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