Forex Trading Strategy 111 - forex trading vs day trading

Forex Trading Strategy 111 ~ forex trading vs day trading

Market Analysis of the 22nd of December 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

EUR/USD: Still not in the wave 4 officially, new push of the price south and it is now below the fractal box reaching a new low. Downtrend
GBP/USD: Same as EUR/USD, no cross of the Ewaves zero line, however, we have a recent divergence. It is still a downtrend overall.
USD/JPY: After the last week divergence, we have a sleeping Alligator, we are maybe already in the "b" move of the wave 4 but that wave is still not official;
USD/CHF: The wave 4 is now official and we may are already in the wave 5 as the price is above the box and the lines of the Alligator are opening. Uptrend
AUD/USD: We still are in the wave 5 but we have reached TZ2 et this wave can become a new wave 3. Downtrend.
EUR/JPY: The Ewave is going back to the zero line and is about to cross it. The price is inside the Alligator lines so we have to be prudent;
USD/CAD: The wave 5 became a new wave 3. Uptrend.
NZD/USD: The wave 5 seems to be not completed, overall the chart is downtrend.
XAU/USD: We are in the wave 4, the Alligator is sleeping. We could see a wave "c" up or the start of the wave 5. Overall, it is a downtrend.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 22nd 8:00 GMT+1)

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Map of the Market with Breakout - forex trading hours 2016

Map of the Market with Breakout ~ forex trading hours 2016

Map of the Market with Breakoutis a trading system whose purpose is to identify the movements that occur on a day in all three sessions (Asia, Europe, America).

Time Frame 15 min.

To achieve this goal I have identified five boxes on the chart:

first (2:00 -3: 00);

second (5: 00- 6: 00);

third (9: 00- 10:00);

fourth (15: 00- 16:00);

fifth (17: 00- 18:00).

These boxes are determined by the fact that the market movements on average occur after these hours.

First way

Buy

Place a buy stop order 2 pips above the last 15 minute candle of the box.

Sell

Place a sell stop order 2 pips below the last 15 minute candle of the box.

Second way

Buy

Place a buy stop order 2 pips above the high of the box.

Sell

Place a sell stop order 2 pips below low of the box.

Profit target 15-20 pips. Aggressive profit target 5-7 pips.

Initial stop loss 20 pips after 14 pips in gain move stop at the breakeven.

You can also use a trailing stop of 15-18 pips.

In the examples show both ways to buy and sell.

I recommend the second, to consider, the maximum and minimum of the box to place pending orders.

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Forex Trading Strategy 113 - forex trading video tutorials download

Forex Trading Strategy 113 ~ forex trading video tutorials download

Trade of the Week: XAU/USD H1: 9-10 December: +200 pips (+3.5%)

For more details, click "Examples of Trade" in the menu

On H4, we have a perfect setup with a sleeping alligator and an Ewave about to cross the zero line, we look for an entry on H1. On H4, we missed the first break of the fractal box during the night and the second break before Francfort Open. We take the third break as the price did not go far and our initial stop loss is below the green line because we are in an investing mode (Risk: 60 pips). The prices flies and we exit at the candle who closes below the green line after the divergence for 200 pips (+3.5% Profit).

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