I have received numerous emails from user of my trade copier service asking me how I often manage to exit a trade before it takes back the profits we have made or cut short our losses before it hits our stop loss.
Therefore I will like to take this post to share with you guys some techniques that may be useful for you.
Before that, I will like to answer 2 questions from my blog readers
Question 1: For my trade copier service, will my user be entering the same lot size as me for every trade?
Of course, you guys will not be entering the same lot size as me as all of us have different account balance
There are 2 options for the lot size
You can either let the system enter the lot size automatically for you based on your account size vs mine or you can set a fixed lot size per trade.
For the automatically lot size, it is based on your account balance percentage vs mine.
For example: If I have $10,000 and you have $1,000. When I enter 1 lot, you will be entering 0.1 lot automatically.
Question 2: How much profits you guys can make from my trade copier service as most of you are unable to trade such big lot size like me.
For this month so far, the new strategy has produced 322 pips profits so far.
If you enter 1 standard lot per trade, you will be making $3,220 this month for the new strategy.
If you enter 0.5 lot per trade, you will be making $1,610 this month with the new strategy.
I hope that I have answered all your questions
Let us start to learn how to predict a reversal of the market now. Basically there are 2 main things that you need to look out for in trading.
Method 1: Reversal Candlestick Pattern
The formation of reversal candlestickpattern is one of the clear way to tell whether the price is going to reverse or not.
When we are trading, we have to keep a lookout for reversal candlestick patterns like the Railway Track, Spinning top or bottom or the 123 reversal pattern which is taught in my first training tutorial for my blog subscribers.
Whenever these patterns occur, we have to be cautious of a possible reversal.
I have written a blog post on the reversal indicator sometimes back, you can take a look at it before
Method 2: Major Support and Resistance
If you have been following my blog, you know that I talk a lot about major support and resistance because the wavy movement of the market we see on our chart are due to the repulsion of these major support and resistance level.
Therefore you must know exactly where these levels are so that you can exit your trade before it reversed.
For the major support and resistance, I must say that the Fibonacci and the Pivot indicators are 2 that you must know.
I have also written blog posts on them before and you can read it below
I hope that you guys find these information useful for you.