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Find your Trading Style — Different Strokes for Different Folks

February 25, 2017 — by Troy Noonan0

Finding one’s trading style is one of the most important yet understated key elements to ongoing successful trading.  So many traders try to force a particular style ‘onto themselves’ without realizing whether or not that style is best for them.

Let’s face it.  It’s difficult sometimes to know what the right style is.  In fact, it’s a testimony as to how hard it often is to know oneself.

We’ve been so enamored with the ongoing success of some of our favorite markets and charts that it is easy to forget just how many ‘other’ trade opportunities are available to us with the CPT.  This is such a versatile strategy that once mastered, it can be used in countless ways to help you find or augment YOUR personal trading style.

This is an example of a faster swing trade chart, for example.  We haven’t given nearly enough coverage to some of these types of chart.  It’s a 30 minute chart of the GBPUSD which provides for shorter, faster swing trades.  Slower charts can easily take over a trader’s life if not careful.  As you probably know by now, I’m a big proponent of trading to support a better lifestyle, not the other way around.  I don’t want to sleep with my laptop, for example.  I’m happily married for over 21 years and I assure you it’s not by sleeping with my computer.  Not going to happen in my house!  Nor do I want to pull off the road to manage a trade with my iPhone.

This tradeplan uses our ‘snapshot trading’ concept.  We only focus on trades that set up within a two hour period; 9 to 11 am, est.   I did point out the purple trade which happened during the earlier overseas’ market, just to show you what’s possible but the trades that this tradeplan triggered into were the 2nd and 3rd trades (the green trades).  Check it out below.

  • The custom Counter Punch Trader tradeplan of the GBPUSD 30 minute chart, using our snapshot trading technique has won 78.2% of it’s trades over the past 4 years, 390 trades
  • Profit Factor 1.91
  • Winning streaks over that time period of; 32, 21, 16, 15, 14, 12, 11 (consecutive winning trades)
  • Worst losing streak; 4 trades (only two times in four years!)
  • This tradeplan is found on the CPT Owner’s Club website along with many other productive, profitable tradeplans for various markets and timeframes
A short trade just triggered in and is currently in progress

022517_gbpusd30

www.netpicks.com/cptrader — grab your copy of the CPT while prices are still low.  Our February (early Spring special) is nearly over.  Click on this link for more information and to see our webinar demo.

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