dhanpreet Posted October 22, 2010 Share Posted October 22, 2010 given below is my trading strategy. 1. Know the direction of the primary trend of a currency pair. To determine this every day I analyze 22 currency pairs across 8-10 timeframes with simple trend indicators, by groups, i.e, USD pairs, EUR pairs, CHF pairs, JPY pairs, etc. 2. Then I set price alarms at critical support and resistance areas, usually S1 or R1 and check the larger timeframes for pip potential using the same indicators. 3. I monitor the news calendar for volatile news announcements 4. When the price alarms go off and the volatile news items hit, and generally after the London market open, I check The Forex Heatmap ™ for entry verification. This method works for very well for hundreds of traders because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex.. Hope this information is helpful, the method is becoming quite popular. 2 Quote Link to comment Share on other sites More sharing options...
omarelalfy Posted October 26, 2010 Share Posted October 26, 2010 This method works for very well for hundreds of traders because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex.. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted November 11, 2010 Share Posted November 11, 2010 I must confess that you have put down a very nice strategy. It's well worked out at all does. I prefer applying several strategies that i feel it's right for a specific trend or period in the market. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 7, 2010 Share Posted December 7, 2010 Yup I am quite convinced by the strategy laid down by you. And infact i always set my target and stoploss near the resistance and the support level. Quote Link to comment Share on other sites More sharing options...
luckyvoy Posted December 7, 2010 Share Posted December 7, 2010 I dont know much about forex though but i understand well that while doing online trading R1 and S1 are most important as these indicates the target price where you close the trade with order, and S1 is support level below which you should exit to avoid bigger loss. Quote Link to comment Share on other sites More sharing options...
standart Posted December 22, 2010 Share Posted December 22, 2010 my trading method is based price movement between support and resistance. because according to me, despite a pair has high volatility the movement is always form a wave. wave have low peak and high peak or it called support and resistance. I make order and close when the price in highest and lowest peak. Quote Link to comment Share on other sites More sharing options...
ellliottt Posted December 23, 2010 Share Posted December 23, 2010 In my opinion you have complicated your strategy. What is the necessity to look at 22 currency pair when you are not going to trade in all of them. My strategy is simple. Analyze the one I am trading. look at the weekly chart, daily chart and the short term intraday charts of any duration. main trend is determined by weekly charts, then rest is used to play both the sides of the intermediate trends that happens during the day. shortest preferred duration is 1Min, 5 min and 15 Min charts. If one does not like this, they can have their own choice as they work well if one uses it regularly. I trade only one pair most of the time. I give little time on Fundamental, but that is a few minutes a day. Analysts, I avoid them like plague, although I listen to the nonsense they dish out. Quote Link to comment Share on other sites More sharing options...
winning11 Posted June 30, 2011 Share Posted June 30, 2011 Your strategy is very plausible. I would like to know if it proves to be succussful in the real account and what is the return of it. What you have described is pretty vague. How can we newbies carry that outin detail? For example, how can we interpret the major news? Thank you! Quote Link to comment Share on other sites More sharing options...
budado Posted February 20, 2012 Share Posted February 20, 2012 In my opinion you have complicated your strategy. What is the necessity to look at 22 currency pair when you are not going to trade in all of them. My strategy is simple. Analyze the one I am trading. look at the weekly chart, daily chart and the short term intraday charts of any duration. main trend is determined by weekly charts, then rest is used to play both the sides of the intermediate trends that happens during the day. shortest preferred duration is 1Min, 5 min and 15 Min charts. If one does not like this, they can have their own choice as they work well if one uses it regularly. I trade only one pair most of the time. I give little time on Fundamental, but that is a few minutes a day. Analysts, I avoid them like plague, although I listen to the nonsense they dish out. If you are a newbies its good to trade one pair only to familiarize yourself on trading and to develop your own instinct in forex trading. Later on when you are good in reading and trading in forex you can add more and more pairs. Now the reason for this is opportunity. That means you wait for the big reversal and you can do that by monitoring as many pairs as you can and jump in like a hawk when you found a potential pair to trade. Quote Link to comment Share on other sites More sharing options...
heartboy23 Posted March 24, 2012 Share Posted March 24, 2012 This is a cool strategy. thanks for sharing this, i guess you have skill in what you doing Quote Link to comment Share on other sites More sharing options...
budado Posted April 25, 2012 Share Posted April 25, 2012 given below is my trading strategy. 1. Know the direction of the primary trend of a currency pair. To determine this every day I analyze 22 currency pairs across 8-10 timeframes with simple trend indicators, by groups, i.e, USD pairs, EUR pairs, CHF pairs, JPY pairs, etc. 2. Then I set price alarms at critical support and resistance areas, usually S1 or R1 and check the larger timeframes for pip potential using the same indicators. 3. I monitor the news calendar for volatile news announcements 4. When the price alarms go off and the volatile news items hit, and generally after the London market open, I check The Forex Heatmap ™ for entry verification. This method works for very well for hundreds of traders because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex.. Hope this information is helpful, the method is becoming quite popular. 22 pairs is just too much for me. I prefer to use only one pair and that is eur/usd. If I have more funds and more time then I'm going to add other pairs. But right now I only prefer to trade one pair per broker site. And I have three active broker sites right now and two of them I trade eur/usd and one I trade usd/cad. Quote Link to comment Share on other sites More sharing options...
ATSATS Posted October 14, 2012 Share Posted October 14, 2012 my trading strategy is so easy. i always sell and buy with take profit. i don't take stop loss. my invest is low for this reason i don't take do or die position. when price up my buy position will close with profit and when price down my sell trade will close with profit. its my simple method. i am new and now i am learning about forex more and more. in a few days i will discover a powerful strategy which will be helpful for mine. i am so working hard to learn forex trading as a specialist. i know i will success one day. Quote Link to comment Share on other sites More sharing options...
euro Posted September 18, 2013 Share Posted September 18, 2013 This is my strategy. I trade on Monday or business days as there are more trends movement. I trade when there is a good bullish trend and I buy more than sell upon entry. I also know when to enter and when to exit. I use stop loss. Stop loss helps me a lot. It helps me when to exit the trade and when to enter the trade. I read the graph only and so far it works for me. I use a few indicators. I keep up with news to catch all the price changes and movement. I trade during Asian market time. Quote Link to comment Share on other sites More sharing options...
francmorio Posted August 9, 2017 Share Posted August 9, 2017 given below is my trading strategy. 1. Know the direction of the primary trend of a currency pair. To determine this every day I analyze 22 currency pairs across 8-10 timeframes with simple trend indicators, by groups, i.e, USD pairs, EUR pairs, CHF pairs, JPY pairs, etc. 2. Then I set price alarms at critical support and resistance areas, usually S1 or R1 and check the larger timeframes for pip potential using the same indicators. 3. I monitor the news calendar for volatile news announcements 4. When the price alarms go off and the volatile news items hit, and generally after the London market open, I check The Forex Heatmap ™ for entry verification. This method works for very well for hundreds of traders because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex.. Hope this information is helpful, the method is becoming quite popular. Thanks For sharing such a valuable information, I guess I'll have to copy this,, with due respect! Quote Link to comment Share on other sites More sharing options...
alextrader79 Posted December 21, 2017 Share Posted December 21, 2017 Very broad text, I would be interesting in details of the strategy, but you didn't notice any. Quote Link to comment Share on other sites More sharing options...
Lil Posted January 11, 2018 Share Posted January 11, 2018 Each broker has its own pluses and minuses, here is the question of personal preferences. I'm satisfied with the affiliate partner system of Liteforex. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 16, 2018 Share Posted January 16, 2018 A few days ago I have seen a dashboard which analyzes 28 currency pairs. And shows their relative strength and weaknesses. I think it will be difficult to analyze 22 pairs and a stressful task. So that might be helpful. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 14, 2018 Share Posted February 14, 2018 For where in running forex trading is where we should run is we must always be routine in learning, remind not an instant business on the run, the availability of risk is very large traders continue to do in the learning process so we can better understand again will more profitable trading performance and able to survive in the forex business Quote Link to comment Share on other sites More sharing options...
vizta Posted April 29, 2018 Share Posted April 29, 2018 There are lot of strategy for successful trading. But I just want to know what id the best strategy can be applicable all the situations for short term profit like hourly or day trade? Do you have any template of that which can be loaded to Metatrader4 would be appreciable. Quote Link to comment Share on other sites More sharing options...
gaban Posted June 4, 2018 Share Posted June 4, 2018 Where to trade I always to try to learn on the run, business forex business is a very big risk that there is, so keep on beradin the existence of a routine learning process to make us able to trade better, forex trading takes the stages in a good learning process for we want to learn in this way forex trading Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted February 27, 2021 Share Posted February 27, 2021 before deciding anything on strategies, you need to choose the right broker option for yourself, not a scammer, so I advise you to try yourself on the Expertoption platform, cool opportunities with good functionality are provided here Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted March 1, 2021 Share Posted March 1, 2021 Many traders don’t use proper trading strategy rather depend on gambling. Gambling can give short-term success. But long-term results may be inconsistent. So, try to develop a good profitable trading strategy through a demo trading account. Almost all brokers like Eurotrader in the forex market offer it to their traders for free. Always start trading with demo account after that invest small money in real account. Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 9, 2021 Share Posted May 9, 2021 in fact, at some point in time, any strategy can take off, so you need to understand and try many options for work Quote Link to comment Share on other sites More sharing options...
fxoops Posted October 30, 2021 Share Posted October 30, 2021 good strategy... you just analyze the market once a day and apply the orders and you're done. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted January 18, 2022 Share Posted January 18, 2022 Pretty good strategy. It should be understood that in some situations, however, this may not work. Quote Link to comment Share on other sites More sharing options...
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