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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Forex Trading Strategy 130 - forex trading without stop loss

Forex Trading Strategy 130 ~ forex trading without stop loss

Review of the week 27 -31 October on 9 pairs H1

A lovely week: +13.5% profit  due to a massive trade on XAU/USD: Thanks Gold!

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Scalping day - forex trading 4 hour chart

Scalping day ~ forex trading 4 hour chart

Scalping Day tools

The major support and resistance levels and patterns we will use on the 5M chart are:

A. The High and Low of the Previous Day.

B. Fibonacci Levels drawn from the High and Low of the Previous Day.

C. The 200ma. (Only on entry when no other levels are near)

D. The 75ma and the 21ema to gauge trend.

E. The Fast Run Up/Down price move and the large bar/spike bar move, which indicate a

possible trend change.

The priority of the levels from strongest to weakest are as follows:

Strongest Levels:

High Previous Day and Low Previous Day.

Fibonacci levels.

Weakest Level:

200ma (used only for starting a trade if no other levels are near)

Test of Support and test of resistance.

MA’s:

21ema is stronger than the 75ma.

Strongest Entry and Exit Patterns:

Large bar and Spike bar.

If Large bar or Spike bar is preceded with Fast Run Down or Fast run Up.

Weaker Entry and Exit Patterns:

Fast Run Down and Fast Run Up with no Large or Spike Bar.

As price nears these levels we note what price does at these levels. It may start a move with the

trend or move counter-trend. It may also do nothing. The 75ma/21ema are not levels. They are

guides to know if the market is trending and how much it is trending. This information can be used as when the market is in a trend, as the old saying goes, we do not fight it. Meaning we trade in the

direction of the trend. The 200ma is used only to initiate a trade if not other levels are near. It is also

used to note if the market is on the Bullish or Bearish side. If price is above the 200ma it is Bullish. If price is below the 200ma it is Bearish.

The charts below are examples of the 5M levels and patterns. Our trading runs from midnight to

noon Eastern Time.

Trending Day:

A. When the market is trending it is best to trade with the trend and wait to see if the trend

changes at a major S/R level. Many times the trend will continue past all levels. But note that a start

of a trend will usually start at one of the major S/R levels. The 21ema and the 75ma are used mainly

on these days for trade entry.

Non-Trending Days:

A. We use S/R levels to initiate a trade. The DT/DB pattern is used for confirmation

Range Days or times:

A. If price on the 5M makes two tops and two bottoms near each other the market has

moved into a range. Another way to look at it is a DT and a DB or vice versa. Enter

and exit quickly at the tops and bottoms of the range. Once a range has started d not

trade 10/21 crossovers. Trade only aggressive trades or stay out. Conservative trades

will not make any profit in a range.

Previous Days High and Low Levels: (Strongest S/R level)

A. Draw lines on the current days chart from the high and low of the previous day. The

previous day is from midnight to midnight. So if the current day is September 23 you

would draw the lines from midnight on the 22 nd to midnight on the 23 rd .

B. Price can be 15 pips or less on either side from the HPD/LPD and be valid if price

reverses, or passes the HPD/LPD. Best for Counter-trend moves.

Fibonacci Levels:

A. The extreme Fib levels are the strongest. They are the 38.2% and the 78.6% Fibs.

However price can hit any Fib level and reverse. Best for C/T moves.

B. Price can be 4 pips or less on either side of the Fibonacci Level. Best for 1 st entry only.

200ma:

A. The 200ma works effectively to initiate a trade when no other levels are near only. It is

also good to note if the market is bullish or bearish.

Double Tops/Bottoms:

A. These are common technical patterns that are used in trading. They can be seen all

over the chart. They are most important when used with a level or for a possible trend

change on a non-trending day. A double top is shaped like a ‘M’ and a double bottom

is shaped like a ‘W’. See the Introduction to Technical Analysis in the back of the

Introduction to Forex bonus ebook included for examples.

Fast Run UP/Down Patterns:

A. These patterns are seen most of the time a price makes a quick attempt to reach a

major level. Most of the time they indicate a possible trend change. We need to be

watching for these patterns as price nears a major S/R level.

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Forex Trading Strategy 148 - forex trading income calculator xls

Forex Trading Strategy 148 ~ forex trading income calculator xls

Market Analysis of the 22nd of September 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1
Click on the Menu on "Market Analysis" for all the analysis.

All the pairs are in the very clear trend (except USD/CAD) therefore no setup on D1 but it gives a strong direction for the trades on the lower TF like H4 or H1.

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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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Forex Trading Strategy 121 - forex trading with 1000 dollars

Forex Trading Strategy 121 ~ forex trading with 1000 dollars

Trade of the week : EUR/USD H1: 21th of November: +135 pips (+3.5%)

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

This one is a contre-trend trade. On H4, its downtrend and we expect the wave 5, on the 19th we do have a BDC indicating a possible change of H4 direction, so we look at a setup on H1; We have a perfect one on the Friday London Open with a lovely inferior level of the fractal box. We take the break and the price dropes, we have a perfect exit at the bottom of the D1 box for +135 pips.

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Forex Trading Strategy 128 - forex trading with fidelity

Forex Trading Strategy 128 ~ forex trading with fidelity

Trade of the week: Good +120 pip profit (+4%) trade on USD/CAD H1 on 3-5 November 2014
For more details, click "Examples of Trade" in the menu

On H4, its an uptrend with alligator open, we had a first break of the fractal box on H1 and after a retrace we take this second break. The price flies and is always above the red line, we exit when the candle crosses the green line after the 3rd divergence (not before as the H4 ewave was still close to the zero line and was peaking)

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RSI with Moving Averages tool for trading - forex trading best hours

RSI with Moving Averages tool for trading ~ forex trading best hours

RSI removes volatility and gives signals flowing along with moving averages.
This tool for trading is constructed as follows:
2 moving averages on the price (7 simple and weighted 34) and two moving averages on the indicaatore RSI (4 smooted 21 and weighted).

Trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.

Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Time Frame 4H or Higher.

Another way of interpreting this technique and to add to the Levels of 60 and 40.
The area between these two levels is defined: the lateral area.
New trading rules.
Buy RSI above level 60.
Sell below the level 40 of the IHR.
If RSI is between 40 and 60 not to trade.

Example trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.
RSI above 60 level.

Example trend down
Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.
RSI below 40 level.

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Using moving averages to analyze the market - forex market hours christmas

Using moving averages to analyze the market ~ forex market hours christmas

Generally moving averages can be used to analyze the market in order to identify the following features:
Identify a trending market (up or down);
Locate a lateral phase of the market (ranging market);
Understanding the levels of support and resistance static or dynamic;
Identify the levels of breakout.
Moving averages identify a trending market when:
The moving average is rising
- The price line tend to be above the moving average
- A shorter moving average crossed the longer moving average

To identify a trend long occor look at daily or weekly charts.
To identify the longer term trend you can draw 200 SMA and 144 EMA onto the chart.
Simply When the 144 EMA is above the 200 SMA and at the same time the price is above the 200 SMA while Both moving averages are diverging.

Now, we have the big picture of the market and we at least know that a LONG trade is not as risky as a SHORT trade. However, a short term trader needs a short term signal to enter the market. A short term LONG signal would identify when:

- The 144 EMA crossed the 200 SMA on 4H chart;

- The price must be above the 200 SMA;

- The MAs is diverging;

Velocity of market with moving averages 

When a market is in an uptrend the shorter moving average tends to diverge quickly from the longer moving average and this makes the distance between two moving averages looks wider. This phenomenon indicates that the momentum (velocity of the price) of the price is rising. 

Otherwise, when two moving averages are converging after they diverged once earlier (Where we took the LONG trade), the price tends to pull back and this means the momentum of the market is slowing, so the LONG trade is about to be invalid and we must exit the market. 

Furthermore, two moving averages are on their way to cross over again but this time shorter moving average cross the longer moving average in opposite direction (Downward). The downward cross over of two moving averages gives us very valuable information in which  the momentum has slowed into levels that the price can not rely on it anymore. A very weak momentum would means that the market is going to be lazy (Consolidation) so we must avoid this situation and wait till a new clear signal tell us what to do next.

Pratical setting of moving averages:

short term scale:

fast: (6, 13) periods, close (EMA and SMA),

triple moving averages  9, 10, 13, 18, 20 and 21 (periods),

40, 55 and 89 periods for medium term scale,

100, 144, 200 for long term scale.

EMA=Exponetial moving averages.

SMA=Simple moving averages.

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Parabolic Sar and three exponential moving averages - forex market hours on friday

Parabolic Sar and three exponential moving averages ~ forex market hours on friday

Parabolic Sar and three exponential moving averages

Parabolic Sar and three exponential moving averages is a tren following trading system, that uses 2 technical indicators to determine you when you should enter and exit a trade.

Technical indicators:

Parabolic SAR (0.2 0.02),

the Exponential Moving Averages 10, 25 and 50 (period).

Time Frame 60 minute

Currency Pairs: majors (EUR/USD, GBP/USD, USD/CHF, AUD/USD, AUD/JPY,GBP/JPY, USD/JPY).

Rules

10 EMA crosses the 25 and the 50. If the 10 EMA crosses the 25 and 50

up from the bottom, you enter your trade ‘long’ and ‘buy. If the 10 cross the 25 and 50 down from the top you go ‘short’ and ‘sell’. Make sure that when you get into your trade that the Parabolic SAR is on the bottom when you go long and on the top when you go short.

Parabolic Sar and three exponential moving averages

In the example (Buy) USD/CHF , where I indicated the enter. See how the 10 EMA crossed up the 25 and 50 and the Parabolic SAR was on the bottom.

Confirm this trade with a switcth at the 15 min charts Parabolic SAR is going the same way. Note: never trade against the 15 min Parabolic SAR .

EXIT a trade

When the 3 EMAs crosses in opposite direction, this is a best way to exit a trade.

Set stop loss below/above the 50 EMA.

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Forex Trading Strategy 119 - forex trading websites

Forex Trading Strategy 119 ~ forex trading websites

Market Analysis of the 1st 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.

Clear divergence between price and Ewave on EUR/USD & USD/CHF, downtrend on GBP/USD & XAU/USD (new wave 3 push) and AUD/USD (wave 5), uptrend on the YEN pairs and USD/CAD (could be the A move of the wave 4 or start of the wave 5), finally NZD/USD is in the wave 4 with a sleeping alligator, maybe we will have a D1 setup in the next few days (it looks now like the b move of the wave 4).

Therefore, we will check closely NZD/USD for a D1 short setup, we will look for a short H1/H4 setup for GBP/USD, XAU/USD and AUD/USD, we will be careful with EUR/USD and we will look for a long H1/H4 setup for the YEN pairs and USD/CAD (USD/CHF as well with prudence)

For more details, click  "Signals" in the menu

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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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