Get started

Londonopen

HOW TO TRADE PIVOTS THE RIGHT WAYBest Pivot Point Strategy PDF Pivot Points are one of our favorite trade setups, and we’re going to show you what is the best method to trade pivot points through our best pivot point strategy PDF. The pivot point strategy doesn’t require significant trading capital, and it can yield positive results right away. More often than not retail traders use pivot points the wrong way. They usually sell to quickly when the first pivot point resistance level is reached and buy too soon when the first pivot point support level is reached. This is the wrong way to trade because you’re trading against the prevailing momentum which is one of the reasons why retail traders lose money. Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of the trading strategy. For this article, we’re going to look at the sell side. Step #1: Trade only at the London open or the 8:00 AM GMT The best time to trade the pivot points strategy is around the London session open. However, it can be used for the New York session open with the same rate of success. We trade the London open because that’s the time big banks are opening for business, and the smart money operates in the market. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Sell at the market if after the first 15-Minutes we’re trading below the Central Pivot Point If after the first 15-minutes into the London trading session we’re trading below the central pivot point then we sell at the market. The trade logic behind this simple rule is that once the market is displaying a disposition to trade below the central pivot point, the same as with the law of motion, we assume that the bearish momentum will continue to persist. If the price of any currency pair is trading below the central pivot point, then the bias for the day is bearish and we’re only looking for selling opportunities. Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened. Step #3: Hide your Protective Stop Loss 5-10 pips above the Central Pivot It’s essential to have a good strategy for your stop loss as much as to have an entry strategy. If the price breaks above the central pivot point then the sentiment has shifted on the bullish side and it’s wise to get out of any short trades. However, in order to accommodate any false breakouts, we also use a buffer of about 5-10 pips above the central pivot point for our SL. Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2. We employ a multiple take profit strategy because we want to make sure we give the market the chance to reach for deeper support levels. The first pivot point support level is the first trouble area and we want to bank some of the profits here. We also advice moving your protective stop loss to break even after you took profits. At the second pivot point support level is where we want to liquidate our entire position and be square for the day. Note** the above was an example of a SELL trade using the best pivot point strategy PDF. Use the same rules for a BUY trade – but in reverse. To find out the complete strategy with chart examples PM me and I will be happy to help.
Short
by Tradingstrategyguides
Seasonality Intra-day Trading SystemEUR/USD Intraday Seasonal Patterns Before looking on how the intraday seasonal patterns portrait the market it’s important to be aware that we can divide our trading day into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. During each of these sessions, liquidity is not distributed uniformly and this is one of the causes why these seasonality cycles appear on an intraday basis. See "Best Time" image under Intra-day section Note* - 14GMT 10ET is green color - forex option release Next, we’re going to look at two types of intraday seasonality cycles that will help us improve our FX game: Intraday Volatility tendency; Intraday top/bottoms tendency; In the below figure we show the EUR/USD volatility in pips per hour of the day from the beginning of the year. This chart shows the EUR/USD tendency to have two main peaks in volatility: One at around 7:00 GMT, with the maximum ATR(Average True Range) around 28 pips; The second one between 13:00-15:00 GMT, with the maximumATR around 34 pips; See "Volatility" image under Intra-day section So, how is this information going to help you? If you’re daytrading it will help you to time your trades much better. It will help you enter the market only around the time of the day when the ATR is at pick and it can show you a realistic expectation for the trade and how far away your TP should be. Moving forward we’re going to look at the 10-year intraday seasonality cycles and EUR/USD top/bottoms tendency. Usually it can be seen that the major intraday bottom is around 12:00 GMT right before the New York session so if your strategy for any given day is generating a buy signal this seasonality charts will help you time the market much better so you’ll be better off to wait for the 12:00 GMT before starting to buy. In the same circumstance, you should avoid buying at around 8:00-9:00 GMT as usually around that time EUR/USD produces an intraday seasonal top. See "Intra-day Average 10 yr" image under Intra-day section Note* 14GMT 10ET - Forex Options can change price direction "EX. short" The EUR/USD technical pattern should look familiar. We’re trading right into resistance level which means that we should expect a reaction lower. Secondly, from the intraday seasonal pattern, we know that right around 8:00 GMT we should expect a top to develop. From the intraday volatility tendency, we also know that we have a pickup in volatility right around 7:00 GMT which again means that the reactions lower from resistance level should be significant. By using this information we could have sold EUR/USD at 8:00 GMT using a profit target that is in accordance with the intraday seasonal pattern. Seasonality Trading Strategy We know that 13:00 GMT usually produces the low of the day. The technicals also suggest that we’re near support level which means that a bounce is more likely to happen so we better take profits. Or at 14:00 GMT watch for a change in price direction because of the forex options release. Search internet for "forex options release" for what days they are to be released.
Long
by Tradingstrategyguides
BEST RIPPLE TRADING STRATEGYDid you ever consider investing in alternative cryptocurrencies other than Bitcoin? If the answer is yes, look no further, the best Ripple trading strategy can make you profitable by trading one of the fastest growing cryptocurrencies. By far the hottest topic in the crypto community at the end of 2017 and beginning of 2018 is the surge in the price of Ripple. Ripple price has blown up from under $0.02 to over $3 in under a year and has increased by 1,400% over the last month alone. The first logical question that must be on the back of your mind is what is Ripple and why you should be interested to buy Ripple. Ripple value has skyrocketed and it’s on everybody’s mind. At one point Ripple has surpassed Ethereum to become the second cryptocurrency in terms of market capital. What is Ripple coin? Ripple is a cryptocurrency based on a private blockchain that’s permission-based and centralized. It has drawn a lot of criticism from the blockchain evangelists because it’s opposite to the Bitcoin blockchain which is public and decentralized. In a nutshell, Ripple technology is trying to securely and instantly provide an almost free global financial transaction channel. So, why is Ripple such a great cryptocurrency? Ripple is trying to solve an age-old banking problem. If you think about it in the system we use today we do a lot of international currency transfers which takes a very long time for these transfers to take place. So, Ripple is trying to update that system and make it faster and more secure. We believe that Ripple cryptocurrency has a very useful place in the market as it’s servicing a huge need. Even though Ripple coin is different than Bitcoin, one of the Ripple’s advantages is that it has fast confirmation so, near real-time and instant confirmation of transactions. Plus, Ripple cryptocurrency is extremely cheap. Day trading XRP Ripple with Naked Charts Day trading XRP Ripple we need to deploy different trade tactics because Ripple price action has its own personality. Our TSG team has discovered through careful examination and backtesting that Ripple has the tendency to bottom on up days during a specific time of the day. Moving forward you’ll learn what the best time to day trade XRP Ripple is. Step #1 - The 15-minute chart will give us a better view of the overall price action and on the Ripple intraday trend. Step #2 If we’re on an Up-Day, Mark on your Chart the Time Window between 9 – 10 GMT Time As we mentioned earlier we have found out through backtesting that the best time to buy Ripple is between 9 – 10 GMT. However, that’s only half of the equation because our statistics also show that the best time to buy Ripple is in the up days. What do we mean by this? We want to buy Ripple if between the time window from 9 AM to 10 AM GMT, Ripple is trading above the opening price. If we buy Ripple above the opening price it means that we’re buying in the direction of the prevailing trend. Essentially, this is a trend following strategy deployed on intraday trends. Step #3 Buy anywhere between the 9 – 10 GMT Time Window This time window also coincides with the London open and it’s the time when many cryptocurrency traders step into the market. Now, depending on your trading skills and your experience you can fine tune your entry point within this time window. Step #4 When day trading XRP Ripple hide your SL below the Opening Price Any deep move below Ripple opening price will alter the bullish sentiment. A sell-off below the opening price indicates that the buyers are weak and maybe we’re better off trying to buy Ripple on another day. Step #5 Take profit once the Price Travels the Same Price Distance it did from the opening price until 9 AM GMT First, measure the price distance from the opening price to the high established between 9 to 10 AM GMT. Second, project the same price distance to the upside measured from the low established between the 9 – 10 GMT window.
BITFINEX:XRPUSDLong
by Tradingstrategyguides