Eagle Trading System - forex market hours etoro

Eagle Trading System ~ forex market hours etoro

Eagle trading System is a trend following system based on moving averages and ADX (Average Directional Movent Index).

Time Frame 15 min, 30min, 60 min, 240 min.

Markets: Currencu Pairs (majors) and Index.
Indicators:
Exponential Moving Average 16 period, close;
Simple moving average 200, close;
Average Directional Movent Index 14 period close (with level 23).

trading Rules for Eagle Trading System

Buy
16 EMA cross up SMA 200 ;

ADMI is above 23 level.

Sell

16 EMA cross down SMA 200 ;

ADMI is above 23 level.

Profit target 20-40 pips

Stop loss 20-30 pips.

Tips: Eagle trading system is good for intraday trading.

Eagle Trading System

Eagle Trading System

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Indecision Candlestick Pattern Doji - forex market hours sydney

Indecision Candlestick Pattern Doji ~ forex market hours sydney

Doji

Doji is one the most important candlesticks formations. This pattern implies indecision in the market place as buyers and sellers are exterting equal pressure on the markets. In addittion, this pattern shows that there has been a large trading range. But the price does not closeon an upside oe downside bias. A true doji formation has an horizontal line instead of a body, with a long wiks. There are numerous varieties of dojis, with some examples found in Pictures , but they all connote indecision on the part of the market. If the market ia a range trading the doji indicates a neutral market. If the market is a ralling, a doji is a signal that may be losing steam an the price may start to decline from here. If the market is declining, a doji is a signal that the decline may be ending and the market may start to decline from here. Therefore, a doji provides signals of potential market top or bottoms. Hower it is also important to compare the doji to recent price action. If there has been a series of near doji or small candles the doji formations is less significant. A doji formation is significat it is appears after a long green candle in an uptrend or a long red candle in a dow trend. A double doji shows that buyers and sellers are still in equilibrium, wich further indicates that a trend reversal is probably imminent.

Below example of Doji formations:

A simple doji candle, which displays amuted range and a close equal to the open.

A long-legged doji candle, which shows a wide-ranging day with both bulls and bears at a standstill by the end of the period.

Doji Candlestick Pattern Quiz

1.What is the structure of a doji pattern?

• Doji has an horizontal line instead of a body
• Doji has an horizontal line instead of a body, with a short wiks
• Doji has an horizontal line instead of a body, with a long wiks

2. What does the doji pattern?

• Decision in the market place: buyers are more that sellers
• Indecision in the market place: buyers and sellers are exterting equal pressure
• Decision in the market place: sellers are more that buyers

3.When Doji is less significant?

• If there has been a series of near doji and engulfing patterns
• If there has been a series of near doji or long candles
• If there has been a series of near doji or small candles

4. When Doji is more significant?

• Doji appears after a long green/red candle in an trend
• Doji appears before a long green/red candle in an trend
• Doji appears before a harami candle in an trend

Score =

Correct answers:

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Three shorts moving averages crossover - forex market hours europe

Three shorts moving averages crossover ~ forex market hours europe

Three shorts moving averages crossover is an trading systems based on fast exponentials  moving averages are simple and easy for make trading. 
Markets: Currency pair, Indicies. 
Time frame chart: 15 min chart, or higher.
Indicators: 9 EMA, 21 EMA, 50 EMA. 

Trading rules:
Buy
9 EMA goes above 21 EMA and 50 EMA.
Sell
9 EMA goes below 21 EMA and 50 EMA.

Exit position rules:
exit when 9 EMA crosses 21 EMA in opposite direction.
Make profit on the support or resistance line or pivot point.
Place initial stop loss on the previouis swing High/Low.
Advantages: it is simple to use, and it make interesting results in trending market or during big price breakouts .
 Disadvantages: during the sideways market  with little fluctuation of the price this strategy give many false signals.
Solution: find the market in trend following and apply this trading system and trades only in the direction of the trend.
Three shorts moving averages crossover is a classic trading strategy.

Three shorts moving averages crossover

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Stochastic Oscillator with trend line - forex market hours easter

Stochastic Oscillator with trend line ~ forex market hours easter

Stochastic oscillar with trend line is a trend momentum trading system. Time Frame any but  4H or daily recommended.
Markets: Currency pairs, Commodities and Indicies.
Indicators: Full Stochastic (14, 3,3, close).
Too:l trend line.
Trading rules Stochastic oscilllator with trend line
Draws on the chart trend line. (find chart in trend this is a basic condition). trades only in direction of the trend.
Buy
Oscillator stochastic reached oversold area below level 20 and after reached level 10 when exit from oversold zone and crosses upward 20 level you make a buy order.
Sell
Oscillator stochastic reached overbought area above level 80 reached 90 level  when exit from overbought zone and crosses downward 80 level put a sell order.
Advantages: With the trend line on the chart to eliminate many of false signals. This strategy is very simple for trading.
Disanvantages: The stochastic indicator can generate many false signals. Tracing a trend line requires experience. How to draw a trend line

Stochastic oscillator with trend line

Stochastic with trend line

How draw a trend line

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20 100 5min scalping momentum strategy - forex market hours gmt.ex4

20 100 5min scalping momentum strategy ~ forex market hours gmt.ex4

5min scalping-momentum strategy is my favorite fx strategy for time frame 5-Minute )

Markets: Currency pairs majors, and Index.
Indicators for this strategy:

1. The 20 EMA (exponential moving average , close);
2. The 100 SMA simple moving average, close) ;
3. MACD. Default setting (12, 26, 9).

Trading Rules

Long entry
1. The currency pair is trading below both the 20 EMA and the 100 SMA.
2. Wait for the price to crossess upward above both moving averages by 15 pips, and
3. The MACD is > 0 no longer than 5 candles ago.
4. Buy at market.
Short entry

1. The currency pair is trading above both the 20 EMA and the 100 SMA.

2. Wait for the price to crosses downward below both moving averages by 15 pips, and

3.The MACD is < 0 no longer than 5 candles ago.

4. Sell at market.

Exit position

Place your initial stop at the previous swing low/high.
After 18 pips in gain move your stop to breakeven.

Use the trailing stop with 15 pips.

20-100 5 min scalping momentum strategy

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Indecision Candlestick Pattern dragonfly doji - forex market hours sunday

Indecision Candlestick Pattern dragonfly doji ~ forex market hours sunday

Dragonfly doji

The candlestick pattern dragonfly doji is a formation that is not frequently, but when it happens it often presages a turnaround in prices as it shows that prices dipped but then recovered to opening levels.

Dragonfly doji has the open, high and close are equal and the low creates a long lower shadow. We have that Dragonfly is a candlestick looks like a "T" with a long lower shadow and no upper shadow. Dragon fly fly doji shows that sellers control trading and drive prices lower during the session.

But, by the end of the session, buyerss are able to overturn the prices high to the level of the opening.

Why we consider dragonfly as a pattern of indecision in the market?

Because pattern dragonfly doji depends on previous price action and future confirmation of the forecast.. The long lower shadow indicates a buying pressure, but the low shows that many sellers still crontrol the market. After a downtrend, long black candlestick or at support, a dragonfly doji could indicate a potential bullish reversal or bottom. After a uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both conditions.

We agree with the interpretation that dragonfly doji is a indecision pattern. 

Dragonfly Doji Candlestick Pattern Quiz

1.What is the structure of a Dragonfly doji pattern??

• The open, low and close equal and the high creates a long upper shadow
• The open, low and close equal and the high creates a short upper shadow
• The open, high and close are equal and the low creates a long lower shadow

2. Why Dragonfly is a pattern of indecision in the market?

• Because buyers are more that sellers
• It provides an indication that do not depends on the future price action for confirmation
• Because it provides an indication that depends on the future price action for confirmation

3 When it appears to Dragonfly doji What should a trader?

• Sell at the opening of the next candle
• Wait
• Buy at the opening of the next candle

Score =

Correct answers:

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Lazy and Safe - forex trading times est

Lazy and Safe ~ forex trading times est

I call this most basic advanced strategy “Lazy and Safe!” Its best done in the 10, 15 or 30 minute time frame.

SET UP YOUR CHARTS:

1. Open a EUR/USD candlestick chart with a white background.

2. Add a moving average of 7 Exponential, Close. Change the color of the line to black.

3. Add your Bollinger Band and make the middle line 18 Exponential, Close, color red.

4. Add another moving average of 50 Exponential, Close, any color.

5. Add your Chaos Awesome Oscillator (or Macd Histogram), then theMomentum indicator, and then the Stochastic RSI Oscillator (or the RSI and the Slow Stochastic set at 14,5,5).

6. Optional: The Support and Resistance Indicator

Heres the strategy:

Going LONG:

Enter a long position when the black 7 EMA has crossed up through the red 18

EMA. At the same time, the Chaos and Momentum indicators should be

approaching or crossing their zero line, going up. The StochRSI should be

coming up from the bottom heading up towards its 50 line.

Going SHORT:

Enter a short position when the black 7 EMA has crossed down through the red

18 EMA. At the same time, the Chaos and Momentum indicators should be

approaching or crossing their zero line, going down. The StochRSI should be

coming down from the top heading down towards its 50 line.

When to take your profit:

Simple...when your Chaos Awesome Oscillator turns a different color!

Heres a screenshot of “Lazy and Safe!” in the 10 minute chart

Notice how the ema crossovers at the top co-incide with the Chaos and Momentum and StochRSI at the bottom. However, in the first long position at 18:10, the StochRSI is in an extended overbought condition which signifies a very strong bullish trend.

The round circles at the top are the exact entry points when the 7 ema crosses the 18 ema. The ovals at the bottom are the exit points when the

Chaos turns color.

Notice that the short period between the 1st long entry and the next short entry is labeled a“whipsaw, stay out”. The Bollinger Bands are narrow indicating a time of consolidation and potential breakout or breakdown. The Chaos and Momentum are flat on their zero lines, there is no volatility.

The moving averages are very close together also...you need space between them for the bigger moves. Do not enter a position during these conditions, youll only lose money. Wait for the breakout or breakdown.

Lazy and Safe Scalping Strategy

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