Click here to download the SMA Forex Day Trading Strategy Total trading risk on the short trade: 47 pips. News Trading Strategies 3. June 8, at pm Reply. I enjoyed reflecting on my own trading pattern. Av blown my account severally bcos i didnt know which time frame to really trade.
As we know the Frankfurt market opens at am EST which is am GMTthen an hour later the other giant - London market opens at am EST which is am GMT. The European session is the first major session for each coming day. So, what do we do? The price range forex 1hr strategy are forex usd to eur to focus on is from am EST to am EST. We look for the highest high and the lowest low of the price in that range and simply draw parallel horizontal lines through those extremes that will create a tunnel.
Now we are ready to move to a smaller time frame - 5 minute chart - and watch for the whole 5 min candle to close outside the tunnel which will provide a signal for us to enter with the open of the next candle. We are aiming at at least 20 pips profit. After that we have several options: lock the profit in, start "chasing" the price with a trailing stop by placing the stop just below the lowest low of the previous 5 min candle, or simply exit within the three consecutive hourly candles from the moment the trading order was filled.
I use the system as is. What are your suggetions about hourly charts? What timing and price range do you propose to use? It is ok, if that website has it, I hope they don't mind. We publish a lot of strategies here, some of them are sent by our users that claim it to be their own systems. We don't track the original source unless it is mentioned during the submission. Active traders Poll - share your live forex 1hr strategy or read what others have to say.
How to profit trading Forex. Trailing stop EAs MT4. Forex systems with MT4 custom indicators. Create own Forex system. Forex Polls - results. There are currently 8 users online. Submitted by Edward Revy on June 18, - We use a 20 pip stop OR the other side of the tunnel - whichever is less. I use the system Thank you. The price range we Hi Edward. The price range we are going to focus on is from am EST to am EST?. Thus you would have am GMT to am GMT.
What abouy news Hi Edward. What abouy news with thi strategy?. It is ok, if that website It is ok, if that forex useful sites has it, I hope they forex 1hr strategy mind. As long as everybody is happy and traders can learn something I think it is just fine. How To Double The Account In 1 Day? Complementary to strategy with Trendlines.
Submitted by Edward Revy on July 17, -
Forex Trading: Trade the 1-Hour Time Frame Profitably Using Technical Indicators
1 SMA Forex Day Trading Strategy. Using multiple timeframe currency analysis will enable you to dramatically increase the odds in your favor. The idea behind this simple Forex trading system is to capture an early move of the price when it starts to establish its new direction/trend for the day. May 12, · 4H CCI Strategy (Catch most of PIPs from Trend) Trading Systems.