Simple Entry Methods for Trend Hunter Strategy
Very accurate entry methods is one of the most important reasons in successful Trend Hunter Strategy for more than 15 years of its introduction. No doubt that very trusty methods of entering, is one of the most important parts of the Trend Hunter Strategy.
Signal to enter the market occurs when the price comes to "Buy or Sell zone" then forms one of the reversal pattern whether "Hammer/Shooting Star" or "Trough/Peak", in other words, it doesn't mean to enter the market when the price comes to these zones but after any of reversal patterns is formed.
Although it's not difficult to distinguish "Hammer/Shooting Star" or "Through/Peak" patterns, but using the "Daily Trading Opportunity" signal service will give you the possibility for saving your time and observe forming these patterns in a faster way. This service also reveals the strength of the patterns and in fact, the probable rate of success for any of the formed patterns is revealed, so you can easily decide how much to invest in different patterns.
"Intraday Forecasts" service can also denote more accurate entries, but because it's not simple to trade in intraday timeframe - since there are lots of noises in price movement - so we advise only professional traders to enter the market for Trend Hunter Strategy using intraday forecasts.
Entery methods for Buy trades
Example: In the Figure 1 for the pair USD/JPY, Buy zone well expressed its role supporting the price against more losses. Four troughs and a hammer are formed when the price hits this support zone. After forming any of these patterns, we entered the market with buy orders and gained small profits limited to 100 to 200 pips, but as seen in the Figure 2, finally, after forming the trough during the last entry, uptrend started and we could gain a very big profit.
Buy trade result:
As seen in the Figure 2, after forming trough and entering the market with Buy trades at 2014-07-02 uptrend started. This trend could generate a profit of 11,327 pips in 112 days.
See the Figure 3 for the signal of forming a trough by the "Daily Trading Opportunity" service.
As seen in the Figure 3, "Daily Trading Opportunity" service at 2014-07-02 indicated forming a trough with the strength of 32.
By forming a trough after price hits the Buy zone, we enter the market with buy orders.
Entery methods for Sell trades:
Example: In the Figure 4 for the pair EUR/USD, Buy zone well expressed its role resisting the price against more gains! Three peaks and a shooting star are formed when the price hits this resistance zone. After forming any of these patterns, we entered the market with sell orders and gained small profits limited to 100 to 200 pips, but as seen in the Figure 5, finally, after forming the shooting star and the peak at the same time during the last entry, downtrend started and we could gain a very big profit.
Sell trade result:
As seen in the Figure 5, after forming peak and shooting star at the same time, and entering the market with Sell trades at 2014-05-09 downtrend started, this trend could generate a profit of 10,287 pips in 150 days.
See the Figure 6 for the signal of forming a peak and shooting star at the same time by the "Daily Trading Opportunity" service.
As seen in the Figure 6, "Daily Trading Opportunity" service at 2014-05-09, indicated forming a Shooting Star with the strength of -66 and a Peak with the strength of -82 simultaneously.
By forming a peak after price hits the Sell zone, we enter the market with sell orders.
If any of patterns for entering the market was seen on Friday, it's better to enter the market when it opens on Monday, instead of when it is closing on Friday.
Benefits of this tip:
- Avoid unnecessary "Overnight Swap" for Saturday and Sunday.
- There is always a risk for Saturdays and Sundays, if incidents like wars, terrorist attacks, natural disasters, election results and political events could highly affect the market. Therefore, it's better to avoid this risk and enter the market at the beginning of Monday, if there is no important event in these two days, and market opens without GAP!
- Review new forecasts published on Saturday (sometimes on Sunday) and make sure the market conditions are not changed. We may also use the newest take profit targets introduced in these forecasts.
In this situation, for the Friday night of that week, no Buy or Sell sign of entering the market is indicated in the chart, and we will enter the market on Monday morning if no incident in these two days could cause important influence on the market. So the sign of Buy or Sell, will be introduced in the chart of the week after.