Time Frame 15 min.
Currency Pairs: all
Indicator: Awesome
This is another great strategy which allows you to find great
intraday opportunities. It has a good profit-loss ratio and,
this way, if you use good money management rules you
can achieve consistent results.
To use the 2 Days Breakout strategy, the Awesome
indicator is, once again, the best confirmation indicator to
use.
You can use this strategy in any timeframe you like. This
strategy works well on 15 and 30 minutes, and even on 1
hour charts. So, feel free to try this strategy in your
favourite timeframe. You can also use it for any currency
pair you like.
The rules:
Buy 1 pip above yesterday’s high or short sell 1 pip below
yesterday’s low. Place a stop loss of 20 pips.
Exit the trade if the Awesome indicator gives you an exit signal or if your stop loss is reached.
Let’s take a look at some real trades using this strategy:
The horizontal line in the chart represents GBP/USD
yesterday’s high.
According to this strategy, you should buy one pip above
the previous high, at 1.7587. Don’t forget to place your
protective stop loss order of 20 pips below the entry point.
As you can see, according to the chart, the Awesome
indicator is gaining strength. Notice that when you enter
the trade, it continues to move up, as well as the price.
This is a terrific sign.
The Awesome indicator is what you should observe since
you will close the trade once this indicator gives you the
exit signal. As you can see, the Awesome indicator turns
red at 1.7693, telling you that bears are gaining strength.
So, it is time to exit at 1.7693.
This was a great trade, with 106 pips profit in just 3 hours
of work. With just a single currency pair, you would have
won $1060.
Always remember to place your stop loss in the platform
when you give the entry order. This is what will keep you in
the game if something goes wrong.
Entry: Short GBP/USD at 1.8261
Stop Loss: 1.8281
Exit: 1.8217
Profit: 44 pips
This is another GBP/USD 15 minutes chart. The line is
drawn 1 pip below yesterday’s low; so, this is our entry
point for a short position.
If you use this strategy, always draw yesterday’s high and
yesterday’s low lines on the chart. It is much easier when
you have those lines on the screen instead of only numbers
on your head or in a paper.
As you can see in the chart, you have an opportunity to
enter in a short sell at 1.8261 – one pip below the previous
day low.
You will ride the trade until the Awesome indicator gives
you a signal to leave or until your stop loss has been
reached. In this trade, you should exit your position at
1.8217, for a 44 pips profit, when the Awesome indicator
turned green, which was a clear exit signal.
Entry: Short EUR/USD at 1.2926
Stop Loss: 1.2946
Exit: 1.2835
Profit: 91 pips
As you can see in this EUR/USD 30 minutes chart, there is
a good opportunity to make a trade. We will enter in the
short sell one pip below the horizontal line – at 1.2926.
As soon as the Awesome indicator turns green it’s time to
exit this position. In this case, the exit signal was at
1.2835, giving you 91 pips profit.
This trade also shows you that this strategy works fine in
30 minutes charts as well.
Share your opinion, can help everyone to understand the forex strategy.
Currency Pairs: all
Indicator: Awesome
This is another great strategy which allows you to find great
intraday opportunities. It has a good profit-loss ratio and,
this way, if you use good money management rules you
can achieve consistent results.
To use the 2 Days Breakout strategy, the Awesome
indicator is, once again, the best confirmation indicator to
use.
You can use this strategy in any timeframe you like. This
strategy works well on 15 and 30 minutes, and even on 1
hour charts. So, feel free to try this strategy in your
favourite timeframe. You can also use it for any currency
pair you like.
The rules:
Buy 1 pip above yesterday’s high or short sell 1 pip below
yesterday’s low. Place a stop loss of 20 pips.
Exit the trade if the Awesome indicator gives you an exit signal or if your stop loss is reached.
Let’s take a look at some real trades using this strategy:
The horizontal line in the chart represents GBP/USD
yesterday’s high.
According to this strategy, you should buy one pip above
the previous high, at 1.7587. Don’t forget to place your
protective stop loss order of 20 pips below the entry point.
As you can see, according to the chart, the Awesome
indicator is gaining strength. Notice that when you enter
the trade, it continues to move up, as well as the price.
This is a terrific sign.
The Awesome indicator is what you should observe since
you will close the trade once this indicator gives you the
exit signal. As you can see, the Awesome indicator turns
red at 1.7693, telling you that bears are gaining strength.
So, it is time to exit at 1.7693.
This was a great trade, with 106 pips profit in just 3 hours
of work. With just a single currency pair, you would have
won $1060.
Always remember to place your stop loss in the platform
when you give the entry order. This is what will keep you in
the game if something goes wrong.
Entry: Short GBP/USD at 1.8261
Stop Loss: 1.8281
Exit: 1.8217
Profit: 44 pips
This is another GBP/USD 15 minutes chart. The line is
drawn 1 pip below yesterday’s low; so, this is our entry
point for a short position.
If you use this strategy, always draw yesterday’s high and
yesterday’s low lines on the chart. It is much easier when
you have those lines on the screen instead of only numbers
on your head or in a paper.
As you can see in the chart, you have an opportunity to
enter in a short sell at 1.8261 – one pip below the previous
day low.
You will ride the trade until the Awesome indicator gives
you a signal to leave or until your stop loss has been
reached. In this trade, you should exit your position at
1.8217, for a 44 pips profit, when the Awesome indicator
turned green, which was a clear exit signal.
Entry: Short EUR/USD at 1.2926
Stop Loss: 1.2946
Exit: 1.2835
Profit: 91 pips
As you can see in this EUR/USD 30 minutes chart, there is
a good opportunity to make a trade. We will enter in the
short sell one pip below the horizontal line – at 1.2926.
As soon as the Awesome indicator turns green it’s time to
exit this position. In this case, the exit signal was at
1.2835, giving you 91 pips profit.
This trade also shows you that this strategy works fine in
30 minutes charts as well.
Share your opinion, can help everyone to understand the forex strategy.
