- Trading can involve simple patterns, entries, risk reduction, and exits, but managing risk and other variables that make up the act of trading requires work. - A simple uptrend was present in the USDCAD market over recent weeks, with large momentum moves, however the past 10 weeks have been in a pause. - When the channel formed by the recent uptrend was broken with momentum, it provided a signal to enter a long trade, with the trade being exited for a profit of 134 pips.

2. You’veheardhowsimple
tradingcanbe. Thisdoesnot
translateto"easy"however

3. Theworkyoudotofind
trades,managerisk,and
othervariablesthatmakeup
theactoftrading,issimple.

5. USDCAD

6. Asimplepattern
Asimpleentry

7. Asimpleriskreduction
A simpleexitfromatrade

8. CONTEXT
-SteadyuptrendintheUSDCAD
-TwoweeksinJanoflarge
momentummoves
-10weeksofthemarketinapause

11. Whenthe channelis
brokenwith momentum

12. Channelscanhighlight
tradingranges,trends,and
evenpullbacks.

13. Asimpletoolwithmany
uses.Ijustconsideranytype
ofchannelaconsolidation.

14. Sloppy Range

15. Neithersideiswillingtopush
priceinadirectionwhich
indicatesaroughagreement
onthecurrentpricerange.

16. Hindsightiswhereweallare
highlysuccessful!!

19. It'sareversaltypecandleof
coursebutthehighlightfor
mewasthatitprobedbelow
thebottomchannelandwas
quicklyrejected.

20. Thedetailsbehindthe
sceneswasnotimportant
butthisfailuretestwasan
entryformeintoalong
trade.

21. Youdon'tneedtoknow
thereason behind
everything thathappens

22. Ididnotwaitforthecloseof
thedailycandlebecause
location,context,andsharp
rejectionwasenoughforme
toriskonthistrade.

23. STOP ZONE

24. Stop location can be difficult due to angle of price movement

25. Youmaywanttoexperiment
withusinganATRtypeof
stopwithpullbacks

26. One easywastocutriskisto
takesometradingprofitsat1R
Keepsyourequitycurvemoreinvitingaswell!

27. www.netpicks.com/risk-managment-trading/

28. Mytradetrigger?
Obviousreversalcandleata
primelocationinamarket
thatisinanuptrend

30. Itwas impossible to
ignorethat candleand
mystop was ramped up
justbelowthe low.

31. Iwastakenoutofthis
positionleavingmeUSDCAD
flatwith134pipsonthe
scale&53ontheprofitstop

32. Therearecluesoncharts
howevernoteveryclue
buildsacasebigenoughto
baseatradeon.

33. Not every move
is playable

34. Simplepatterns.
Location.

36. Simpletradingtoolsand
gettingthemostofituntil
thetimecomestoexit