Reviewing the NZD/CHF trade executed on September 28, 2023, allows us to meticulously analyze the application of the Base Trend (BT) Trading Strategy. On that date, a firm buy signal on the NZD/CHF pair at 0.54512 was received and acted upon, backed by the Adaptive Trailing Stop calculated at 12 times the M60 average true range, over a period of 40.
This move aimed for a 3:1 reward to risk ratio, targeting an exit point at 0.57614. At the present moment, the NZD/CHF is trading at 0.54748, with the current ATR adaptive trailing stop adjusted to 0.53692.
Buy Signal Parameters for the NZD/CHF Trade:
The BT Trading Strategy illuminates our path in the intricate world of forex trading. The buy signal was issued upon satisfying a meticulously crafted set of conditions:
- The EMA Zones were bathed in the optimistic hues of a bullish market structure.
- The canvas of the market was painted blue by the Global HAS candles.
- Assuredly placed below the candles, the DAATS provided a solid foundation.
- The time bars for M60, M240, and M1440 matched the blue skyline, affirming the upward trend.
- The Global I-Trend’s Green Line rose like the dawn above the Red Line.
- The Global ADX proudly stood above 20.
- The GMACD signal, Main, and Major Trend Indicator, echoed the songs of an upward trend.
Trade Execution and Ensuing Journey:
Following the convergence of these signals, the GATS, acting as our trustworthy sentinel, placed the trade. A 2% default risk per trade was the chosen armor, minimizing potential damage from market volatility. The Adaptive ATR Trailing Stop, a guide in this journey, was set at 12 times the M60 ATR, over a period of 40.
The expedition was marked with the signposts of EMA Zones, from the lime green fields of momentum to the sturdy brick red bastions of long-term trends. Our ship was guided by the GMACD settings, with a fast length of 6, slow length of 9, and a signal length of 3, ensuring the path remained true and the winds favorable.
Current Scenario and Future Path:
As the current price rests at 0.54748, a modest rise from the entry, the ATR adaptive trailing stop ensures a safeguard at 0.53692. The journey to the targeted 0.57614 continues with a cautious but optimistic gaze, guided by the celestial bodies of the BT Trading Strategy, with the hope that the wind will fill our sails, steering the trade to the envisioned haven of profit.
This analysis, drenched in the light of detailed observation and rooted in the solid ground of the BT Trading Strategy, stands as a testament to the meticulous planning and execution, paving the path for future endeavors in the vast oceans of forex trading.
About the Author:
The navigation of such intricate waters requires a seasoned captain. Dr. Glen Brown, with a treasure trove of knowledge amassed over 25 years, stands at the helm. As the President & CEO of both Global Accountancy Institute, Inc. and Global Financial Engineering, Inc., Dr. Brown merges the realms of accountancy, finance, investments, and technology, piloting the ship towards uncharted territories, backed by his profound expertise and innovative vision.
Risk Disclaimer:
It’s essential for traders to understand that trading in forex involves a high risk of losing capital. The content provided here is for informational purposes only and should not be considered as financial advice. The past performance of any trading strategy does not guarantee future results, and it’s crucial for traders to conduct comprehensive research and consider their risk tolerance before making trading decisions.