iTradeAIMS

How To Trail Stop Loss Effectively | Capture All day's Action

Education
OANDA:US30USD   US Wall St 30
Maximise your Day Trading Profits 5X | Apply this trade management system to hold trades all day without much effort

In this video I'm going to share with you a trade management idea which would allow you to trade and hold the trade from the start to the end of the day trading session.

The Chart I'm using is US30 / DOW30. The Time frame for day trading would be the five minute chart.

The idea is to make entries on the 5 minute chart and then use a few swings to add on.

This can become part of your Trade Plan and you can apply to any time frame or symbol of your choice. It's a great way to maximise your profits using nothing but the data provided by the market itself.

Price Action is surely The King!!! I bow....

Comments

You're swing trading on the five minute chart? Let me know how that works out for you over a large sample size. ✌🏻
+3 Reply
Great video! keep them coming
+2 Reply
iTradeAIMS Forex-Traders-Uk
@Forex-Traders-Uk, Thank you.
Reply
Applying the Above Method, the DAX30 Trades went like below
+1 Reply
it means one has to look at charts all day.. why not put a systematic trailing stop loss away from TP..
+1 Reply
iTradeAIMS jayk786
@jayk786, True you can do that. I am a day trader and I trade all day. That's what I like to do. This is one way of holding your winner far longer than others can. It allows you to take money from those who can't hold their trades which is the other 75% of the side. imho. E.g. Today I got stopped out of the shorts on the DAX30 on the way down but I soon realised I was trying to hold trades within an up trend. I switched positions when the market allowed me a better entry. I am still in the trade since a hr before the New york open.
Reply
iTradeAIMS jayk786
@jayk786, also, if you don't have time to watch all day, then trade the higher time frame. apply the same method.
+1 Reply
really great but live market emotion take place.
Reply
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