Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)

End of Week Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

What do you do when you wait for over a week and you still haven’t seen what you want on the charts?

The answer isn’t hurry to look for more setups elsewhere!!

The answer is: Hurry up and wait… And then, wait some more!

The market is a device for transferring money from the impatient to the patient.

Warren Buffett

As paradoxical as it sounds: in trading, the less you do, the more the market comes to you. Take it from one of the most successful investors in history…

How To Increase Profits While Trading Less

The power of waiting for the right setup to form is illustrated by today’s educational lesson.

Warren Buffet doesn’t do much buying of companies. Sure, he looks at many. But the actual decision to go ahead and put his money into a company? Hardly ever. In fact, you’d be lucky to see him do it once in a whole year. That’s right: it’s 1 out of 365 days where he actually takes action. And imagine how many companies, offers, deals he has put in front of him in a whole year? Maybe 1000?!

So I ask you: how long can YOU sit on your hands before you crack? (In other words, before you start sweating and your patience runs out.)

…But guess what? When he does make his decision, he goes in hard. And reaps the rewards for a long time to come.

How does this translate to day-to-day trading in the markets? Simple. You take the same philosophy and apply it to your decisions.

1. Wait as long as it takes for only the best setup
2. When it comes, go in confidently and milk it for the whole run to get the most out of it.

Example Setup

Here’s an example from our AUD/NZD setup this week. We’re at the point of reversal right now. The bigger long term target is a long distance away. Considering we’re looking for this big move, multiple entries can be take all along the way to the overall target.

So we have the initial one, then another at the next swing/pullback, then a third at the one after that. All with their targets at the ultimate high. As the market progresses, the stoploss of each entry can be moved to Breakeven. Therefore we have a situation where the risk is kept in check, but the potential is increased. All from one analysis done in advance. Of course it might not play out, but when it does, the rewards are worth it…

You can apply this on any timeframes. Use the higher timeframe for your analysis and the lower one for entries. To combine the right timeframes, see my video from a few weeks ago:

Use These Timeframe Combinations for Accuracy & Consistency – Trading Hack

Just keep your eye close to the ball and monitor the same market, to capitalise on each swing movement.

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

Photo by Pixabay

_{(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the risk that goes with it.)}