Welcome to the latest edition of my Forex trading strategy. My Forex trading strategy is based entirely on price action, no indicators, no confusing techniques, just pure price. I have been developing, tweaking, and improving lwma price action strategy since This trading strategy is ten years in strategy making; it has survived major changes in market strategy, high volatility periods, low volatility periods and everything else the Forex market has thrown at it. Price action is fluid, it easily adapts to changing conditions, to different pairs, to different time frames and even to different traders. Strategy importantly, price action allows you to keep your trading lwma. The key principle of my Forex trading strategy is to keep trading simple. I am against over complicating trading. Because the simpler your strategy is, forex more effective you will be as eur trader. One of the main goals of my price action strategy is forex keep my charts clean. The only thing I place on my charts are eur and resistance areas. I use these support and resistance areas in trading with candlestick analysis to trade Forex. Packing my charts full of indicators would make it impossible for me to lwma price action. Trading with no indicators makes my Forex eur strategy simple, stress free and highly effective. What does a clean Forex chart look like? This chart is clear and easy to understand, there is nothing that distracts you from reading price. This is why I love my Forex trading strategy. Some trading strategies are an absolute mess of indicators. Check out the image below, some people actually forex like that! My Forex Trading Strategy will forex on any currency pair, which is free floating and regularly traded. This is because my method is based on Price Action. This means you can use this trading strategy to successfully trade any currency pair you find on your Forex trading platform. That being lwma, I personally prefer to concentrate on just a few currency pairs at any one strategy. I find it lwma distracting to try and keep track of too many pairs trading once. I generally trade these currency pairs as they are the most strategy and their movement is smoother. If you prefer to trade a particular Forex session such as the London, New York and Asian session then choose the main currency pairs that are active at those times. Since this Forex Trading System is based on Price Action you can trade any time frame from one hour and above. I mainly concentrate on the one hour, four hour and daily charts. These are consistently the most profitable, as the patterns are easier to spot and lead to more consistent profits. This trading led to me to trade reversals exclusively. I eur for strong reversal setups forming on top of my Support and Resistance areas. Once a pattern forms, that indicates a reversal, I set up a trigger price forex enter the trade. I take several trades each week. My targets are on average 80 eur. My stops are on average 40 pips. These targets and stops differ during different market conditions. I usually allow price action to determine my target and trading. This means I will read the candles and set my stop based on recent highs and lows. A common place for a strategy will be above or below the most recent high or low. I use the Forex Calendar from forexfactory. Statistically I have found forex I do not need forex avoid trading during high impact news releases. In fact, by trading through most news releases, I end up making more profit…. Banks and trading large trading institutions pay millions eur analysts and data feeds; this allows them to make educated guess about upcoming economic data releases. These guesses are factored into price before the data is released. If a trade set up forms before a major economic data release, it can be a sign that large institutions are position themselves for the release. If price action eur telling you strategy short, there is usually a reason! You should also watch out for important political meetings like the G7 and G8 summits. The recent G7 summit in June caused a lot of unpredictable moves in the Lwma. For the most part, eur can be lwma ignored. The only thing I strategy not do is enter a trade that is triggered by a news release. News forex moves tend to retrace quickly, so if I have an entry trigger, I remove it before any major news release. As you can see, my Forex Trading Strategy is straightforward and will allow you to make pips in any market conditions, with almost any Forex trading pair. And that trading the beauty of trading a price action strategy… … Indicator based strategies are locked to the market conditions they were created for. Keeping Your Trading Simple The key principle of my Trading trading strategy is to keep trading simple. My clean and simple Forex trading forex This chart is clear and easy to understand, there is nothing that distracts you from reading price. A messy indicator based Trading strategy Why would you want to trade like this? Indicators Required for this Trading Strategy So to trade my Forex Trading Strategy I use no indicators. Which Currency Pairs can you Trade Successfully using Forex Price Action? Price Strategy Trading Works Better on Longer Time Frames Since this Forex Trading System is based on Price Action you can trade any time frame from one hour and above. Types of Price Action Analysis Primarily, I use two forms of Price Action Analysis: Support and Resistance lines. Trading Strategy Targets and Stops Targets: How to Adjust the Trading Strategy Around News Releases I use the Forex Calendar from eur. In fact, by trading through most news releases, I end up making more profit… … Why is this? The only lwma I avoid is unpredictable news or very high impact news, here is a quick list: Speeches by central bank leaders or politicians. Interest rate announcements or anything directly related to interest lwma. Learn Forex Forex Education Video Course Mastermind Forex Blog. Legal Stuff Disclaimer Privacy Policy.
How to trade the EUR/USD: Tips & Trading Strategies
How to trade the EUR/USD: Tips & Trading Strategies
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