Yesterday, I have entered several BUY trade on the EURUSD, GBPUSD and GBPJPY for myself and users of my trade copier service.
Below is the live trade videos of the trades and why I enter those trades. The purpose of this video is to share with you some trading techniques that is very useful in trading.
Below are the trades outcome
For those of you who are in my trade copier, you should have the following trades and profits on your account.
The Power of Confluence of Events Trading
In forex trading, we are actually trading in probability as there is no way we can win 100% of the time. Therefore what we do as a trader is to look for ways to increase our chance of winning and the confluence of events trading is one such way.
If you have watched the video above, you will see that I have entered BUY trade on the EURUSD, GBPUSD and GBPJPY yesterday as the price is hitting a major support at the same time for the 3 pairs. This act alone increase our probability of winning.
Below is the screenshot of the charts
You can see that the EURUSD hits the 400 EMA at 1000hr, GBPJPY hits the 200 EMA at 1000 hr and GBPUSD hits the 100 EMA at 1000 hr. This is what we call the confluence of events.
Sure enough, the EURUSD moved up by 40 pips, the GBPUSD moved up by 91 pips and GBPJPY moved up by 78 pips. These 3 trades alone makes a profits of 200 pips.
The confluence of events do not only apply to different time frames. It can also apply to indicators as well. It can be a confluence of several indicators which trigger you to enter a trade as well.
If you are interested to learn the exact strategies I use to trade for myself and users of my trade copier and also test out my trade copier service for yourself, you can take a look at the promotion below
Do note that the promotion is ending soon