I saved for a new “Introductory Webinar” or “Success by Trades Webinar” some Metals and Forex Charts to describe properly the Price Action and understand how the money comes to the trader pocket. Understand the Price Action is fundamental to make money properly.
Money don’t come to the Trader if he is unable to recognize how the price moves and what really moves it. This is why the hard work to improve our Trading Practice is a Must and in the same time it is also a “don’t stop job” that we made with ourselves day by day.
On Profiting.Me the repetition is the key to understand how the Price Action works. Repeat, repeat and repeat until the student will realize that he has become able to earn money consistently and constantly.
Metals and Forex Charts
Metals Charts and the Forex Charts that I want to discuss show trades that I closed on Palladium, Platinum and USDMXN. These trades rewarded me with large profit and I sold high on the top (or almost) to close them to the end of the trend, before the starting of a new swing. They were amazing Trades. I am happy (or almost) for the results that I reached. They offered to me a way to learn something more to improve my Trading Practice for particular circumstances that can occur everywhere I invest, analyzing Commodities, Indexes, Stocks, ETFs and Forex Charts.
XPTUSD Sell Trade: +1269 pips of Realized Profit
To describe this Trade the words I can use are: Convergence and Trend.
One Trade, +1269 pips of Realized Profit. This is Great.
The Price Action marked pivots for a bullish trend. The price converged high with the last spike up and then the trend has changed.
My Sell Order was at 1052.6 and it was not the best entry point but It worked very well. The Price Action took out the supply level where I sold and spiked up to the stronger level. What I had to do was just wait because the trend changed and the price dropped down to the demand level, marking a clear bearish trend.
This chart shows properly how the Price Action was in favor of my Sell Order and how the Trend has changed, although my entry point was not so good as I wanted.
11.00% of reward, for a Trader who usually doesn’t trade with particular Leverage, is something great.
XPDUSD Sell Trades: +611 and +454 pips of Realized Profit
I sold XPDUSD 2 times getting a remarkable profit. My highest entry was at 717.2, almost at the end of the retracing back. Although the chart was choppy and it was necessary to wait several weeks, the trade paid properly.
The second entry was my lower one. It was at the end of another retracing back, where the price converged to the new supply level, filling my order at 701.5. This was another good trade on Palladium.
A choppy chart is always a stress when there are trades in running. It is necessary to wait patiently to see these trades reach their targets or fail.
After a long run, a long waiting I closed them at 656.1. This exit point was not on the target. But I closed them because the Price Action started a Trend Rotation.
In the Chart all these details are visible clearly, especially the Rotation Framework to Bearish in the breaking of the bullish trend.
The 17.24% of reward that I have realized with the first trade was amazing for my Account Balance.
USDMXN Sell Trade: +5792 pips of Realized Profit
My Sell Trade paid to me a good reward. But I didn’t want to risk for more in this specific case.
The USDMXN main trend is bullish and the price is rising for many months now. In the last rally, with the exhausting of the bullish momentum, the price marked a new Top Price.
I had set my Sell Order to catch the end of the retracing back. So, I sold high at 19.9064, getting the best entry in this particular Trading Scenario.
But I knew that I was selling in a contest where the trends were bullish, then I had no particular intention to keep the trade in running waiting the completing of new swings, risking to get squeezed. So, the price converged to the demand and I waited to see if the sellers were able to make it drop for more, but it didn’t happen and I preferred to get out realizing the profit.
The USDMXN Forex Charts monthly, weekly and daily show clearly the particular Trading Scenario here described and why I preferred to take my profit. In other contests I use to wait for other swings to get more money later. But in this case I didn’t want to risk.
Money comes to me. This happens and I am always Grateful for every Profit I earn.
But it is the result of many years of hard work and sufferance. Nothing is easy, hard work and strong dedication for the long-term is a must in everything we do, in any business, in any project we do in our life.
Money is NEVER Free.
An important thing that these trades show is the Trending. The Price Action breaks a Trend, the Price Action marks a Trend and so on.
Trending is the key to make money properly. The Progression of Supply and Demand imbalances defines the Trend.
The trades here described are an example of Success. I look just for 2-3 trades like these per month, to see my account growing so as I want. All the other trades closed for less are like “a ripple in the pond”.
Those few trades that make the changing, make you rich. This is what gives to you the Financial Freedom.
My Life today is something that I had never imagined when I was a newbie Trader unable to make profits and scared to get more than 50 pips. It was the beginning, it was for me a long walk.
I had a reason to Succeed, it was the desperation.
Look at me today. I am trader who runs for thousands of pips of realized profit per trade. I am a mentor for the Profiting.Me Students and a man who shows his love for the life and the “blessing” that he was able to conquer with his Dedication and Determination.
I succeeded in Trading because I wanted it badly.
This is why I am a here talking with you, teaching you, sharing with you my Trading Experience.