Profitable trades charts set up are revealed to both novice and advanced Forex Traders.I have been participating in the Dukascopy Trader’s contest for couples of months. Some of my most profitable trades are compiled here in order to share knowledge with other chartists Trader.These trades have been taken from the Dukascopy Trader’s contest of the month of august in year 2012. I used the online trading platform of Dukascopy to performing these profitable trade in the Foreign exchange currency market. Trade nø1: Sell on Eurusd The market developed a nice uptrend move, but failed in the breakout of the previous swing high. I entered a short with a good return using the Dukascopy Trader’s contest defaults deviation stop loss and take profit. Trade nø2 : Sell limit on Eurgpb On 4 hour chart, a bearish candle a gave the sell opportunity if the price came to retest the zero line of the previous support. I set a sell lilmit order which results to a profitable trade of 21.6 pips return. Trade nø3: Audusd in downtrend When the market is in a strong downtrend the height of the first retracement candle shows the strength of the movement. If buyers push to price above the 50% of the previou…
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