The take profit is a price level which instructs the market to exit a trading position for a profit.
In lesson two of the MATI Trader system, I’ll explain exactly where to place your take profit level with each trade.
A time stop loss is a level that takes you out of a trade, after a period of time has elapsed, to avoid holding a non performing trade.
In lesson five of the MATI Trader system programme, I’ll explain exactly how the time stop loss works.
How I became a professional Forex trader - and how you can do exactly the same
My name’s Timon Rossolimos and I am a professional trader.
I run a small trading newsletter in the heart of Gauteng, Johannesburg, and have been doing so for the past three and a half years.
Before that I managed a restaurant, traded for myself and worked at a few broker houses.
It’s there I first became interested in trading - but with normal trading in shares, not realising just how profitable trading the currency markets could be.
I was trying to find a genuine way to profit from Forex trading among all the misinformation and downright lies bandied about on the web.
What a loyal MATI Trader System Programme Member
has to share:
“Great work you've done with the MATI Trader System Programme. It’s simple, straight forward and easy to understand.
Thanks for being a great inspiration.”
George K, Johannesburg
There's takeover opportunities everywhere!
If you’d bought stock just before these companies were taken over... I'm talking about Absa, SA breweries, and more recently Clover and Pioneer Foods they 'would likely [ have been] some of the best investments, you could have made says analyst Francois Joubert.
Now, a similar opportunity is building. But this unfolding story is a lot BIGGER
Q. “According to your MATI Trader System, on the Nasdaq the daily time frame has formed a Falling Wedge (triangle) pattern. Can you confirm this with your analysis?”
A. Great work! Your analysis was spot on…
There is most definitely a Falling Wedge which formed on the Nasdaq. Before I get into the three confirmations, first let’s flesh out the Falling Wedge analysis…
Since June 2019, Nasdaq has been forming a Falling Wedge pattern (shaded triangle).
Now that the price has moved 3/4s to the apex, we can expect a breakout to the upside which will send it to the first target at 114.40 (according to the criteria set in lesson 2 in the MATI Trader System Programme).
Now as per your question, there are three criteria that you can use which confirms this as a Falling Wedge pattern.
Confirmation #1: The previous trend was up
Every Falling Wedge pattern needs to have a strong previous uptrend. In technical analysis we call this a ‘flag pole’.
Looking at the above chart, you can see that there was clearly a strong flag pole from January 2019 up until June 2019 (black arrow).
Confirmation #2: Must have formed over 3 months
For it to be called a wedge, the pattern needs to have formed over a period of at least three months.
We can see that the Falling Wedge has formed over four months from June up ‘till October 2019 (Shaded area).
Confirmation #3: 3/4s of the apex
For a solid Falling Wedge formation to have formed, we need to wait for the price to reach 3/4s of the apex before the breakout.
With the Nasdaq we may need to wait a couple of days before we get a confirmed breakout. Once this happens, it will be the perfect opportunity to get in and profit from the upside.
Author Note: I would like to extend this invitation for us to find high profitable trades to profit and live a lifestyle of financial-freedom from my life’s work. You’ll need to act quick as this is the final call to join before my publisher takes it off…
Founder, MATI Trader System