategies

 

Am I entering too early?

 

Is this a good enough signal to enter this trade?

 


 

If you’ve been trading for more than a week, you’ve probably asked yourself these questions multiple times. How do you accurately determine when to enter? While things like trade management, exit strategies and discipline are also big contributing factors towards your performance, picking a good entry point will increase your chances of having a winning trade on your hands.

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review CHFJPY-1H-short 2

How Last Week’s Trades Resulted In A 10R Profit

Hi traders 👊 Trade review time! 🔥

 

Because I enjoyed sharing my trading review for the first week of the year, I decided I would just do the same this week! 😊 I believe it can help people get some insight into how I trade, how my trade management style is and how a solid trading process and execution can lead to consistently good results.

 

This post is an excerpt from the weekly Trade Advisor members outlook. I always do a review of the setups I discussed the week before since it’s useful to show my trading style and – more importantly – it’s a good way to keep myself accountable of what I do. Of course, our members got all of these setups a week earlier so they could trade and benefit from the same setups and trades as I did.

 

Please note that I only review the trades that triggered. All of the setups that didn’t cross the trigger levels I indicate in my outlook, are left out. Additionally, I don’t just review the winning trades. If the trade triggered but then ended up in a loss, I will also list them here.

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Reviewing The First Trading Week of 2018

In this short post, I’d like to review the trades I took last week. I’ll show when I entered, how I managed them and how all of these trades have contributed to my trading performance for last week. Keep on reading to see if I could make a profit 😉

 

Note: This is an excerpt from the weekly forex outlook I’m publishing for our trade advisor members. Every weekly outlook contains a review of the past week since I like to keep myself accountable. Additionally, it’s helpful for members to exactly see which kinds of trades I took and it shows that the way I trade actually works.

 

Finally, I don’t just review the winning trades. If the trade triggered but then ended up in a loss, I will also list them here.

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USDTRY

Get To Know Your Charts

I often get questions from traders to check a chart they took a screenshot from. The first thing I do is look up the same currency pair in my own charting platform. Why do you think this is?

 

As a discretionary trader, I value my chart layout as much as the chart patterns I look for. For many traders, chart-based discretionary trading means finding things like support and resistance, candlestick patterns and trend lines. You discover patterns in how the price behaves. This is the basis of price action theory.

 

chart 1

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Patience

How To Find Ways That Will Help You Increase Patience

Much has been written on why we need to be patient in trading. Be patient to wait for setups. Be patient with your winners. Most of these writings are correct: a lot of money is lost by not being patient enough. FOMO is real.

 

However, no one hardly ever talks about how to become more patient! How do we discover our patience? That’s usually a big mystery.

 

That’s what I want to talk about in this article.

 

 

Patience Is Also A Form Of Action

– Auguste Rodin

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