sRs Trend Rider Live Trade Example#1 EURUSD 21-03-2016
Currency pair: EURUSD
Time frame: 5M
Potential Profits: 10 PIPs
- The sRs Trend Rider Indicator (the dashboard on the top left corner) showed me a Conservative SELL signal alert. (the 3 Red arrows).
- Once I got the signal alert, I drew the trend line from the last lower low to the preceeding lower low (as shown on image#1) and waited untill the price makes a breakeout and close below the trend line.
- On image#2 you will see the price has already made a breakout and closed below the trind line (this is the ENTRY point)
- Then, the price has moved by at least 10 PIPs. (image#3)
Conclusion: may be this is not a good trade but with a good trade management you can make profits even from such low quality trades.
Read: Forex Golden Rule#1: Protect Your Profits – Never Let a Winner Turn Into a Loser
Image#1
Image#2
Image#3
