Forex Trading Strategy 134 - forex trading with 200 dollars

Forex Trading Strategy 134 ~ forex trading with 200 dollars

Market Analysis of the 27th of October 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1
Click on the Menu on "Market Analysis" for all the analysis.

No big change compare to last week: The pairs had a first retrace but we have no sign of divergence between the price and the Ewave for most of them so it could be the "a" move of the a-b-c corrective wave 4 or we could get more trades in the direction of the main trend. Therefore the situation is not clear for H1-H4
 

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Forex Trading Strategy 136 - forex trading walkthrough

Forex Trading Strategy 136 ~ forex trading walkthrough

Trade of the week: Nice +5% Profit (+135 pips) trade on GBP/USD H1 on 14th October 2014
For more details, click "Examples of Trade" in the menu

Its downtrend on H4 and we expect the wave 5, we take the break on H1 but below the H4 fractal box. The price drops and is booted by the news. We exit when the price breaks the opposite level of the fractal box.

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How to determine the trend - forex market hours download

How to determine the trend ~ forex market hours download

Why Trade With The Trend?

Now Putting the Odds in Your Favor

High Probability Trades

Less Risk

In Synch with the Market

The Problem With Trend

Determining if a trend is in place is one of the most difficult things to conclude.

One man’s uptrend is another man’s downtrend.

My Favorite Tools For determining Trend:

ADX (Average Directional Index),

STOCHASTIC OSCILLATOR,

DONCHIAN CHANNELS/BOLLINGER BANDS.

ADX

Average Directional Index

Settings = Standard 14-period default

Benchmark threshold level = 30

Determining Trend With The ADX

Readings above 30 indicate a strong trend

This tool is best used with any time frame on Stocks, Indices, and Futures

Trend with ADX

Trend with ADX

STOCHASTIC OSCILLATOR

Format = Slow stochastic

Settings = Standard 14-period default

Overbought level = 80

Oversold level = 20

Determining Trend With The Stochastic Oscillator

A strong trend is indicated when the Slow K reading is above the 80 level for 6 or more consecutive bars

A strong trend is indicated when the Slow K reading is below the 20 level for 6 or more consecutive bars

This tool is best used with daily bars on Stocks, Indices, and Futures

Determining Trend With The Stochastic Oscillator

Determining Trend With The Donchian Channels and Bollinger Bands

When all 3 Donchian Channels are moving in the same direction, a trend is indicated

When all 3 Bollinger Bands are moving in the same direction, a trend is indicated

This tool is best used in any time frame on Stocks, Futures, and Forex

Determining Trend With The Donchian Channels and Bollinger Bands

Determining Trend With The Donchian Channels and Bollinger Bands

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