Forex Trend Magic Support Resistance Trading with TDI and Trader Zone Indicator

Trend Magic Support Resistance Trading System with TDI and Trader Zone Indicator.  The easiest tool to let winners run longer & cut losers early.

This is one of the best ways to trade the forex market because there is a logic behind it.

All traders hate losses and love a winner.

The problem is that this kind of thinking leads to holding onto losers and cutting winners – maybe that’s why it’s so hard to follow the old trading axiom, “Cut Your Losses Short and Let Your Winners Run“.

 

One of the most enduring sayings on Wall Street is “Cut your losses short and let your winners run“, but many traders still appear to do the opposite, exit the market after a small gain only to watch them head higher, or holding a small loss, only to see it worsens.

This behavior still exists today and is deeply ingrained in our DNA.

Therefore, not cutting trading losses and closing winning trades too early is hard to overcome and a problem traders have to actively work on.

A structured approach and regularly reviewing your trading performance is, therefore, a key to your success as a trader.

 

 

How to Cut Losses Short and Letting Your Winners Run?

The answer could be to change the way you think about losses; more specifically, love your losses.

There is no 100% loss free system!!

If you see a loss on an open position – take the loss.

LOVE THE LOSS.

Be happy that you banked a loss.

When you enter a trade expect it to be a loss. LOSSES ARE GOOD.

Sounds like counter-intuitive advice?

Well, successful trading is largely counter-intuitive.

Once you’ve changed the way you view losses the winners will seem to take care of themselves.

That said, winners need to be “RUN”.

Push the limits of your patience when holding onto a winner. Very often you’ll take profits only to see the market surge even further in your direction.

Be patient with winners.

Hold as long as you can.

Give them as much space as you can afford.

In this trading system, I’ll show you how to do that.

• Best timeframes: H4 or Daily chart
• Most recommended currency pairs: EURUSD, GBPUSD, USDJPY, USDCAD

 

• BBand Stop Alert
• Clock
• ScreenShot
• Support Resistance (repaint)
• Trend Magic
• Signal Trend
• Traders Zone
• MACD color alert
• TDI

 

• Trend Magic blue color
• Support Resistance line at previous swing low
• TDI:
  • Yellow line trends up between the lines 32 & 68
  • Green line upward over the red line
• Trend Magic lime color bars
• MACD color alert bullish (above 0 line)

 

• Trend Magic red color
• Support Resistance line at previous swing high
• TDI:
  • Yellow line trends down between the lines 32 & 68
  • Green line down below the red line
• Trend Magic red color bars
• MACD color alert bearish (below 0 line)

 

How to Cut Losses Short and Letting Your Winners Run…?

It’s very simple and easy to do.

Take look at the chart above for details.

I hope you get what I mean.

The only way to cut losses and let profits run is to first prepare yourself mentally. If you don’t have the willpower to do it, no system in the world will help you.
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