Trend and Go trading - forex trading hours christmas 2013

Trend and Go trading ~ forex trading hours christmas 2013

Trend and go is a trend-momentum strategy for intraday trading and swing.

Chart setup

If you want to setup your charts manually then you need to add the

following indicators:

- A 40-Period Exponential Moving Average of the Close price.

- A 80-Period Exponential Moving Average of the Close price.

- A 21-period CCI (Commodity Channel Index) indicator.

The second rule is that if you’re trading on the hourly chart (or any timeframe less than the hourly) – this is classed as intraday.

For this I recommend that you try and only trade between the hours of 06:00GMT and 16:00GMT. More specifically, if you can limit your trading to just 06:00GMT and 11:00GMT then your results should be even better!

If you’re trading 4-hour charts and above – it does not matter when

you trade.

So, that’s the first two rules.

The third (and final) rule is how we enter.

If the 40EMA is above the 80EMA we look to buy when:

The CCI indicator crosses from below 0.0 to ABOVE 0.0.

If the 40EMA is below the 80EMA we look to sell when:

The CCI indicator crosses from above 0.0 to BELOW 0.0.

Like this:

high to enter (in the case of a buy) – or a break of the low to enter (in the case of a sell).

So, looking at the above two charts I showed you, the level marked

‘(A)’ is where we would BUY ...and the level marked ‘(B)’ is where

we would SELL.

That’s all there is to the system!

Okay, there is a bit more like stoploss levels, take-profit target and some other things (which we’ll now cover) – but we’re about 80% or the way there!

Stoploss

The stoploss is super-simple.

We don’t place it behind any levels or such – but just enter a rough amount that will keep us “safe”.

It may not sound too strategic but it really works – especially because our stoplosses are generally smaller this way.

This is a rough guide to the size of my stoplosses on various

timeframes:

5-min 10 – 15 pips

15-min 15 – 20 pips

30-min 15 – 25 pips

Hourly 20 – 35 pips

4-Hour 30 – 50 pips

Daily 50 – 150 pips

Note: some of these may be larger or small depending on the pair

(for example, on the EUR/JPY 30-min I might use a 30 – 40 pip stoploss).

After just a few trades you will figure out the best stoploss to use for your trading.

Take Profit

Okay – the fun part – when to grab your pips!

I’ve tried many different ways of taking profit on my trades.

I’ve tried grabbing just 10 pips at a time ...I’ve tried letting my trades run for as long as I can ...and I’ve tried everything in between!

The take-profit strategy that I ended up sticking with is just taking profit at 3:1.

In other words, if my stoploss is 25 pips ...then I will set my take profit at 75 pips.

However, once price reaches 2:1 – I will move my stoploss to breakeven so that if the trade reverses against me – I lose nothing!

The Type Of Candle

The first thing I want to mention is probably the most significant thing that will boost your profits (and keep you out of bad trades!).

Although we only need to watch for when CCI crosses the 0.0-line ...we can also gain a nice advantage by watching what type of candle occurs at the same time the CCI crosses the 0.0-line.

Our ideal candle would be one that has momentum behind it – in other words, a long candle that is the same (or larger) than the few candles before it.

This type of candle shows that there is buyers (or sellers) coming into the market.

Here’s an example:

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Trading on the Break the Bull Ride news trading - forex market hours new zealand

Trading on the Break the Bull Ride news trading ~ forex market hours new zealand

In this version of the news trade, the idea is to get into the trade as soon as the data release breaks. The trader needs to have the ticket ready to go and jump in. The risk here is of a whipsaw, where the price reverses.

This risk is not as high as people think because when the news breaks, there is maximum energy and the market will respond. The risk of no surprise does occur and that results in a small move, causing the risk of smaller losses than a whipsaw because essentially the price doesn’t move beyond a previous range and there is little room for profits. But if you’re on the bull or bear trade and it is a big move, you have the same challenge ofwhen to get out. The advantage is that you are not immediately wrong.

Trading on the Break (the Bull Ride news trading)

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Awesome with Bollinger Bands Scalping - forex trading hours in philippines

Awesome with Bollinger Bands Scalping ~ forex trading hours in philippines

Awesome with Bollinger Bands scalping is a trend momentum intraday system very simple but effective. Trading hours are London and New Yor Sessions.

This trading system work only in volatile market.

1 step choose the currencies where trading

Open charts on four hours or daily and identify two or three currency pairs that are breakout. Apply the ADX on these currencies, the value ADX must have a value greater than 25.

After go on 5 min chart or 1 min chart for trading.

Setup for intraday trading

5 min time frame or 1 min

Currency pairs with low spread (recommended ECN markets).

Indicators:

Bollinger Bands (20, 2),

Awesome,

Exponential Moving Average 3 period, close.

Trading Rules

Buy

EMA 3 period crosses upward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, upward .

Sell

EMA 3 period crosses downward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, downward.

Exit position:

1, When Awesome Oscillator turns a different color or with predetermined small profit target;

2. Initial stop loss below/above the upper/lower band.

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Forex News Scalping - forex trading hours oanda

Forex News Scalping ~ forex trading hours oanda

 Forex News Scalping is a strategy based on movement of the price of currency pairs when economic news is released.

Open an Economic Calendar ad example Forex Factory Calendar.

Look for the more important economic news to be released.

Identifies the news that influential the forex market, determine the currency pairs that going to be

affected.

Time Frame 5 min but is not important.

10 minutes before that the news is released place two pending stop orders 15 pips above the current price and 15 pips below the current price.

Generally the forex market before the news is quiete.

But when the economic news is released the currency pairs can do large pip movements in eighter direction. This large mouvement of the price can be a good occasion for scalpers for generate profits.

But not forget that there large spreads.

Step 1

we have two pending order EUR/USD with profit target and stop loss of 15 pips.

Step 2

The news is released.

Step 3

A our order, open the position ( for example buy).

Step 4

Close opposite pending order.

Step 5

Waiting for the result of the trade.

Forex News Scalping

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Double Bollinger Bands with Awesome - forex trading times around the world

Double Bollinger Bands with Awesome ~ forex trading times around the world

Double Bollinger Bands with Awesomeis trading system a system of volatility trend following.

This system is profitable. It has good profitability and a good ratio Profit/ losses.

Time Frame 4H or higher.

Currency pairs: any.

Technical indicators:

Bollinger Bands (20, 2);

Bollinger Bands (20; 1);

Awesome (optional).

Candle pattern 1-2-3

Trading Rules

Buy

The candle closes above the Bollinger Bands 1 with the condition that the previous two

candles have closed within Bollinger Band 1 but above of the middle band (this condition setup is important).

Awesome with green bar is optional.

Sell

The candles price closes below the Bollinger Bands 1 with the condition that the previous two candles have closed within Bollinger Band 1 but below of middle band (this condition setup is important) ..

Awesome  with red bar is opional.
Initial stop loss 10 pips below/above middle band.

Minimum Profit Target 1.3 initial stop loss.

For a conservative trading only trade in the direction of the major trend.

Add a simple moving average of 100 periods.

Sell ??

Lower bands of the BB1 ??and BB2 <100 simple moving average.

The candles price closes below the Bollinger Bands 1 with the condition that the previous two candles have closed within Bollinger Band 1 but below middle of the band.

Awesome red color is optional.

Buy

Upper bands of the BB1 ??and BB2> 100 Simple Moving Average

The candle closes above the Bollinger Bands 1 with the condition that the previous two

candles have closed within Bollinger Band 1 above but of the middle band .

Awesome green color is optional.

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RSI with Moving Averages tool for trading - forex trading best hours

RSI with Moving Averages tool for trading ~ forex trading best hours

RSI removes volatility and gives signals flowing along with moving averages.
This tool for trading is constructed as follows:
2 moving averages on the price (7 simple and weighted 34) and two moving averages on the indicaatore RSI (4 smooted 21 and weighted).

Trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.

Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Trend is sideways down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.

Time Frame 4H or Higher.

Another way of interpreting this technique and to add to the Levels of 60 and 40.
The area between these two levels is defined: the lateral area.
New trading rules.
Buy RSI above level 60.
Sell below the level 40 of the IHR.
If RSI is between 40 and 60 not to trade.

Example trend up
The 7 period Ma on price si above of the 34 Ma on price and
the 4 period MA on RSI is above of the 21 period on RSI.
RSI above 60 level.

Example trend down
Trend is down
The 7 period Ma on price si below of the 34 Ma on price and
the 4 period MA on RSI is below of the 21 period on RSI.
RSI below 40 level.

More info for RSI with Moving Averages tool for trading ~ forex trading best hours:

Riding the Bull or Bear news strategy - forex market hours new year

Riding the Bull or Bear news strategy ~ forex market hours new year

Anticipating Results (Most Aggressive Strategy)

The trader has an intuitive feeling (a hunch) for the outcome of the economic data. It is not a wise strategy to put on a trade before an economic news announcement. But if the trader has an informed point of view, putting on thetrade before the news announcement is an aggressive play that can be very profitable if correct. The key risk of being wrong and having the price move against you is important to minimize.

Tactics for the aggressive strategy are as follows: About 15 minutes before the economic data release, locatethe5-minute or 15-minutec hart.Locate support and resistance levels. Use the average true range (ATR) at the default setting of 14 periods. Place a market order in the direction you desire. Place a stop loss order at 2 times the ATR. Should you put on a limit order? In trading the news, the idea is to be ready for a big move But we don’t know if a big move will come. So a small limit order targeting 10 to 15 pips would be like eating cake with artificial sweeteners. If you’re going to trade the news, focus on controlling the risk. The idea is to take a ride on the bull or bear, get on before the break of the news, and then try to stay on to get the most out of the move. So I don’t recommend a small limit. You might want to put on a larger limit of 75 pips.

Getting off the trade in a news event requires a high level of skills in identifying shifts in sentiment. Renko charts are a powerful tool for this. Remember, riding a bull or bear represents high risk. But if you want to try it out, do it with small lots on and test your skills.

Riding the Bull or Bear

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Trading with Force Index - forex trading hours and days

Trading with Force Index ~ forex trading hours and days

The Force Index developed by Alexander Elder is an indicator that uses price and volume . The Force Index can be used as trending indicator to reinforce the overall trend, for identify corrections of the markets or reversals trend with divergences.

In this trading system we use the Force Index with other indicators of trend.

Time Frame 30 min or higher.

Indicators:

• Moving Average - period 20, simple method, it’s normally above or below the price.

• Parabolic SAR - step 0.02, maximum 0.2, represented by the dots that are also found above or

below the price.

• MACD - fast ema,12, slow ema ,26, Macd sma ,9,

• Force Index - period 13, simple method.

MACD and Force Index are shown in two separate windows below the chart see picture.

Buy

The Moving Average should be below the price and point up;

The dot of the Parabolic SAR should be below the price;

MACD crossover upward below the ‘zero line’;

The Force Index should be point up.

Exit buy

Exit when the Parabolic SAR changes direction an is above the price, or also exit when the MACD crossover above the ‘zero line’.

Sell

The Moving Average should be above the price and point down;

The dot of the Parabolic SAR should be above the price;

MACD crossover downward above the ‘zero line’;

The Force Index should be point down.

Exit sell

Exit when the Parabolic SAR changes direction an is below the price, or also exit when the MACD crossover belw the ‘zero line’.

Stop Loss should be set to 20-30 pips away from the entry price for intraday trading with time frame 15 min and 30 min.

More info for Trading with Force Index ~ forex trading hours and days:

Power Bollinger Bands - forex trading hours australia

Power Bollinger Bands ~ forex trading hours australia

Power Bollinger Bands is trading system based on the Bollinger Bands, Stochastic Oscillator and the patterns formation.

Time Frame 4H or daily.

The system works on any pair and Indices.

Setting Chart

Indicators:

Bollinger Bands: period 20, deviations 2;

Stochastic Oscillator (9, 3,3, with levels 80 and 20) that measures overbought and oversold of the price in the market.

Patterns: doji, engulfing pattern, inside candle, pin candle.

Trading Setup

When the Bollinger bands are far enough, wait that the price touches or broken a band, while the stochastic is in a state of overbought (above 80) or oversold (below 20).

Once both of these conditions are met we seek confirmation of entry into the market.

So looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Doji candle:the Doji is a candle indicating a period of indecision of the market the open and close have the same price. The Doji can be interpreted as a reversal signal if it appears with stochastics in overbought or oversold along with the price at the sides with Bollingher bands.

Engulfing pattern: an engulfing candle or also momentum candle, becaouse this pattern is a change of the momentum of the market. the first candle is completly engulfs by the following one.

Inside candle: the inside candle pattern is the complete opposite of the engulfing pattern, the second candle is formed completely inside the body of the previous candle.This pattern may provide a price breakout.

Pin Bar: the pin pattern , it shows huge emotion of the market indicating a potential sign of a reversal of the price.

Example: the buyers pushed the market high but failed to hold it so price returned back to around the open leaving a pin pattern or opposite the sellers pushed the market low but failed to hold it so price returned back to around the open leaving a pin pattern.

Engulfing formation and pin bar pattern are most reliable with a little practice youll soon learn to recognize these patterns and can represent your success.

Trading Rules Power Bollinger Bands

Buy

Bollinger bands are far enough and the price touches or broken lower band,

Stochastic is oversold,

Once both of these conditions are met, we seek confirmation of entry into the market,so looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Sell

Bollinger bands are far enough and the price touches or broken upper band,

Stochastic is overbought,

Once both of these conditions are met, we seek confirmation of entry into the market,so looking for the following patterns: Engulfing pattern, Pin bar , Inside bar and Doji.

Exit position

Initial stop loss on the previous High/Low after move stop loss at the break even

make profit at the middle band or at the opposite band.

EUR/USD 4H chart

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Sabtu, 19 Maret 2016

50 Pips daily set and forget - forex market hours chart

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50 Pips daily set and forget ~ forex market hours chart

The “50 pips Daily- Set & Forget” system is a very easy set and forget system where you don’t have to watch the market day and night. It is perfect for beginners and people with 9am-5pm day jobs.

The algorithm is based on a 6:00pm est – 6:00pm est (yesterday – today) range and Asian Session opening around 7:00pm est.

Let’s begin:

Forex Candlestick charts show sets of data consisting of open, high, low, and close values of each period.

The hollow and filled section is called “the body”. The lines above or below “the body” are called shadows or tails. If the stock has closed higher than the opening price, then a hollow candlestick is drawn. In addition, if the stock closed lower than the opening price, a filled candlestick is drawn. In a hollow candlestick where closing price is higher than opening price, the lower body shows opening price and the upper body shows closing price. In a filled candlestick where closing price is lower than opening price, the lower body shows closing price and the upper body shows opening

price. Hollow means stocks up and filled means stock is down.

The system works on the majors pairs.

The rules of this system are simple, and managing trades, and calculating levels will take no more than five minutes of your time. The only tricky part is using your knowledge to set limit orders.

This trading system involves 3 simple steps.

1. Get ready around 6:00 pm EST

2. Identify your entry levels

3. Place 6 limit orders

The Strategy Step by step:

. 1. At 6:00pm EST pull a 2H (or 1H or 4H - doesnt matter - it will be used only to determinate high/low of the 24 hour) chart USD/JPY. See example above.

2. Identify the USD/JPY high and low of the 24 hours period

from 6:00pm to 6:00pm ( let’s take an example high=90.50 and low=90.00 )

3. Identify your entry levels

Set 3 BUY orders 7 pips above the high (high + 7 pips)

Order 1 Entry: High +7pips

Set take profit 15 pips and stop loss 25 pips

Order 2 Entry: High +7pips

Set take profit 35 pips and stop loss 25 pips

Order 3 Entry: High +7pips

Set take profit 50 pips and stop loss 25 pips

Example:

USD/JPY High=90.50 Low=90.00

Order example 1 LONG=90.57 Take Profit=90.72 Stop

loss=90.32

Order example 2 LONG=90.57 Take Profit=90.92 Stop

loss=90.32

Order example 3 LONG=90.57 Take Profit=91.07 Stop

loss=90.32

5. Set 3 SELL orders 7 pips below the low (low -7 pips)

Order 1 Entry: Low -7pips

Set take profit 15 pips and stop loss 25 pips

Order 2 Entry: Low -7pips

Set take profit 35 pips and stop loss 25 pips

Order 3 Entry: Low -7pips

Set take profit 50 pips and stop loss 25 pips

Example:

High=90.50 Low=90.00

Order example 1 SHORT=89.93 Take Profit=89.78 Stop

loss=90.18

Order example 2 SHORT=89.93 Take Profit=89.58 Stop

loss=90.18

Order example 3 SHORT=89.93 Take Profit=89.43 Stop

loss=90.18

6. Done! You don’t have to monitor your trades. All will be

done by your limit orders.

IMPORTANT: CANCEL ALL ORDERS IF NOT TRIGGERED ON

THE NEXT DAY BEFORE 6:00pm EST

Do not trade: If the 6pm – 6 pm range is too big – over 150

pips.

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