Forex Trading Strategy 131 - forex trading with bitcoin

Forex Trading Strategy 131 ~ forex trading with bitcoin

Trade of the week: Amazing +550 pip profit (+11%) trade on XAU/USD H1 on 29-31 October 2014
For more details, click "Examples of Trade" in the menu

Its downtrend on the daily chart and we expect wave 5, on H4 the direction is south also. We take the break of a lovely double lower H1-H4 level of the fractal box. We have no exit signal but we exit always before the end of the week, for +550 pips

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Forex Trading Strategy 133 - forex trading with small capital

Forex Trading Strategy 133 ~ forex trading with small capital

Review of the week 20 -24 October on 9 pairs H1

A small week: +6% profit, only a good trade on USD/JPY

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Donchian Channels with 50 Simple Moving Average - forex trading 1 hour chart

Donchian Channels with 50 Simple Moving Average ~ forex trading 1 hour chart

Designed to Trade Quick Momentum Moves

Best Suited for Day-Trading Forex

Select Time Frames / Any Market / Any Direction

Best Time Frames: 20, 30, 45, 60, 90, 120 min.

Learn the Strategy – Paper Trade First!

The Specialist’s Edge – Consistency

Indicators:

50-period Simple Moving Average (sma),

14-Donchian Channels.

Rules - Buys

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be above the 50-period sma.

2. Look to buy when the close is either at, or 1 pip below the high of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

4. Enter to buy on the next bar only, if the price trades 1 pip above the SET UP bar’s high. (If price does NOT trade 1 pip higher on next bar, then negate the trade).

5. Place protective stop 1 pip below the low of the SET UP bar.

6. Sell (exit) on Range Extension of 200% and/or 300%.

Step 1

Price must be above the 50-period sma.

Step 2

Look to buy when the close is either at,or 1 pip below the high of the price bar. (SET UP BAR)

Step 3

Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

Step 4

Enter to buy on the next bar only, if the price trades 1 pip above the SET UP BAR’S high.

(If price does NOT trade 1 pip higher on next bar, then negate trade).

Step 5

Place protective stop 1 pip below the low of the SET UP BAR.

Step 6

Sell (exit) on Range Extension of 200% and/or 300%.

Rules - Sells

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be below the 50-period sma.

2. Look to sell short when the close is either at, or 1 pip above the low of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the highest high of the last 5 bars.

4. Enter to sell short on the next bar only, if price trades 1 pip below

the SET UP bar’s low. (If price does NOT trade 1 pip lower on next bar, then negate the trade).

5. Place protective stop 1 pip above the high of the SET UP bar.

6. Buy to cover (exit) on Range Extension of 200% and/or 300%.

Donchian Channels with 50 Simple Moving Average Sell

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