78 Essential Fx Strategies - Part 8

Categories: 78 Essential Forex Strategies

Hi forex traders, here’s another installment of the essential strategies every trader must be equiped with…..
36. If you have tested and seen it for yourself that EUR will move 70+ pips during the open of London session for the next 12 hours, then you can test this out for yourself. When you have determined that […]

Hi forex traders, here's another installment of the essential strategies every trader must be equiped with..... 36. If you have tested and seen it for yourself that EUR will move 70+ pips during the open of London session for the next 12 hours, then you can test this out for yourself. When you have determined that the trend for EUR is an uptrend today, try to find opportunities to buy on the dips. Set your stop to 20 pips loss, and ride the ... Read More

78 Essential Fx Strategies - Part 7

Categories: 78 Essential Forex Strategies

Hi Traders, here is a continuation of my 78 essential forex strategies…..
31. If you have identified a price point and entered your trade base on your analysis, whether you are trading reversal based on MACD Divergence, pivot points, support and resistance, Fibonacci or other methods that you have discovered; place your stop on the other side […]

Hi Traders, here is a continuation of my 78 essential forex strategies..... 31. If you have identified a price point and entered your trade base on your analysis, whether you are trading reversal based on MACD Divergence, pivot points, support and resistance, Fibonacci or other methods that you have discovered; place your stop on the other side but not too close to your entry point This is because price behaviour always has a tendency to spike up and pulls back to where it first ... Read More

GBP/USD daytrade strategy exposed

Categories: Daily Technical Analysis Tips and Picks

Sorry folks, been away for a week or so. But here’s the deal, just done straight of the oven. Have you notice positive divergence on the MACD and Stochastic on GBP/USD on horly chart. When you see such signals, get ready to long. Get a fibonacci and pull it from the recent swing […]

Sorry folks, been away for a week or so. But here's the deal, just done straight of the oven. Have you notice positive divergence on the MACD and Stochastic on GBP/USD on horly chart. When you see such signals, get ready to long. Get a fibonacci and pull it from the recent swing hi and swing lo. You will see that the fibonacci 38% converge with one of the pivot points, this is the area where you want to watch ... Read More

78 essential forex strategies - Part 5

Categories: 78 Essential Forex Strategies

Hi Traders, I hope you have followed the trade alert I posted yesterday on EUR/USD. Wait for signals on candlestick and divergence, then pull the trigger. Congratulations to those that traded. Join me as a member, I will always send out trade alerts by email.
Here is the continuation of my 78 fx strategies :
21. Never […]

Hi Traders, I hope you have followed the trade alert I posted yesterday on EUR/USD. Wait for signals on candlestick and divergence, then pull the trigger. Congratulations to those that traded. Join me as a member, I will always send out trade alerts by email. Here is the continuation of my 78 fx strategies : 21. Never trade in a No man’s land, that’s No convergences in all the 5 indicators. Only trade when there are convergence on the 5 indicators, Pivot points, MACD ... Read More

USDJPY descending triangle breakout trade

Categories: Daily Technical Analysis Tips and Picks

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side […]

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side where the support is holding. If you are unsure about this trade, go to my previous posts on forex strategies and systems, there you can find all ... Read More

78 essential forex strategies - Part 4

Categories: 78 Essential Forex Strategies

16. Keep good logs of all your trades whether they are good or bad. Keep a trader’s journal. If you have a good trade, log it down why you entered the trade. If you experienced a bad trade, log it down why you have missed it, this will make you not to repeat the same […]

16. Keep good logs of all your trades whether they are good or bad. Keep a trader's journal. If you have a good trade, log it down why you entered the trade. If you experienced a bad trade, log it down why you have missed it, this will make you not to repeat the same mistake again. Don’t ever think that logging your trades are amateurish, even professionals does that. 17. If price action opens at the extreme SELL ZONE of the pivot points ... Read More

EUR/USD divergence live trading

Categories: Daily Technical Analysis Tips and Picks

Traded this EUR/USD today, indeed it is a very good trade. Made 120 pips in 1 hour! If you have read my strategies, this is one of them that I used, using Bollinger band, pivot points, MACD Divergence and Fibonacci. This is indeed one of the Classic Give-Away Trade, you have all the convergence or […]

Traded this EUR/USD today, indeed it is a very good trade. Made 120 pips in 1 hour! If you have read my strategies, this is one of them that I used, using Bollinger band, pivot points, MACD Divergence and Fibonacci. This is indeed one of the Classic Give-Away Trade, you have all the convergence or confluence all at once! If you don't trade this it will be a trader's sin.Price action going over Bollinger band, MACD divergence Fibonacci extension 262%, Weekly R1, ... Read More

78 essential forex strategies - Part 1

Categories: 78 Essential Forex Strategies

1. Normally, I will take the numbers from Friday to determine the S&R for the next trading session. If some unexpected price movement happen on Sunday like a super price spike, then I would consider using the Sunday’s OHLC for readings.
2. Pivot points will be different from one trading platform to another because the closing […]

1. Normally, I will take the numbers from Friday to determine the S&R for the next trading session. If some unexpected price movement happen on Sunday like a super price spike, then I would consider using the Sunday’s OHLC for readings. 2. Pivot points will be different from one trading platform to another because the closing or cut-off of the broker is different from one another. Some may end at 5 pm, some may end at a different time. If you want to ... Read More

Bollinger Scalping System part 4

Categories: Bollinger Scalping System

Okay, without any further explanations, let’s get down to business. By now you should have all the indicators ready on your charting software; RSI, Bollinger Band and Pivot Points.
Bollinger band values should be set to “20″
RSI value should be set to “14″
Trade on a “5 min Chart”

First, mark out the major previous Support and Resistance, […]

Okay, without any further explanations, let's get down to business. By now you should have all the indicators ready on your charting software; RSI, Bollinger Band and Pivot Points. Bollinger band values should be set to "20" RSI value should be set to "14" Trade on a "5 min Chart" First, mark out the major previous Support and Resistance, the highs and lows. Take careful important note of those STRONG S&R, they are powerful. Generally, price will bounce around the pivot points and support and resistance. Look ... Read More

Bollinger Scalping System part 3

Categories: Bollinger Scalping System

I will not explore more into Support and Resistance, if you need more information on these, you should buy some books on it as it takes too much time explaining S&R, maybe next time I will have more time to write on this.
So I hope everyone is good on the indicators I have told you, […]

I will not explore more into Support and Resistance, if you need more information on these, you should buy some books on it as it takes too much time explaining S&R, maybe next time I will have more time to write on this. So I hope everyone is good on the indicators I have told you, RSI, Bollinger Band and Support and Resistance. These indicators are very common, you can find them in most trading or charting software. I am using MetaTrader 4, ... Read More