trend profiteering...setups occur. some are closed with profit taking, others are left to run as new...
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Trend Profiteer Trend Profiteering
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TREND PROFITEERING
By Michael Nurok
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Trend Profiteer Trend Profiteering
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RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT
Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market.
The contents of this material are for general information and educational purposes only [contents shall also mean the website http://www.trendprofiteer.com or any website (“the sites”) the content is hosted on, and any email correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a “get rich scheme.”
Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy.
No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on http://www.trendprofiteer.com or on the sites. Past performance is not indicative of future results.
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Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results.
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INTRODUCTION
This special Trend Profiteering report could help with your enhanced use of the
Trend Profiteer trading system by incorporating it into your trading.
Trend Profiteering enables a trader to take advantage of the greater overall
market moves by repeatedly re-entering the market with unidirectional trades
in line with the overall trend.
The result of Trend Profiteering equates to a greater accumulation of pips than
only trading the net market move.
If you want to exponentially benefit from trading trends, then learn to
implement Trend Profiteering into your trading so you can potentially increase
the amount of pips you extract from every major trend in the market whether
it’s going up, down or sideways.
Once you understand how Trend Profiteering works and how to apply it, you can
really start benefiting from the strong trends you catch by entering additional
positions or new positions while you close old positions and build capital.
My hope is that you take this information and apply it to your Profiteer trades as
a potentially positive contribution to your overall results.
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Trend Profiteering
How can you profit from trends most effectively?
Entering a single position for an overall trend?
Or;
Entering multiple positions for an overall trend?
Trading repeatedly in a trend can be accomplished by; (1) adding positions to
existing positions, or (2) closing positions (converting into capital) and re-
entering new positions in line with the trend at new trade setups in line with the
same price movement direction.
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MULTIPLE TREND POSITIONS
You can trade repeatedly in the same direction and generate significantly more
than holding one position from start to end.
For example, a 300 pip overall move may provide numerous 50 pip trades
within it, totalling significantly more than holding the position from start of
move to end.
Let’s say the overall 300 pip move has 10 x 50 pip moves, that equates to 500
pips, plus you get to convert your 50 pip moves from equity to capital
throughout the process maintaining a strong capital-growth mindset with your
trading.
You may be able to extract even more than 10 x 50 pip trades in this overall
move, giving you even more opportunity to profit beyond what the overall
move provides. Perhaps double or triple the amount! That’s 600-900 pips
extracted from an overall net 300 pip move!
How can that be?
Simple. The market does not move in straight lines. Another way to think
about it is with the phrase; “2 steps forward, 1 step back”.
Following is an example of taking multiple trades in the same direction. In this
case, we're looking at long/buy trades in a unidirectional market that has an
Overall Upward Trend Direction.
You can see that both Trend Trades and Swing Trades are entered as valid
setups occur. Some are closed with profit taking, others are left to run as new
trade positions are taken.
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You can also trade in this manner when the market is Bidirectional. The only
difference is that in this type of market, you're reversing your position and
closing existing opposing trades if they are not already converted into capital.
Here's an example of profiteering from repeatedly buying and selling in a
bidirectional market.
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As a “Profiteer”, you will want to take advantage of these “small but sweet fish”
represented by moves within the overall move, by consistently:
• Locking in profits as the trade progresses
• Closing trades and thereby converting them into capital
• Re-entering the market throughout the move, particularly
when the market has completed a “1 step backward” move
As well as re-entering positions in the market as your trades are closed in
profit, Trend Profiteering enables you to add additional positions to your
original position. For example, when you’re;
• In profit and trailing your trade and a new Trend Trade
setup occurs in the market
• In profit and trailing your trade and a Swing Trade setup
occurs in the market
• In profit and trailing your trade and a Trend Trade or Swing
Trade set-up occurs in a different time frame to the original
time frame you were using for trading
If you are adding to existing positions of the trend in the same time frame,
regardless of whether you close your original position or keep it open, you
should consider using reduced lot sizes so your additional trade positions are
smaller than your original trade position. The reason for this is that the bigger
the movement, the more the risk of a potential retracement/correction.
For example, if your original position was 1.0 lot, you should consider making
the next trade within the same time frame trend at 0.50 lots or lower. Ideally,
any additional trades will be even smaller. This is so you trade with built-in
capital protection in your trades. That is; if you do lose on your new position, it
will be an inherently smaller in monetary value. This is important as trades
that are taken too far from the inception of the current trend carry higher risk
and your new trades could be adversely affected by counter trend moves.
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M15 BUY TRADE EXAMPLE - ENTRY
Here's an example of an entry for a buy trade position on the M15 timeframe for
the GBPUSD.
Note the multiple Trend Trades and Swing Trades within the same overall.
In this case, price kept going up for around 340 pips, split up over 2 individual
trend moves. Within these moves, I’ve highlighted 3 Swing Trades although
there are up to 7 more swing trades within this single chart screenshot. See if
you can spot them.
That’s 2 Trend Trades and 12 Swing Trades… 14 trades in total. If you took just
5-7 of them, you would have likely done much better than just holding the 1
position from start to end. In fact, your 1 position may have been stopped out
along the way, perhaps even in the early part of the trade for just a few pips.
By taking multiple positions within the overall move, you can close out earlier
positions converting them to capital, or you can build your position so the overall
net result is potentially significantly higher.
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H1 BUY TRADE EXAMPLE - ENTRY
Here's an example of an entry for a buy trade position on the H1 timeframe for
the GBPUSD.
Once again, note the multiple Swing Trades and trend trades within the same
overall move. And in addition to the 5 highlighted Swing Trades, there are 3
more for you to spot. In this case, price kept going up for around 550 pips from
start of 1st move to the high, all split up over 3 individual trend moves.
That’s 11 trades in total which gives traders plenty of opportunity to get into the
trade repeatedly and build their capital along the way, or build up their equity
position by adding their positions to existing positions.
If I do add positions to existing positions, then I manage them independently
and the lot sizes of each trade decreases as I add more. That way, I’m always
trading a smaller lot size than the previous trade, thereby giving me a positive
equity bias should the price move against me.
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H4 BUY TRADE EXAMPLE - ENTRY
Here's an example of an entry for a buy trade position on the H4 timeframe for
the USDCAD.
Once again, just like the shorter timeframes, you can see multiple trades within
the same overall move on the time frame.
In this case, you can more readily see big moves totally over 700 pips, and
because of the timeframes relative stability, it’s a great timeframe to exercise
Trend Profiteering. Naturally, you will need to give your trades more room to
move as per H4 guidelines in trade entry and ongoing management.
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M15 SELL TRADE EXAMPLE - ENTRY
Here's an example of an entry for a sell trade position on the M15 timeframe for
the AUDNZD.
Just like the buy examples, note the multiple Swing Trades and trend trades
within the same overall move.
In this case, price dropped 300 pips from start of 1st move to the low, all split
up over 3 individual trend moves with many good swing trade opportunities.
This example highlights 12 trades in total (not including other valid setups) that
built up an equity position by adding positions to existing positions, or allowed
the easy conversion of trade positions into capital while still remaining in the
trade.
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H1 SELL TRADE EXAMPLE - ENTRY
Here's an example of a sell trade position on the H1 timeframe for the EURUSD.
In this example, the price moved about 400 pips from start of the 1st move to
the low.
There were 3 Trend Trade opportunities and 5 good Swing Trades that could have
been taken throughout this move, regardless of whether the focus is on building
capital or building equity.
Ultimately, entering multiple trades over an overall move is a solid and
systematic way to trade the market and potentially extract more pips than the
overall move provides as 1 holding trade.
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H4 SELL TRADE EXAMPLE - ENTRY
Here's an example of a sell trade position on the H4 timeframe for the EURAUD
pair which extended the downward move about 600 pips.
In this example, there were 3 Trend Trades and at least 4 good Swing Trades
that if entered appropriately, could have generated potentially twice or more
than the 1 holding position from start to end.
As with any timeframe, holding 1 position and successfully trailing the move
from start to end may require loose/liberal trails which creates an equity
exposure risk, therefore in many cases, closing trades and growing capital when
opening new positions can be very productive unless a trader can tolerate the
exposure with the goal of maximizing the amount of pips extracted from the
overall move.
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CONCLUSION
By now, I hope you appreciate that trading with Trend Profiteer can typically
generate great results, however you may see some additional positive effect to
your account balance by using the tactics outlined in this report.
Trend Profiteering leverages the power of the greater overall market moves by
enabling traders to re-enter the market regularly, either as additional trades to
an existing position or as new trades upon the closure of old trades.
If you want to maximize the amount of pips from trading trends, then it makes
sense to get in to the trade as much as possible and multiply your winning
positions. Therefore, I encourage you to implement Trend Profiteering into your
trading so you can potentially increase the amount of pips you extract from every
major trend in the market.
In closing, I suggest you try Trend Profiteering whenever you can to learn from
the new way of trading an overall move. I look forward to seeing you generate
positive results with this trade management.
Good trading & live well,