This Free Video Lesson takes a look at False Consolidation Breakouts which are one of the Market Setups that can be both very profitable and very dangerous to trade if we aren’t careful. I describe in detail how they are formed, how they move as well as how to trade them to maximize on the gains they offer ahead of market reversals!
The trade that took place on the 4 Hour Chart of the GBP JPY was a typical example of these aggressive setups. I show you how to accurately draw Resistance and Support Lines when drawing Consolidations, the most common Candlesticks that start Breakout Reversals, Stop Placement, as well as the best place to exit these trades. All of this is done in the context of solving the 5 Common Challenges faced by traders when it comes to trading the Forex…
The video also explains why it is very important to avoid monitoring our trades. Because of the fact we are trading with real money in one of the most difficult financial markets, it is very tempting to watch our trades until they are closed.
But because of the high level of stress associated with watching the market, this can lead to dangerous Self-Sabotaging Behaviour that ultimately compromises our Long-Term Profitability!
VIDEO ANALYSIS OF FALSE CONSOLIDATION BREAKOUTS AND THE 3.3% GBPJPY TRADE
As usual, if you have any questions about the analysis, the GBP JPY trade or want to subscribe to my Mentoring Service (see below), you can let me know.
(M.Sc. Economics, B.Sc. Management and Economics)
firstname.lastname@example.org /(876)-393 3355
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