DAILY FOREX TRADING STRATEGIES by FxPremiere Group Live FX SMS Alerts System. FxPremiere.com Now growing at an immense rate. The Blade runner is a fx price action strategy trading strategy that uses pure Price Action system to find entries. We use candlesticks, pivots and support and resistance levels when trading this forex signals strategy.
DAILY FOREX TRADING STRATEGIES
DAILY FOREX TRADING STRATEGIES sent daily for live forex currency rates globally by FxPremiere Group for only £37 per month.
1: The Blade runner Trade
The Blade runner is an exceptionally good EMA crossover forex signals strategy, suitable across all time-frames and currency capital market pairs. It is a forex trending strategy that tries to pick breakouts from a continuation and retests areas. No off-chart indicators are necessary, but you may include your favourite if you find it useful or feel more comfortable having some extra confirmation.
The only indicator I do use with this strategy is an on-chart indicator, the 24 EMA. An alternative is to use the middle of the standard 21 Bollinger bands movements. In fact you can use both to trade it as a Bollinger band EMA strategy. he eTxamples here will be using the 24 EMA.
2: Daily Fibonacci Forex Pivot Trade
Fibonacci Pivot Trades combine Fibonacci re-tracements and extensions with weekly, monthly and even yearly pivots. The focus in the discussion here is on using these combinations with daily pivots only, but the idea can easily be extended to longer timeframes incorporating any combination of pivots.
The Daily Fibonacci Pivot Strategy uses standard Fibonacci retracements in confluence with the daily pivot levels in order to get trade entries. My preferred parameters are the 38% or 50% Fibonacci levels in confluence with the daily central pivot. The examples following show entries at the 37%, 50% and 64% Fibonacci re-tracement levels.
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As with all free forex signals strategies, there are many possible interpretations and variations.
- look for an entry on any currency pair where the average true ranges.
- at the start of the current trading session draw fibs: from the previous days low to high, if price is currently well above the current day’s pivot, from the previous day’s high to low, if price is currently well below the current day’s pivot . look for a movement on Fibonacci re-tracement levels with the daily pivots. If price re-traces to the confluence identified, either enter at market or wait for a confirmatory candle signal to occur at the confluence before entry. Obviously, it is more risky to enter before getting the confirmatory signal, but such an approach gives a greater possible reward to risk ratio.
3: Bolly Band Bounce Signals
The Bolly Band Bounce Signal Trade is perfect in a ranging in the capital market. Many traders use it in combination with confirming signals, to great effect.
Trading an obvious trend is a lot more straightforward than trading when price is range bound, or appearing to move sideways. Many traders actually pass on the possibility of trading at all in a range bound market, standing aside until price once more takes on a definite trend. There are however strategies for coping with this much more restricted range of price movement. This free strategy is offered as one such approach. DAILY FOREX TRADING STRATEGIES. The Bolly Band Bounce is based on the observed behaviour of price where the Bollinger bands form a kind of limit for short-term price movement. In this respect Bollinger bands are well named, in that they almost exhibit the elasticity characteristics of rubber bands. Price will approach an outer band, encounter resistance and snap back towards the opposite band.
4: Forex Dual Stochastic Signals
The Dual Stochastic Signals Trade users two stochastics – one slow and one fast – in combination to pick areas where price is trending but overextended in a short term re-tracement, and about to snap back into a continuation of the trend.
The Forex Dual Stochastic Trade is based on combining a slow and fast stochastic and looking for occasions when these two signals are at opposite extremes. Extremes are defined as the 80% and 20% levels (illustrations below give a better indication of what is meant).
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The only other indicator you need to perhaps consider for this strategy is the 20 EMA, and even it is not essential. The settings for the two stochastics are as follows: DAILY FOREX TRADING STRATEGIES .
For Metatrader 4 these settings are shown in the diagrams below (the colour choices of course are up to you):
Slow Stochastic Settings in Metatrader 4:
The basic forex signals rules are that you:
- wait for price to be trending strongly
- watch for the stochastics indicators to be at opposite extremes
- and then for confirmation of an entry look for an appropriate candle pattern that signals a reversal after a short retracement to the 20 Ema.
Note that you can also use the mid-band of the Bollinger bands as a substitute for the 20 Ema.
To go straight to a few trade examples have a look at the following chart. These examples are from one hour charts, as this is a good time frame to trade this particular pattern on.
5: Trading The Forex Fractal Signals
The forex fractal signals is not just a strategy but a concept of market fundamentals that you really need to know in order to understand what price is doing, why it is doing it, and who is making it move. This is the kind of inside info that took me years and many thousands of dollars to learn. It’s yours here for free. DAILY FOREX TRADING STRATEGIES | The various processes for this are covered in Forex Strategy Testing There are also several commercial systems to consider. Since these are more comprehensive than the simple strategies presented above, and thereby fall into the definition of Forex Trading System, they are dealt with separately in the following section, Best Forex Trading.
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