Tampilkan postingan dengan label basic. Tampilkan semua postingan
Tampilkan postingan dengan label basic. Tampilkan semua postingan

Rabu, 25 Mei 2016

MACD Histogram Intraday Trading ~ forex trading peak hours


MACD Histogram intraday trading is a trend following strategy.
Currency pairs: EUR/USD, GBP/USD, USD/JPY.
Sessions: London and New York.
Time Frame H1
MACD Setup: 12,26,9.
In this strategy we analyze the correspondence between the candles and bars of the MACD.
When an candle close we see the colour of the candle, the open, the low, the high and the histogram bar of the MACD (12,26,9).
Buy
Candle closes as a blue candle and the MACD Histogram bar is above zero level or crosses upward go buy and place a buy order one pip above the high of this candle.

Sell
Candle closes as a red candle and the MACD Histogram bar is below zero level or cross downward, go short and place a sell order one pip below the low of this candle.

Exit position at close of the entry candle
This method of trading is also applicable to higher time frames as H4, H8, H12, and daily.

4h time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 15-20 pips.

Daily time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 30-40 pips;
Below exmple of how to use this trading system.

MACD Histogram Intraday Trading
MACD Histogram Intraday Trading


More info for MACD Histogram Intraday Trading ~ forex trading peak hours:
Read More..

Jumat, 20 Mei 2016

McDonalds Surprise Alarm App ~ forex trading youtube videos


McDonalds Surprise Alarm App

Have you ever wondered why McDonalds are always the fast food restaurant with the longest queue?
I dont know about you, but the way i see it, its because of people
like me (cheapskate you would say...haha) using their free rewards app McDonalds Surprise Alarm App redeeming free food or food at discounted prices.
If its not about food, they
give you a quote of the day as consolation. 
But hey, whos complaining? 
Its an alarm, its a reward, its free!

















How do you use the app?
You can download the app here.
After you have downloaded the app and created an account with them, you can set the time for your reward straightaway!

1) Tap on alarm


2) Tap on the hour, minute or am/pm and move the rim (yellow) to change the settings. You can also tap on the days you prefer the alarm to set off. (I just tap every day.)
Once you are done, tap save and you are 24 hours away from your next reward 
To redeem, just show your winning screen to the friendly McDonalds staff at the counter (you have 48 hours to claim your reward before it expires)
3) Tap on redeem once and in the next screen, tap redeem again until you see the 2 minute timer starts to count down

Congrats! You just saved yourself a few dollars. 

P.S - Ensure you have data connection when your alarm rings or you will not receive any prize. (by the way, it is very persistent and will continue to ring if you ignore it.) Also ensure you have data connection when you are redeeming your prize at the counter. 

PP.S - Reward works only once in 24 hours so do not attempt to set it for every minute. (coz ive tried it...)


Download from Google Playstore or Appstore







More info for McDonalds Surprise Alarm App ~ forex trading youtube videos:
Read More..

Kamis, 19 Mei 2016

The Basic Forex Trading Strategy ~ forex trading platforms compared





The Basic Forex Trading Strategy

The basic Forex strategy that is used by many traders of all experience levels, is Trend Following. This strategy is widely followed because of its simplicity to identify and trade and many times, strong trends can bail you out of an imperfect set of buy and sell rules.
A popular trading express is “the trend is your friend.” This expression has stood the test of time because many traders find it to be a critical building block of a trading plan. Before we delve into the basics of Trend Following, it is important to first explain why trend trading is a popular strategy used by many new and experienced traders.
Do you have the perfect Forex trading strategy? I have not found it. To me, a perfect strategy is the one that wins all of the time and has minimal trade drawdown. I hate to burst your bubble but a 100% win ratio strategy does not exist.
Therefore, learning how to trade in an imperfect world is very important. Trend following is a simple way to cover up some strategy imperfections by identifying the strongest trends in the market.
For example, if the market is moving up in a strong trend, it isn’t as important what the strategy is used to time entries, you simply need to be buying. When you trade in the direction of the trend, the rest of your trading approach can fall right into place. This doesnt mean that all your trades will be winners. It does mean that you dont have to be exact in your entries and exits once you find a strong trend to trade.
Now how do you know when a trend starts and when it is going to end? this is the $64,000 question. Since this is a beginners guide I will not elaborate on the various techniques that traders use to identify trends as this is beyond the scope of this book. I will however touch on several techniques in later chapters but note that these will be just in an introduction level without going too much deeper.
Any trader either a newbie or a pro should develop his own style of trading. There are several trading styles that you can adopt. You will choose your style based on your  personality and financial capacities.
Many traders make the mistake of adopting a trading style that is unnatural for them. A trader may adopt one of the following two main trading styles: Day Trading and Intraweek trading. Lets discuss each of them;
Day Trading
Day trading on Forex means that one or few trades are conducted within one trading day. As a rule, the time intervals between the opening or the closing of trades may take from several minutes up to several hours.

Despite some difficulties of day-trading, this type of trading is very popular among the newcomers as well as among experienced traders. Day trading allows for the opportunity to make a profit in a short time with a small amount of funds.
In order to achieve favorable results in an intraday trading it is essential that you make the right forecast as to the price movement, as there are many external factors that cause high volatility in the currency market. So to make your day trading beneficial you have to track the market situation, collate facts and make conclusions about the price behavior of currencies, it is also important to be able to react fast so that you will find entry and exit points quickly at the opening or the closing of trades.
Combining knowledge of technical analysis (to be discussed in a later chapter) with patience and observance a trader has good chances to earn well with a relatively low risk.
There are several strategies of day trading. The most widespread among them is Scalping - a strategy that is offering a fast opening or closing of several day positions. The trader closes trades while making just a few profit pips on each trade while the earnings come from the accumulation of a large number of successfully completed short term trades.
Another popular day trading strategy is news trading. Traders, who choose news trading, monitor the market events permanently, analyze the currencies behavior in different cases. Usually news trading requires an insight learning of market development and a proper trade experience accumulation.
Day trading can be a source of a nice income through the readiness to devote most of your free time to trading.
Now here are the advantages and disadvantages of day trading.
Advantages:
* doesnt require large sums of money;
* Trader may stop trading at any time;
* Minimal risk.

Disadvantages:
* High emotional pressure;
* Lack of time during a trading session.
This style is suitable for traders with endurance and quick reactions.

Intraweek Trading
Intraweek trade has no such furious market movements as in intraday trade. It may seem that the market is motionless. But it is just at the first sight. Intraweek trading has the following characteristics:
* A trade can remain opened for ten days;
* All trades are counted on taking the most part of profit on market movement;
* As a rule, not more than 2 positions are opened during a week;
* Requirements for invested funds are usualy higher than for intraday trading;
* The work time is multi-hour charts.

Intraweek pros and cons:
Pros:
* Not too much pressure;
* High profitability;
* There is free time during a trading session.

Cons:
* larger volume of funds is required;
* Trader may be outside the market during a trend correction;
* Impossibility to stop trading at any moment;
* Necessity to hold opened position for 24 hours.
Probably, every trader can find additional styles, but the two that weve mentioned here are probably the most common.



More info for The Basic Forex Trading Strategy ~ forex trading platforms compared:
Read More..

Jumat, 13 Mei 2016

Bollinger Bands Scalping ~ forex market hours gmt


Bollinger Bands Scaping is a forex strategy with a good profitability around the 80%.
Time frame 15 min , 30 min.
Currency pairs: Majors (EUR/USD, AUD/USD, USD/CHF, GBP/USD, AUD/JPY, NZD/USD, USD/CAD).
Indicators:
Bollinger Bands (20:2);
Stochastic oscillator (5,3,3).

Buy

When price out under lower band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess upward
open order buy with profit target 10 pips.

Bollinger Bands Scalping

Sell
When price out above upper band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess downward
open order sell with profit target 10 pips.
Bollinger Bands Scalping
Bollinger Bands Scaping
Initial stop loss 15-20 pips.




More info for Bollinger Bands Scalping ~ forex market hours gmt:
Read More..

Senin, 02 Mei 2016

1 minute trend momentum scalping strategy ~ forex trading hours gmt


1 minute trend momentum scalping strategy is a classic trading system for the trade on the forex market.

Time frame 1 min or 5 min.
Currency pairs (majors)
Trading session (London and New York) do not trades before economic news.
Setup chart with trading indicators:
1. 10 Exponentiation Moving average(EMA) (close) with Green colour
2. Bollinber bands with 20 Deviation 2 period,
3. ParabolicSAR step 0.019 and Max 0.08
4. MACD (12, 26, 9) with default settings
5. Relative strength index(RSI 14 period close with level 50)

Set up the chart and only try to trade the first three hours of any trading session. try it only to EURUSD pair as this strategy will work in better way .

Go Long
1.10 EMA crosses above middle of Bollinger Bands.
2. MACD > 0 zero line.
3. RSI is above> 50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).

Go Short
1. 10 EMA crosses above middle of BB.
2. MACD is < 0 zero line.
3. RSI is below <50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Initial Stop loss 15 pips. Profit target 6-9 pips. After 5 pips in gain move stop loss at breakeven.

1 minute trend momentum scalping strategy

1 minute trend momentum scalping strategy
        1 minute trend momentum scalping strategy



More info for 1 minute trend momentum scalping strategy ~ forex trading hours gmt:
Read More..

Sabtu, 30 April 2016

5 min Scalping GBP USD with Bollinger Bands ~ forex trading hours philippines


5 min scalping GBP/USD with bollinger bands is trading method based on the bands thar are used for to identify the trades. Long trades are taken when market prices touch the bottom band;
short trades are taken when market prices touch the upper band.
Currency Pairs: GBP/USD, (best), EUR/USD, AUD/USD, USD/CHF, AUD/JPY, USD/JPY
Time Frame 5 min
Trading Sessions: all
Forex Indicators:
Bollinger bands (20, 2)
RSI (9)

Do not Trade before news economic.
Long Trade Setup
Here are the steps to execute a long trade using the trading system
1. Wait for the market to touch the lower band of the Bollinger Bands.
2. Enter for a long when the market price touches the lower or broken band of the
Bollinger Bands and RSI is in oversold zone.
3. Set the stop loss at 10 pips below the entry price.
4. Set the profit target at 5 pips above the entry price.

Short Trade Setup
1. Wait for the market to touch the upper band of the Bollinger Bands.
2. Enter for a short when the market touches or broken the upper band of the
Bollinger Bands and RSI is in overbought zone. 
3. Set the stop loss at 10 pips above the entry price.
4. Set the profi t target at 5 pips below the entry price.

The risk for  trade is 10 pips, and the reward is 5 pips. The risk to
reward ratio is 2:1, which yields us a 1.5% return if we take a 3% risk.
5 min Scalping GBP/USD with Bollinger Bands
5 min Scalping GBP/USD with Bollinger Bands  

5 min Scalping GBP/USD with Bollinger Bands
Quiz: 5 min Bollinger Bands and RSI

5 min Scalping GBP/USD with Bollinger Bands quiz

5 min Scalping with Bollinger Bands Quiz

More info for 5 min Scalping GBP USD with Bollinger Bands ~ forex trading hours philippines:
Read More..

Sabtu, 23 April 2016

Fibonacci basic tutorial ~ forex market hours gadget windows


My experience makes me a believer in the adage that there is a natural order in the markets that has more geometric symmetry than most traders realize or want to believe. This is a fact, not subjective, because almost all market turning points adhere to a certain numerical sequence that you can prove to yourself by looking at historical charts. This sequence applies to both price and time. The primary tool used for this trade analysis is Fibonacci relationships. They include Fibonacci retracements and extensions, as well as time measurement, pivot dates by ratio and numerical sequence.
There is no need to go into the history of Fibonacci, other than to know it is the force that rules the movement of about anything you can imagine, including the financial markets.
The Fibonacci series is a numerical sequence that expands by adding the previous numbers together as shown here:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, etc.
Fibonacci
The most interesting property of this numerical sequence is that as the series proceeds, any number is 1.618 times the preceding number, and 0.618 of the next number.
Example:
1.618 x 34 = 55 x 1.618 = 89 x 1.618 = 144.
.618 x 55 = 34, .618 x 89 = 55, .618 x 144 = 89.
The .618 and 1.618 numbers are what they call the Golden Numbers. You will also see the sequence root of .618, which is .786, and 1.272, the square root of 1.618, occur frequently in your trading.
Suffice to say, the Golden Numbers are dominant in math, nature and science. Planets revolve around the Golden Number, as does your heartbeat on an EKG, and even the index finger on your hand. Each section of your index finger, from the tip to the base of the wrist, is larger than the preceding one by about the Fibonacci ratio of 1.618. And lastly, they tell us that the Egyptian pyramids are based on the Golden Ratio/Numbers.
Key Point:  My source for all of this trivia is goldennumber.net, but you can just go to Google.com and find any number of sites that give you this background in volume. If you believe it, I can teach you how to use it in a pragmatic way trading and investing in the markets.
Key Point:  In spite of all the financial, economic and geopolitical events that affect the markets, you will see beyond any doubt that the up and down price fluctuations in all major markets are governed by the Fibonacci Golden Ratio.
Fibonacci is a sequence tool that is excellent by itself and that becomes very powerful when combined with volatility bands and standard deviation, let alone any of the other tools.
Fibonacci Retracement
I use the following Fib retracement ratios:
  • .236
  • .382
  • .50
  • .618
  • .786
  • 1.00
The minor ratio that will come into play sometimes is the .707 Fib retracement (square root of .50).

Retracements depict the potential reversal levels, support and resistance.
To calculate a retracement in an uptrend, which is when a stock rallies and then pulls back to some percentage ratio of the previous swing point low, you would do the following:
  • High - Low x Fib Ratio, then subtract it from the High.


  • Calculation of .618RT level    

        60 - 40 = 20 x .618RT = 12.36
        60 - 12.36 = 47.64 (.618RT level)
  • Complete the other ratios for practice.
  • To calculate a retracement in a downtrend, which is when a stock declines and then pulls back to some percentage ratio of the previous swing point high, you would do the following:
    • High - Low x Fib Ratio, then add it to the Low.
    • Calculation of .382 level

          50 - 30 = 20 x .382 = 7.64
          30 + 7.64 = 37.64 (.382RT level)
       
      mplete other ratios for practice
    • fibonacci retracement

    • Fibonacci Extensions
      I use the following Fib extensions ratios:
      • 1.272
      • 1.618
      • 2.00
      • 2.24
      • 2.618
      • 3.14 (Pi -- Key ratio)
      • 4.236 
      These extensions occur after price exceeds the 1.00 level and makes new lows or new highs beyond the last leg.
      A minor extensions ratio that will come into play sometimes is the 1.414.
      To calculate a Fib extension after price exceeds the low or high of the last leg, you would:
      Extension down
      • High - Low x Ratio, then subtract from the High.
      Calculation of 1.272 extension down

          90 - 80 = 10 x 1.272 = 12.72
          90 - 12.72 = 77.28
       Extension Up
      • High - Low x Ratio, then add to Low.
      • Calculation of 1.618 extension up

            90 - 80 = 10 x 1.618 = 16.18
            80 + 16.18 = 96.18

         
      • We have given you some Fibonacci background, and the basics of calculating the retracements and extensions, in addition to the ratios that I suggest you use. Now we will build on that.
        Key Point:  When you look at retracements and extensions in terms of price, you should also look for symmetry of time using the same ratios. It is not mandatory that you have both, but it is much better symmetry when you do, which builds your case for higher probability.
        Key Point:  Once you have identified a high-probability zone, it is the price action at that zone that determines what you will do.
        The following SPX charts will demonstrate retracement, extension, time and price action at different zones.
        Fibonacci tutorial
        Fibonacci Tutorial 
    • This SPX weekly chart frames the Fibonacci retracement levels between the 1553 top and 769 bottom. You can see that the .236RT to 1553 of 954 was a major obstacle. The first rally from 776 reached 965, but didnt close above it.
      From 965, the SPX declined to the 769 bottom (A) and then rallied to 954, right at the .236RT level, but failed to close above 954. The next leg down (BC) made a 789 low, then reversed to the upside and approached the .236RT level for the third time.
      Key Point:  The more price trades at resistance or support, the weaker the line is and the probability of penetration increases.
      Price breaks above 954 and trades to the 1015 level. The 1.272 Fib extension of the BC leg is 999, and for 12 weeks, the SPX traded sideways with a high close of 998.
      Key Point:  If price breaks out of a range at a Fib level, the highest probability is that it will seek the next level.
    • The .382RT to 1553 is 1068, and that is exactly where the SPX traded and went sideways for four weeks (more detail on next chart) before breaking out and trading to the next Fib zone, which is the .50RT to 1553 of 1161. Notice also that there is a confluence with the 2.24 Fib extension of the BC leg at 1159. At the completion of this course on Jan. 29, 2004, 1155 is the rally high on Jan. 27, the SPX had traded down to 1122.38.
      This chart demonstrates the natural order that the SPX has traded just using Fib retracements, extensions and time, which you will see better on the next chart. You have anticipated the key zones in advance.
    • On this chart, we will start with the time symmetry that is present in this move.
    • The BC leg from 954 - 789 was 14 weeks to the low and 13 weeks (Fib number) to the low close. Any reversal bar setup right there had to be taken. The 789 low week was a reversal bar (Hammer) with a high of 841.39. Sequence traders took entry.
      Now it gets more interesting. Once price broke out above 954, you had anticipated the 1.272 zone, but on this chart, you also see that the last low in that zone was week 21 following the 789 low week. 21 is the 1.618 Fib extension of 13. Price then rallied, breaking out of the 1.272 zone range.
      Key Point:  When looking for time symmetry, you can use the low close or low, and measure it with a high close or high. That will all be considered symmetry.
    • After the 1.272 breakout, the SPX traded right up to the .382RT zone at 1088. The first weekly bar in that range was the 34th week, and price went sideways for four to five weeks with a high of 1064. Once again, there was price and time symmetry, as 34 (Fib number) is the 2.618 Fib extension of 13.
      The advance above the .782RT level means anticipation of the next Fib RT zone, which would be the .50RT to 1553 at 1160. There is also a .50RT to the 1530 secondary high of 1150, and then the 2.24 Fib extension of the BC leg at 1159. The 1530 high was the 1,2,3 lower top to the 1553 all-time high after the initial decline to below 1350 from 1553. That would make it a significant high to measure a retracement.
      From a time perspective, the 1155 high is Week 46 and the high close is Week 45. The 3.14 Fib extension of 14 is 44.
      Review these two charts several times so you gain a good idea of the structured way a market trades most of the time and enables you to anticipate high-probability zones where you will take some kind of action, either buy or sell, but it is never nothing.

More info for Fibonacci basic tutorial ~ forex market hours gadget windows:
Read More..

Sabtu, 26 Maret 2016

Candlestick Basic ~ forex 4 hour trading system


How is a candlestick constructed? The basic parameters of the candlestick include a body circumscribed by the open and the close and two wicks or shadows that demarcate the high and the low. If the close is lower than the open, then the candle is dark or bearish (see Picture 1). If the open is higher than the close, then the candle is white or bullish (see Picture 2).
There are numerous candlestick formations, but all of them essentially fall into three categories:
1. Breakout patterns
2. Indecision patterns
3. Reversal patterns
Candlestick Basic Bearish Candle
Bearish Candle
Candlestick Basic Bullish Candle
Bullish Candle
What is the differences between bar chart and candlestick chart?
Both the bar chart and the candlestick chart contain exactly the same information, only its presented to the trader in different form. Both the bar chart and the candle chart contain the same data: the high for the period (the day), the low, the open and the close. In a candlestick chart, however, the names are changed. The difference between the open and the close is called the real
body. The amount the stock went higher beyond the real body is called the upper shadow. The amount it went lower is called the lower shadow. If the candle is clear or white it means the
opening was lower than the high and the stock went up. If the candle is colored then the stock went down. This information is shown below in picture 3:
Differences between bar chart and candlestick chart
What is the meaning of candlesticks patterns?
Japanese candlesticks offer a quick picture into the psychology of short-term trading, studying the effect, not the cause. This places candlesticks squarely into the category of technical analysis. One cannot ignore the fact that prices are influenced by investors psychologically driven emotions of fear, greed, and hope. The overall psychology of the marketplace cannot be measured by statistics; some form of technical analysis must be used to analyze the changes in these psychological factors. Japanese candlesticks read the changes in the makeup of investors interpretations of value. This is then reflected in price movement. More than just a method of pattern recognition, candlesticks show the interaction between buyers and sellers. Japanese candlestick charting provides insight into the financial markets that is not readily available with other charting methods. It works well with either stocks or commodities.
What are the advantages of candlesticks chart how tool for trading in the financial markests?
There are three major advantages of candlestick charts |when compared to to bar charts.
First - Candlestick charts are much more "visually immediate" than bar charts. Once you get used to the candle chart, it is much simpler to see what has happened for a specific time frame be it a day, a montlhy or 30 minutes. With a bar chart you require to mentally fill in the price action. You need to say to yourself, "The left tick says thats where it opened, the right tick where it closed. Now I see. It was an up day." With a candlestick chart it is done for you. You can spend your energy on analysis, not figuring out what happened with the price.
Second - With candles you can spot trends more quickly by looking for whether the candles are clear or colored. Within a period of trend, you can easily tell what a stock did in a specific period. The candle makes it easier to spot "large range" days. A large candlestick suggests something "dramatic" happened on that trading day. A small range day suggests there may be relative consensus on the share price. When I spot a large range day, I check the volume for that day as well. Was volume unusual? Was it say 50% higher than normal? If so, it is very likely that the large range day may set the tone for many days afterward.
Third -Most important, candles are vital for spotting reversals. These reversals are usually short term precisely the kind the trader is looking for. When traditional technical analysis talks about reversals, usually it is referring to formations that occur over long periods of time. Typical reversal patterns are the double top and head and shoulders. By definition, these involve smart money distributing their shares to naive traders and normally occur over weeks or even months. Candlesticks, however, are able to accurately pick up on the changes in trend which occur at the end of each short termswing in the market. If you pay meticulous attention to them, they often warn you of impending changes.
Candlesticks is most powerful when the markets are at an extreme, that is when they are overbought or oversold. I define overbought as a market which has gone up too far too fast. Most of the buyers are in and the sellers are eager to nail down profits.
An oversold market, on the other hand, is one in which the sellers have been in control for several days or weeks. Prices have gone down too far too fast. Most of the traders who want to sell have done so and there are bargains -- at least in the short term -- to be had. But these issues will be discussed in the advanced tutorials.

Candlestick Basic Quiz

1.What is the body of the candle?
  • Part of the candle circumscribed by high and low
  • High and low
  • Part of the candle circumscribed by open and close and the two wicks
2. What is the differences between bar chart and candlestick chart?
  • Candlestick chart is only for forex
  • They contain the same information but in different form
  • They do not contain the same information
3. What is the meaning of candlesticks patterns?
  • Candlesticks offer a quick picture into the psychology of short-term trading
  • Candlesticks offer a quick picture into the psychology of long-term trading
  • Candlestick chart are a tool for interpreting the cycles
4.How is a bearish candle?
  • Open is higher than the closer
  • Open is lower than the closer
  • Close is lower than the open
Score =

Correct answers:

More info for Candlestick Basic ~ forex 4 hour trading system:
Read More..

Kamis, 24 Maret 2016

Forex Trading Strategy 1 ~ forex trading yang aman





















3 x 21

Conditions required:
1) Moving average 3
2) Moving average 21
3) H1, H4 and D1 charts

As the name suggest, this strategy has something to do with 3 and 21. And the reason being
to set 2 moving average lines as 3(blue line) and 21 (green line). These 2 lines will follow the trend of the market and moves up and down with the market.

Once they cross each other, it gives us the signal to start firing!
As shown in the chart above, the blue line (3) crosses the green line (21) indicating a possible down trend coming. But we cannot confirm that this is actually happening until we see the next bar in the next hour, therefore we need to wait for the confirm bar to come out before firing our trade as there is always a chance that it may go against our direction. Though you may by all means fire if you are confident. :)

Another example is show on the right of the chart indicating an up trend. Are you able to spot without any explanation?

However, to be certain of the trend, you will need to look at the H4 and D1 charts. Generally if the trend is going our way, we can take a 20 to 30 pip profit.

If at this point, you are still unsure of the 3 line and 21 line thingy, no worries. Let me put it this way, imagine a person carrying a 3 kg load versus 21 kg. It is definitely easier to lift up the 3 kg than 21 kg load, therefore indicating up trend when 3 is higher than 21.

On the reverse, it is more difficult to carry 21 kg load over a 3 kg, therefore indicating a down trend.

More examples below. Can you spot the up trends and down trends? The crossovers and confirm?
Blue line = 3
Green line =21


More info for Forex Trading Strategy 1 ~ forex trading yang aman:
Read More..