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Prepare for your trading week with our unique strategy insights. Dylan and Max break down the Forex, Commodities, Indices and Crypto markets on a weekly basis to give you an over the shoulder look into the markets. Compare, adapt and capitalise. (45 minutes + in length)
Godfrey Hope reviewed The Social Traders
@ GB
19th Aug 2020
Paul Metcalf reviewed The Social Traders
@ GB
2nd July 2020
Tom Cowley reviewed The Social Traders
@ GB
15th June 2021
James Collins reviewed The Social Traders
@ GB
10th July 2020
“Amazing community and the guys are top notch👌🏼 super helpful and super responsive, never have I learnt so much about trading since I joined this community.”
We’ve helped students and traders just like you fast track their results and sky rocket their percentage returns, delivering growth financially and psychologically by combining practical training with mindset and discipline modules to deliver exponential results.
According to TrustPilot
“The ultimate reason for setting goals is to entice you to become the person it takes to achieve them”
I think it’s safe to say it’s everyone’s goal (well most who trade) to successfully obtain thousands from the forex markets.
If you’re not in it for the money, why are you here?
Keeping track of goals/achievements whether big or small, allows for progression to keep us moving forward and not grounded in one single moment in time.
With that said, this leads us into today’s topic and one of the goals we set out to achieve when starting trading, ‘How we made thousands from 3 trades’.
As we know, we can never expect ‘thousands’ from the markets, we must be content and understanding of what the market gives us,
To think we have full control over a trades outcome is unrealistic and as professional traders, we know this to our benefit.
Today, instead of showing you the generic ‘profit screenshot’ we wanted to show you how we positioned ourselves in the markets to come out on top.
You see, it’s not always about being the first into the markets, it is about seeing particular signals, patterns, or confirmations that align us for an entry into the market fitting to our plan.
Knowing our technicals like the back of our hand, we operate within the markets seamlessly, taking away all guesswork.
Let’s jump into the examples below and look at some similar commonalities that allowed us to be on the right side of the market.
Taken: 28/10/2021
GBPUSD is a pair we love to trade at The Social Traders, here is a textbook setup for us.
Price action has shown us a shift in momentum, causing a break of structure,
The bears are willing to enter the market,
We know when this happens we have a higher probability that price action is looking to reverse.
Our entry was taken from a refined order block, giving us an exact and predetermined entry point, eliminating all guesswork.
‘If price action does this…. do this’
We simply looked for a shift in momentum and then proceeded to trade the price action in front of us.
This trade was closed with a very welcomed 10.56%.
Reward: 10.48%
Date: 27/10/2021 (BoC Monetary Policy)
Similarly, USDCAD is another pair we commonly trade.
This setup was taken during a highly volatile news release (BoC Monetary Policy Statement)
It’s common knowledge that these events can be risky to trade, but with the way we understand the markets, we knew the probabilities were in our favour, to not take this trade would’ve gone against our plan.
This setup ticked all the boxes for us, we had a clear understanding of price action and where market sentiment wanted to go.
I reiterate… ‘If price action does this…. do this’,
A common theme that leads us to enter and execute these trades to a high level is our ability to trust in the process, we understand our trading plan, we have tested our strategy countless times, and we trust within ourselves to manage the emotions involved with a chance to secure thousands of pounds.
Reward: 10.15%
Date: 01/11/2021
AUDJPY is another classic pair we love to trade!
We can see that there is a clear double top when we took our entry, however, we refined this entry with the use of an order block and pattern plays.
Why trade a large stop loss when you can refine the setup to your set parameters?
Taking into account that we had a shift in market sentiment, we were looking for an entry to the downside, we used an ascending channel to show us the direction into our order block.
The rules we trade around allow us to enter and accept the outcome, win, loss or breakeven. When dealing with high probability setups like this we can manage with a little more relaxation in the markets.
Throughout 24hrs, this trade bagged us a respectable 10.15%
So what did we do right?….
Taking every trade that fits your edge/plan is what will make you see consistency, it’s about understanding your edge, using that to your advantage, and taking wins and losses as they come.
Eliminating the guesswork involved with trading is key,
We understood ourselves and we understood our trading plan, whatever happened next in the markets didn’t matter…
You can acquire this knowledge very simply,
Instead of asking God for help – You can trust us.
Asking us is free – and we answer your questions any time, day or night.
All the best,
The Social Traders Team
What’s your goal today?
1. Join The Social Traders To Improve Your Profitability
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2. Learn how to trade to the highest level
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