Range Breakout Scalping - forex trading hours in malaysia

Range Breakout Scalping ~ forex trading hours in malaysia

Time Sensitive Method: fast breakout range.

Range breakout scalping is a simple and easy method for trading. This method it’s based on six ranges of the price in the London and New York sessions. The range of the price is of 30 min,. The trades of this strategy are very fast.

Range prices:

London Session
1) 9:00 9:30
2) 10:00 10:30

New York Session
3)15:30 16:00
4) 16:30 17:00
5) 18:30 19:00

Trading Rules

Setup

Place two pending orders.

Enter on a buy stoporder 2 pips above the high of the 30 min range,

Enter on a sell stoporder 2 pips below the low of the 30 min range.

Profit: 5-pips profit .

Stop loss: 7 pips exit or close out position at the five minutes.

Apply this strategy 3 or 4 financial instruments and have the chance to win 120 pips per day.

In the example the strategy is applied to EUR / USD on 12.18.2015.

4 profit and no loss.

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Trading Styles - forex trading hours new years eve

Trading Styles ~ forex trading hours new years eve

There are different trading styles that can be applied.Thoset raders looking for very quick moves can adapt scalping strategies and tactics. A great portion of forex traders put on trades that have moderate-size intraday durations that allow the currency pair to move through a range. These traders go for 10 to 30 pip moves. Multiple day trades allow for larger profit objectives of 100 pips or more. Forex trading can also include the goal of trading for income. This goal is featured in carry trades and is a dominant strategy of large hedge funds and institutions. But carry trades are also possible for the average retail trader.

The beginning trader should explore many of these styles and strategies by creating trading setups that use a combination of technical indicators, and chart patterns to pin- point conditions for a trade there is no single style of trading, nor any one technical indicator

or methodology that will be sufficient. Successful trading of forex is a combination of

fundamental knowledge, technical tactics, and experience in pattern recognition.

The main style of trading are:

Range Trader,

Scalper Trader,

Day Trader,

Swing Trader,

Position Trader,

Meccanical Trader,

Carry trader,

News Trader.

Trading Styles

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Awesome with Bollinger Bands Scalping - forex trading hours in philippines

Awesome with Bollinger Bands Scalping ~ forex trading hours in philippines

Awesome with Bollinger Bands scalping is a trend momentum intraday system very simple but effective. Trading hours are London and New Yor Sessions.

This trading system work only in volatile market.

1 step choose the currencies where trading

Open charts on four hours or daily and identify two or three currency pairs that are breakout. Apply the ADX on these currencies, the value ADX must have a value greater than 25.

After go on 5 min chart or 1 min chart for trading.

Setup for intraday trading

5 min time frame or 1 min

Currency pairs with low spread (recommended ECN markets).

Indicators:

Bollinger Bands (20, 2),

Awesome,

Exponential Moving Average 3 period, close.

Trading Rules

Buy

EMA 3 period crosses upward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, upward .

Sell

EMA 3 period crosses downward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, downward.

Exit position:

1, When Awesome Oscillator turns a different color or with predetermined small profit target;

2. Initial stop loss below/above the upper/lower band.

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