Trend line Strategy ~ forex trading disclaimer

3:21 PM in Forex, fractal, guru, line, strategy, the, trend

This is a good simple strategy. I have traded it myself on a demo account with great success. It involved looking at the daily charts and drawing trend lines. A trend line must connect to at least two points. It is important that the trend line doesn’t have any breaks between the two points it connects to. Here is an example:

As trend lines are often used as support and resistance points, the market often bounces and sometimes even reverses at them. The way we can use this to our advantage is by placing buy or sell orders at the trend lines. We can place a stop just below the trend line, but ensure you leave enough room for volatility. If the trend line holds you can either set a TP at a support or resistance point or use a trailing stop. I like trailing stops personally. If the trend line breaks you take a small loss, but if it holds as they so often do you have a good chance of a winning trade that greatly exceeds the risk you took. You can see how this happened on the 3rd point of the trendline in the chart above. If you had placed a buy order at this point, it would have been a very nice, low risk trade.

Source: forexpm.com

forex trading disclaimer

Read more

Simple balanced system ~ forex trading dallas

9:11 PM in balanced, Forex, line, simple, strategy, system, trend

Current Forex trading system represents a well thought and very simple combination of indicators. Knowing what signal to look for with each indicator, provides a strong tip for good entries and exits. 


Time frame: Any.
Currency: Any.
Indicators: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, 70, 30) 


Entry rules: Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up) and Stochastic is not in overbought position (above 80.00 level) and RSI is above 50. 


Entry rules: Sell when 5 EMA crosses below 10 EMA and Stochastic lines are heading south (down) and Stochastic is not in oversold position (below 20.00 level), and RSI is below 50.
Exit rules: when 5 EMA and 10 EMA cross in the opposite direction or if RSI crosses the 50 mark again. 

Source: forex-strategies-revealed

forex trading dallas

Read more

3 white soldiers 3 black crows Strategy ~ forex trading demo app

3:17 AM in 3, black, crows, Forex, in, line, my, sand, soldiers, strategy, the, white

Very Simple system - simply look for 1 of 2 candle formations at or near the bollinger band (in this case the default 20)

You are looking for either 3 consecutive bulish candles for a buy, 3 consecutive bearish candles for a sell - thats it!!! - 3 white soldiers / 3 black crows formations

Things to note. On the larger moves, the price WILL retrace. Best thing to do in this situation is when you see this happen (typically 1 or 2 candles in the opposing direction) simply close the trade and re-enter when the price has returned to the point where the change started. as for exit strategy - a lot of the time you can count on approx 2 - 3 times the value of the retracement (e.g. if the price retraces 10 pips, then you are looking on the re-entered trade of a TP between 20 - 30 pips!

You can use ANY 3 consecutive candles, however this works best when the price has just "bounced" off the Bollinger Bands.

Source: forex-strategies-revealed

forex trading demo app

Read more

My Line In The Sand Strategy ~ forex trading daily chart strategy

5:51 PM in Forex, guy, in, line, my, sand, strategy, stupid, the

Every one says keep it simple and the trend is your friend. This is as simple as it comes and it utilizes daily trends in the Forex.


Currency pairs: ANY
Time frame chart: Daily
Indicator: SMA (I use a 30 SMA on most my charts but the idea is to choose a SMA that gives you the best looking trends.)


Entry / Exit rules:
Crossing the SMA in either direction, in other words you reverse your position when ever the price crosses the SMA



Money Management:

2% of your account per trade
1 open trade per pair with a stoploss of 1/2 % of your account (even though the idea is to reverse your trade  every time the price crosses the SMA, there will be times that you’re not going to be there in front of your computer and in those cases you will need a stoploss to ensure your account only takes a small loss.)

Advantages: This is a trend following system and the Forex does trend.

Disadvantages: In periods when the market is not trending there will be a lot of little losses. (For me, this is price I pay in order to catch a big trend.)

Source: forex-strategies-revealed

forex trading daily chart strategy

Read more