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Welcome to Trades & Profits

This site is created for the sole purpose of sharing Trading Ideas(this can be personal or whichever admins deems interesting), no advisory or calls are intended for readers.  We will look at different markets such as US Equities, Forex, Indices and Commodities.

Do note on the website disclaimer.

Did you get our profitable analysis on ChfJpy, Crypto and GbpUsd?

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Here’s an update of our profitable trade today on GbpUsd. We saw a potential opportunity on this pair as it was trading closely on the 30 mins resistance. We are not only posting to show our profits but to remind all traders that trading needs discipline and only with proper trading plan will you be able to grow the account consistently.

Below is an example of our trading plan before entering a trade. The snapshot below is what we shared with our followers in our Free FaceBook close group https://www.facebook.com/groups/tradesandprofits/.

We know that SL(Stop Loss) and TP (Take Profit) is there to help us in our discipline but one thing many traders miss out is Max Entry. Max Entry is crucial so that traders do not enter into a trade blindly chasing the running trade. This also helps to ensure that your trades reward is worth the risk.

Tradeideas

In this group, we will be answering questions, doubts and also strategies that losing traders have been wondering. We share our views, trade ideas (with specific entry, SL, and targets) and thoughts and hope to make everyone as profitable as us. Remember trading is a journey not a get rich quick scheme. Join us here https://www.facebook.com/groups/tradesandprofits/ to see what you are missing out there.

We ain’t perfect. See how we take so many losses yet profitable for the month. If you also notice we have a handful of trades. Why? Because we want to be profitable not because we want to enter many trades to satisfy our urge.
Oct2017

Reference to related profitable post on ChfJpy and Bitcoin

Temporary Exhaustion on Swiss?

BitCoin & LiteCoin

Temporary Exhaustion on Swiss?

CHFJPY2Oct

A rewarding potential trade that is worth the risk

Counter : ChfJpy

Direction : Short

Technical Description : Exhaustion & Price rejection seen

Reward : > 1:2

What price do we enter? Join our FB group https://www.facebook.com/groups/tradesandprofits/ as we discuss more potential trades and also providing a learning curve for traders.

BitCoin & LiteCoin

BTCUSD27SepLTCUSD27Sep

It’s been a hot talking point about cryptocurrencies, we have many readers and followers enquiring about Coins.

Technically, the basis of crypto movements are the similar to any other counters be it Stocks, Indices,Forex or even commodities. At this point we are not very comfortable trading on crypto as it is not globally accepted yet. As we are trading on leverage, trading on crypto may have a greater risk exposure on our portfolio.

However we still do see some potential opportunities on Coins which we will share our ideas in our FB group https://www.facebook.com/groups/tradesandprofits/. If we look at the charts above, the movement for both BtcUsd and LtcUsd are identical.

On the 4H, we see a downtrend support movement with both trend and vertical resistance confluencing each other. We can also see that the resistance level tested several times with previous acting as a support. This makes a sensible choice for a trader to take a short position with a calculated stop loss (Please always note on the price actions before taking any positions as it may not be suitable if price movement is going against our analysis).

On a longer TF, Daily Chart, it is somewhat the opposite of what the 4hour is showing. Ideally, if the price on 4H moves as we analyse, it may be a good level to load some coins for longer term(not leverage and small amount just to diversify portfolio).

For more analysis, 1st hand trade ideas and educational discussion, click on this link and join our Free FB group
https://www.facebook.com/groups/tradesandprofits/

You may also want to follow us on IG to get some updates.
https://www.instagram.com/tradesnprofits/

BTCUSD27Sep2017

UsdJpy on the watch!

UsdJpy27Sep

Time has not permit us to post our recent trades, As much as we can we will try to provide as much trade analysis and post on out website. Meanwhile, for today, check this potential set up that looks decent!

Counter : UsdJpy

Direction : Short

Technical Description : Sideways on daily, Price rejection as seen on picture above with a slight downward trend as a base.

Reward : > 1:2

What price do we enter? Join our FB group https://www.facebook.com/groups/tradesandprofits/ as we discuss more potential trades and also providing a learning curve for traders.

How I use Stop Loss Effectively

Stop Loss

Been a while since we last updated/posted our site.

Today we are going to discuss on how we use our stop loss to make our trade a much more profitable one.

The picture above is a trade we took back in June and achieved a 600% return. We managed to squeeze another 400% from our usual 200% with 0 risk.

Read on and we will explain how we do that…

First as a trader, we have to accept that every trade we enter comes with a risk and there is no 2 way about this. When we first took this trade, we had our stop loss set about 65 pips away(base on our strategy). Refer to the picture on our Entry(Blue) and SL(Red) set.

As the price was trading and hovering around we remained our SL level till we managed to reach 200% (labeled 200% in white). At this point we shifted our SL slightly above our entry which is represented in (orange).  Reason for us not shifting even at 150% is because we want to allow the trade to go beyond the range to have an extra edge over this trade. (Look somewhere near the orange arrow, if we shifted it before reaching 200% we would have been stopped out.)

Once the trade achieve 200% the trader has a choice to take full profit too!

As the trade continues moving up, we than started shifting our SL after every 100% . Now even if the trade hits our SL we will still end up with a positive balance. Since the trade is in your control, you have a choice for partial profit.

Lesson here is that SL does not exist just for a losing trade, if use correctly, it can help you achieve greater returns than you ever expected.

Whatever decision you make in your trading  just remember to ask yourself if you can accept the outcome.

Example :
What will I do if I shift my SL too early and hit it before taking full profit?
What will I do if I miss more profits?
What will I do if I don’t take full profit?
the list can go on.

What ever your question, your answer shouldn’t be something that will make you regret as it will affect your psychology. Do something that you personally will be able to accept and have a peaceful sleep.

Every action done are reflected in your trading result. So start asking if what you are doing is right?

Hope that you can start using SL the way we use it!

Want to learn and find out more? Join our Facebook group to get our trading ideas as we hope to reach out to as many traders as possible.

https://www.facebook.com/groups/tradesandprofits/

Here’s the profit and trade we did in June

AJJune
Cheers

Intel Corp on rebound

Intel15June

Counter : Intel Corp

Direction : Long

Technical Description : Weekly uptrend, Consolidation between 34.5 – 37.5 level, Supported on 34.5 with potential rebound with 15 June 17 price movement.

Reward : > 1:2

On Side note, our trade on Audjpy is progressing nicely, we are on a risk free trade now.

https://tradesnprofits.com/2017/06/15/profit-taking-for-our-audjpy-trade/

Profit taking for our AudJpy trade.

While we are in process of fixing our Facebook. Our trade on AudJpy has managed to reach our 200% target profit level. This trade has achieved a result that would have covered our previous loss on UsdCad.

This trade was actually posted in our FB close group.

About our Facebook issue, due to some terms and policy that Facebook(Facebook doesn’t allow users to use nick name) has, hence we may not be able to safe the existing group. We will be looking to start a new group soon to continue giving traders our insights and trade ideas.

Keep a look out here on our website on the progress of setting up a new group.

On a side note, for traders that have entered their trades on FACEBOOK it self, congrats as it has traded from 145 level to 151 level. Decent profits on that trade.
https://tradesnprofits.com/2017/06/12/facebook-for-investment/ check out this link for reference.

USDCAD for a Risk to Reward of >1:2

USDCAD12Jun

Counter : USDCAD

Direction : Long

Technical Description : On Daily TF price floating above 200 SMA which indicates a continuous uptrend. Previous price action fail to break support around 1.34 level. 4 hour trend line support since Feb. Elliot Wave 5 on 4hour. USD Strength bias.

Reward : > 200%

Do join us in our FB group to get our full trade set up.
https://www.facebook.com/groups/tradesnprofits/