Simple 1 2 3 Swings Strategy ~ forex trading done for you

12:31 PM in 1, 2, 3, Forex, simple, strategy, swings

This Straegy is based on the same study of defining support and resistance levels and trading upon the fact of their violation.

A trading setup requires only an open chart and no restrictions for the currency or timing preferences.

Entry rules: Once the price makes it through the “pivot Line” - dotted white line on the figure below (drawn using the latest price peak) - and closes above (for uptrend) or below (for downtrend) the line buy/sell accordingly.

Exit rules: not set. However, exit can be found using Fibonacci method; or traders can measure the distance between point 2 and point 3 and project it on the chart for exit.

Additions: as an additional tool traders can use MACD (12, 26, 9). The rules for entry then will be next - let’s take a SELL order: When MACD lines cross downwards, you look for 1-2-3 set-up to form. When the price starts “attacking” the “pivot Line” you check that MACD is still in SELL mode (two lines are heading down). Once the price closes below the “pivot Line” – place Sell order.

Same chart: MACD (12, 26, 9) is added.

Advantages: gives 100% profitable entries.

Source: forex-strategies-revealed

forex trading done for you

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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

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5x5 Simple System Strategy ~ forex trading documentary

5:44 PM in 5x5, eur, Forex, simple, strategy, system, usd

Just look what this trading strategy has to say. Its a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.

To start:
Currency: ANY
Time frame: 1 day
Indicators: 5 SMA, RSI 5 Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.
Exit rules: not set.

It is a very very simple system, yet with quite impressive results.
Always remember to take actions/enter the trade only after the signaling candle is closed.
This Strategy or trading idea can be used to create more advanced trading version.

Source: forex-strategies-revealed

forex trading documentary

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EMA Breakthrough Strategy ~ forex trading during holidays

12:28 PM in breakthrough, crossover, ema, Forex, macd, simple, strategy

Sooner or later all Forex traders begin experimenting with different EMA settings.
Quite often very interesting combination can be spotted. Here is one Simple Forex system based on 50 EMA indicator.

Any currency pair.
Time frame: 90 minute or 3 hour chart, 4 hour chart
Indicator: 50 EMA.

Entry: watch for a candle to pierce 50 EMA and finally close above (to enter Long) or below (to go Short). Enter with the second candle after it makes 5 pips higher than the previous one.
Exit: not set.
Stop loss order: 15 pips below 50 EMA.

Source: forex-strategies-revealed

forex trading during holidays

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Key Simplicity Strategy ~ forex trading days in a year

8:11 PM in 1, 2, 3, Forex, key, simple, simplicity, strategy, swings

A trader can decide on his/her trading plans by a simple 1 second glance at the chart. It is a very simple Forex trading system that is a pleasure to use for traders with a busy schedule.

Strategy requirements:
Time frame: 1 day
Indicators: 5 EMA, 12 EMA, RSI 21
Currency: ANY
Entry rules: Buy when 5 EMA crosses up and over 12 EMA and RSI is above 50. Sell when 5 EMA crosses down and below 12 EMA and RSI is below 50.
Exit rules: exit when 5 and 12 EMA cross again or when RSI crosses back through 50.

Since it is a daily system the logic behind it can be described as simply following the daily trend. Because EMAs are lagging indicators they actually help us in this case. The signaling EMAs cross appears after a good pause which is just enough for the new trend (if any) to be established.

Source: forex-strategies-revealed

forex trading days in a year

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EUR USD Simple System Strategy ~ forex trading desk

1:34 AM in balanced, eur, Forex, simple, strategy, system, usd

As we move forward we discover a strategy that fits only chosen currency pairs.
Take a look at the next Forex trading system:

Currency pair: EUR/USD.
Time frame: 30 min.
Indicators: MACD (12, 26, 9), Parabolic SAR default settings (0.02, 0.2)
Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards – buy.

When Parabolic SAR gives sell signal and MACD lines crossed downwards – sell.
Exit rules: exit at the next MACD lines crossover or if the market starts trading sideways for some time.

Source: forex-strategies-revealed

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Gold Trading 20 08 (updated) ~ forex trading classes online

6:02 AM in 08, 20, breakout, Forex, gold, simple, system, trading

New Date luck and success
_Strategy 1:
Sell limit  : 1375
Stop loss   : 1383
Take Profit : 1360

Strategy 2 :
Sell Stop   : 1358
Stop loss   : 1366
Take Profit : 1350
Price at the time of writing : 1367 usd/oz
Hope luck !

Gold 20/08/2013

forex trading classes online

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Simple breakout System ~ forex trading days

9:51 PM in 5x5, breakout, Forex, simple, strategy, system

The idea behind this simple Forex trading system is to capture an early move of the price when it starts to establish its new direction/trend for the day.

As we know the Frankfurt market opens at 2:00 am EST (which is 7:00 am GMT), then an hour later the other giant - London market opens at 3:00 am EST (which is 8:00 am GMT). The European session is the first major session for each coming day.

So, what do we do?

We start with 1 hour time frame, preferred pair - GBP/USD and no indicators.

The price range we are going to focus on is from 1:00 am EST to 2:00 am EST.

We look for the highest high and the lowest low of the price in that range and simply draw parallel horizontal lines through those extremes that will create a tunnel.

Now we are ready to move to a smaller time frame - 5 minute chart - and watch for the whole 5 min candle to close outside the tunnel which will provide a signal for us to enter with the open of the next candle.

We use a 20 pip stop OR the other side of the tunnel - whichever is less.

We are aiming at at least 20 pips profit. After that we have several options: lock the profit in, start "chasing" the price with a trailing stop by placing the stop just below the lowest low of the previous 5 min candle, or simply exit within the three consecutive hourly candles from the moment the trading order was filled.

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Simple MACD Crossover Strategy ~ forex trading do's and don'ts

12:27 AM in cossover, crossover, Forex, lines, macd, simple, stochastic, strategy

Trading with MACD indicator is widely used by Forex traders.

Lets take a glance at the very basis of currencies trading with MACD indicator.

We will need only MACD indicator with standard settings: 12, 26, 9.

Any time frame as well as any currency pair can be used.

Entry rules: When the MACD lines’ crossover appears – enter (or wait for the price bar to close and then enter).

Exit rules: when MACD lines next crossover occurs.

Advantages: very simple approach and can give good profitable entries. Traders may want to change MACD default settings depending on the currency and chosen time frame. For example, traders may test next MACD set ups: 

USD/CHF MACD (04, 07, 16), EUR/USD MACD (02, 03, 20), GBP/USD MACD (02, 03, 04) for different time frames.

Disadvantages: you will need to sit and monitor it again and again. MACD has little use in sideways trading market. It is also never used alone, but rather in combination with other indicators.

Source: forex-strategies-revealed

forex trading do's and don'ts

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