Forex Trading Strategy 142 - forex xmas trading hours

Forex Trading Strategy 142 ~ forex xmas trading hours

Market Analysis of the 6th of September 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.

After the NFP release news, all the pairs (except EUR/JPY) are still in wave 3 reaching, for most of them, the lowest/highest price. No sign of the end of the move: No BDC neither sign  of divergence between the ewave and the price. Therefore no setup on D1 but we can still consider to take H4/H1 setups in the direction of D1.

More info for Forex Trading Strategy 142 ~ forex xmas trading hours:

Read More..

Exiting a trade - forex trading hours easter 2015

Exiting a trade ~ forex trading hours easter 2015

Exiting Strategies: Targets

Support and Resistance levels

1 Short trades look for recent levels of support. Place your pips a few pips above these areas.

2 long trades look for recent levels of resistance. Place your pips a few pips below these areas.

Exiting Strategies: Dynamic

Trendlines

Short trades, use a trendlines across the top of the price. Draw it as tough you were looking for a long trade. Close short when price closes across trendline.

Long trades, use a trendlines across the bottom of the price. Draw it as tough you were looking for a short trade. Close long when price closes across trendline.

Moving Averages

Short trades, close trades when you get a bullish cross of 2EMA over 5 EMA.

Long trades, close trades when you get a bearish cross of 2EMA under 5 EMA.

Divergence

Short trades, when bullish divergence shows up, close the trade when you get a bullish Stochastic crossover.

Long trades, when bearish divergence shows down, close the trade when you get a bearish Stochastic crossover.
More info for Exiting a trade ~ forex trading hours easter 2015:

Read More..

Forex Trading Strategy 140 - forex trading xm

Forex Trading Strategy 140 ~ forex trading xm

Review of the week 29 September - 3 October: +18.5% Profit on 9 pairs H1

30 Septembre: Some little moves on the EUR paires and Swissie, setups on H1 while the alligator is open on H4 (claire direction). 3rd October, nice moves on GBP/USD, Gold and USD/CHF.

More info for Forex Trading Strategy 140 ~ forex trading xm:

Read More..