Wait for 7 a.m. GMT candlestick to close and immediately open buy stop order (2 pips above the high) and sell stop orders (2 pips below the low). The price will move towards high or low and activate one of the pending orders. Then, you may cancel the another order.
We recommend keeping our 531 rule in mind that states you should only trade five currency pairs (to gain an intimate understanding of how the pairs move), using three trading strategies and trading at the same time of day (so that you become familiar with what the markets are doing at that time).
Here I am talking about a simple 5 minutes trading strategy which I have named as 5minutes Golden Crossover Strategy.
In this strategy we only use EMA's and steps are following as:
EMAs Used - 4,9,18
4 cuts 9 & 18 from above - Sell Entry
4 cuts 9 & 18 from below - Buy Entry
EMAs Sequence must...
The scalping strategy is a renowned strategy in forex trading. Most forex experts are using this strategy. Because scalping means short-time trade. That's why as a beginner, it can hard to trade. So, here are some easy tips to get it easier for beginners--
Choosing Pairs with Lowest Spreads...
If you really wanna make some money in the markets, then be determined to learn. Learn what is the basic of market strategy. There is nothing more powerful than human brain. So, read and read until you learn. Ask if you have any questions. The price action pdf file is attached below.
Thank You.
Pair : GBP USD GBP CAD (ONLY)
TIME FRAME: D1 ONLY
Take Profit : 80 Pips to 150 Pips
Stop Loss : as per chart and analysis
Indicator used:
5 SMA (Simple Moving Average)
BBBAND 20,2
RMI (14,5)
TDI RT CLONE (default settings)
Sell setup
Price was on Upper BB Band
Price fall or cross below...
Are you a beginner of forex trading and looking for some expert advice regarding forex trading? Then you have surely landed on the right page. We have come up with five forex trading expert advices that can help you to build your own trading strategies and reap sweet fruits of profit in long...
A stop loss in Forex is an order that a Forex trader places on a particular security which remains until that security reaches a particular price and then sells automatically. Stop loss attempts to prohibit an investor’s loss on a specific position.
If you’re in trade, what Forex stop loss...
When planning or researching to create a strategy, you must never plan for a golden trading strategy which makes you a genius at trading. You will never find one such strategy since, in spite of numerous blogs and websites claiming its existence. Forex trading strategies are crucial for success...
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