Trade of the Day: Profitable Trades Analysis: Aussie New Zealand & NASDAQ

Created: 5th June 2024

Welcome to our Trade of the Day! Today, we're diving into two exciting trades: Aussie New Zealand and the NASDAQ. Let's break down how we identified these opportunities and turned them into profitable trades.

Aussie New Zealand Trade Analysis

Over the last three months, the Aussie New Zealand trade has shown promising patterns. Out of six trades, we saw five winners and just one loser—a solid track record. On Monday evening, we received a sell signal. Our indicators, including vector averages and trend signal lines, aligned to confirm a downtrend.

For this trade, we used a semi-aggressive stop of 53.8 pips, finding the initial 25 pips too tight. The target was set at 50 pips, providing a one-to-one reward-to-risk ratio. Remarkably, the trade hit this target within about 24 hours, showcasing a well-executed strategy.

NASDAQ Trade Insights

Next, we examined the NASDAQ. A buy signal triggered last night, supported by our indicators—the weekly and monthly trends, along with the vector average, all pointed to a rise. Early progress shows a gain of around 60 points against an aggressive stop of 143 points. While it’s still early days for this trade, the signs are promising.

Key Indicators and Strategies

Our approach hinges on a few key indicators:

  • Red and Green Outer Bands: Indicate sell and buy signals respectively.
  • Vector Averages: Show the direction of the trend.
  • Trendsignal Lines: Confirm momentum shifts.

These tools help us make informed decisions and set appropriate stops and targets, optimising our reward-to-risk ratios.

Learn More with Trendsignal

Want to discover how to find profitable trades like these? Register for our free trading webinar and learn the strategies that can turn you into a confident trader. Prefer a hands-on approach? Schedule a one-to-one walkthrough with a senior trader. See our software in action, get your questions answered, and take control of your trading journey.

By keeping a close eye on market signals and using strategic stops and targets, traders can enhance their chances of success. Stay informed, keep learning, and trade wisely!