Winning Trading Strategy Example

Here is an example of a perfect setup for the trading strategy I use on a daily basis. An easy 70 pips of profit. Obviously, they all aren't like this but sure would be nice if they were. You may be asking yourself: "Why did he exit the trade there? It ran on quite a bit farther." Good question. The answer is I traded the strategy where the exit point is the overbought condition of the RSI(14) indicator. I could have chosen to scale out a portion of the position, moved my stop loss down, and let the rest run. Instead I chose to go all out at +70 pips. That kind of profit is just fine by me.

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