Trading on the Break the Bull Ride news trading - forex market hours new zealand

Trading on the Break the Bull Ride news trading ~ forex market hours new zealand

In this version of the news trade, the idea is to get into the trade as soon as the data release breaks. The trader needs to have the ticket ready to go and jump in. The risk here is of a whipsaw, where the price reverses.

This risk is not as high as people think because when the news breaks, there is maximum energy and the market will respond. The risk of no surprise does occur and that results in a small move, causing the risk of smaller losses than a whipsaw because essentially the price doesn’t move beyond a previous range and there is little room for profits. But if you’re on the bull or bear trade and it is a big move, you have the same challenge ofwhen to get out. The advantage is that you are not immediately wrong.

Trading on the Break (the Bull Ride news trading)

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Double Bollinger Bands with Awesome - forex trading times around the world

Double Bollinger Bands with Awesome ~ forex trading times around the world

Double Bollinger Bands with Awesomeis trading system a system of volatility trend following.

This system is profitable. It has good profitability and a good ratio Profit/ losses.

Time Frame 4H or higher.

Currency pairs: any.

Technical indicators:

Bollinger Bands (20, 2);

Bollinger Bands (20; 1);

Awesome (optional).

Candle pattern 1-2-3

Trading Rules

Buy

The candle closes above the Bollinger Bands 1 with the condition that the previous two

candles have closed within Bollinger Band 1 but above of the middle band (this condition setup is important).

Awesome with green bar is optional.

Sell

The candles price closes below the Bollinger Bands 1 with the condition that the previous two candles have closed within Bollinger Band 1 but below of middle band (this condition setup is important) ..

Awesome  with red bar is opional.
Initial stop loss 10 pips below/above middle band.

Minimum Profit Target 1.3 initial stop loss.

For a conservative trading only trade in the direction of the major trend.

Add a simple moving average of 100 periods.

Sell ??

Lower bands of the BB1 ??and BB2 <100 simple moving average.

The candles price closes below the Bollinger Bands 1 with the condition that the previous two candles have closed within Bollinger Band 1 but below middle of the band.

Awesome red color is optional.

Buy

Upper bands of the BB1 ??and BB2> 100 Simple Moving Average

The candle closes above the Bollinger Bands 1 with the condition that the previous two

candles have closed within Bollinger Band 1 above but of the middle band .

Awesome green color is optional.

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RSI with Moving Averages tool for trading - forex trading best hours

RSI with Moving Averages tool for trading ~ forex trading best hours

RSI removes volatility and gives signals flowing along with moving averages.
This tool for trading is constructed as follows:
2 moving averages on the price (7 simple and weighted 34) and two moving averages on the indicaatore RSI (4 smooted 21 and weighted).

Trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.

Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Time Frame 4H or Higher.

Another way of interpreting this technique and to add to the Levels of 60 and 40.
The area between these two levels is defined: the lateral area.
New trading rules.
Buy RSI above level 60.
Sell below the level 40 of the IHR.
If RSI is between 40 and 60 not to trade.

Example trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.
RSI above 60 level.

Example trend down
Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.
RSI below 40 level.

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Riding the Bull or Bear news strategy - forex market hours new year

Riding the Bull or Bear news strategy ~ forex market hours new year

Anticipating Results (Most Aggressive Strategy)

The trader has an intuitive feeling (a hunch) for the outcome of the economic data. It is not a wise strategy to put on a trade before an economic news announcement. But if the trader has an informed point of view, putting on thetrade before the news announcement is an aggressive play that can be very profitable if correct. The key risk of being wrong and having the price move against you is important to minimize.

Tactics for the aggressive strategy are as follows: About 15 minutes before the economic data release, locatethe5-minute or 15-minutec hart.Locate support and resistance levels. Use the average true range (ATR) at the default setting of 14 periods. Place a market order in the direction you desire. Place a stop loss order at 2 times the ATR. Should you put on a limit order? In trading the news, the idea is to be ready for a big move But we don’t know if a big move will come. So a small limit order targeting 10 to 15 pips would be like eating cake with artificial sweeteners. If you’re going to trade the news, focus on controlling the risk. The idea is to take a ride on the bull or bear, get on before the break of the news, and then try to stay on to get the most out of the move. So I don’t recommend a small limit. You might want to put on a larger limit of 75 pips.

Getting off the trade in a news event requires a high level of skills in identifying shifts in sentiment. Renko charts are a powerful tool for this. Remember, riding a bull or bear represents high risk. But if you want to try it out, do it with small lots on and test your skills.

Riding the Bull or Bear

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Trading with Force Index - forex trading hours and days

Trading with Force Index ~ forex trading hours and days

The Force Index developed by Alexander Elder is an indicator that uses price and volume . The Force Index can be used as trending indicator to reinforce the overall trend, for identify corrections of the markets or reversals trend with divergences.

In this trading system we use the Force Index with other indicators of trend.

Time Frame 30 min or higher.

Indicators:

• Moving Average - period 20, simple method, it’s normally above or below the price.

• Parabolic SAR - step 0.02, maximum 0.2, represented by the dots that are also found above or

below the price.

• MACD - fast ema,12, slow ema ,26, Macd sma ,9,

• Force Index - period 13, simple method.

MACD and Force Index are shown in two separate windows below the chart see picture.

Buy

The Moving Average should be below the price and point up;

The dot of the Parabolic SAR should be below the price;

MACD crossover upward below the ‘zero line’;

The Force Index should be point up.

Exit buy

Exit when the Parabolic SAR changes direction an is above the price, or also exit when the MACD crossover above the ‘zero line’.

Sell

The Moving Average should be above the price and point down;

The dot of the Parabolic SAR should be above the price;

MACD crossover downward above the ‘zero line’;

The Force Index should be point down.

Exit sell

Exit when the Parabolic SAR changes direction an is below the price, or also exit when the MACD crossover belw the ‘zero line’.

Stop Loss should be set to 20-30 pips away from the entry price for intraday trading with time frame 15 min and 30 min.

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Power Bollinger Bands - forex trading hours australia

Power Bollinger Bands ~ forex trading hours australia

Power Bollinger Bands is trading system based on the Bollinger Bands, Stochastic Oscillator and the patterns formation.

Time Frame 4H or daily.

The system works on any pair and Indices.

Setting Chart

Indicators:

Bollinger Bands: period 20, deviations 2;

Stochastic Oscillator (9, 3,3, with levels 80 and 20) that measures overbought and oversold of the price in the market.

Patterns: doji, engulfing pattern, inside candle, pin candle.

Trading Setup

When the Bollinger bands are far enough, wait that the price touches or broken a band, while the stochastic is in a state of overbought (above 80) or oversold (below 20).

Once both of these conditions are met we seek confirmation of entry into the market.

So looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Doji candle:the Doji is a candle indicating a period of indecision of the market the open and close have the same price. The Doji can be interpreted as a reversal signal if it appears with stochastics in overbought or oversold along with the price at the sides with Bollingher bands.

Engulfing pattern: an engulfing candle or also momentum candle, becaouse this pattern is a change of the momentum of the market. the first candle is completly engulfs by the following one.

Inside candle: the inside candle pattern is the complete opposite of the engulfing pattern, the second candle is formed completely inside the body of the previous candle.This pattern may provide a price breakout.

Pin Bar: the pin pattern , it shows huge emotion of the market indicating a potential sign of a reversal of the price.

Example: the buyers pushed the market high but failed to hold it so price returned back to around the open leaving a pin pattern or opposite the sellers pushed the market low but failed to hold it so price returned back to around the open leaving a pin pattern.

Engulfing formation and pin bar pattern are most reliable with a little practice youll soon learn to recognize these patterns and can represent your success.

Trading Rules Power Bollinger Bands

Buy

Bollinger bands are far enough and the price touches or broken lower band,

Stochastic is oversold,

Once both of these conditions are met, we seek confirmation of entry into the market,so looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Sell

Bollinger bands are far enough and the price touches or broken upper band,

Stochastic is overbought,

Once both of these conditions are met, we seek confirmation of entry into the market,so looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Exit position

Initial stop loss on the previous High/Low after move stop loss at the break even

make profit at the middle band or at the opposite band.

EUR/USD 4H chart

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