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EURUSD 15M PIVOT POINT DAY TRADING STRATEGYSetup chart with - Volume, Pivot standard, Sessions on chart. Step #1: Trade only at the London open or the 8:00 AM GMT. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point. 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 below the Central Pivot. Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run. Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level. Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
2
BEST 15M TRADE STRATEGY USING MOST CURRENT PROGRAMED INDICATORS THIS SHORT TERM TRADING STRATEGY IS USING THE MOST CURRENT PROGRAMED INDICATORS TODAY IN THE MARKET. Trade pairs with no news that trading session. Trade daily trend of either the current 4H or Day chart (MACD/SIGNAL LINES, 5/10EMA LINES SHOW DIRECTION). US session - trade anytime after CLOSE of 1st 15m bar as NYSE opens - 9:30 am ET. Asian session - trade anytime after CLOSE of 1st 15m bar as JPY opens - 8 pm ET. UK session - Trade anytime after CLOSE of 1st 15m bar as GBP opens - 3 am ET. Add Kijun-Sen indicator - The Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. When the price is above Kijun-sen then short- to medium-term price momentum is up (price below momentum is down). This indicator determines trade directional bias. Add volume indicator - check volume MA box: shows you the average atr value line (choose whatever color). Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. We look for the volume bar to have reached the volume ma line to trade 100% position size or at least reach. 75% to the volume ma line to trade 1/2 position size. Do not trade if these rules are not met. (Reset setup). Add %R indicator - Period 10, levels -20/-80, add -50 level, your own line color preference. Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. We look for oversold condition below -80 level to confirm short entry or over bought condition above the -20 level to confirm long entry. This is contrary to past training but this works best on smaller time frames for the %R indicator. Add Macd - faster settings of 12 - 17 - 9, Histogram only, make all bars red & green, uncheck macd & signal lines. We look for histogram bars to be moving towards the zero line or a cross over of the zero line to confirm entry. Trade Management: trade anytime after trading session candle CLOSED. 1 - Position size (compare volume bar to volume ma line). a - Candle must have reached the average volume line 100% for a full position size. b - If 75% of average volume line then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 5 pips above Kijun-Sen+ line. 4 - 1st trade TP will be 12 pips or 1 x ATR of pair. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price or exit if price stalls. EURAUD 15m Short Trade - 1st 15m candle close of NYSE open. 1 - Price below Kijun-Sen+ base line so bearish bias. 2 - Volume bar at ATR average line so price has momentum - trade 100% position size. 3 - %R oversold below -20 level confirms entry. 4 - Macd with red bar below 0 line confirms entry. 5 - 1st TP hit - 2nd trade SL moved to breakeven. 6 - As price continued to fall 2nd trade SL followed highs of previous candle to current price candle. 7 - Either SL was hit or exited trade because price candles stalled sideways.
Short
by Tradingstrategyguides
7
Second TP @1,320 for GOLD Good Morning, Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both indicate a target @ 1,320 and I shall be satisfied with all my profits. Never be greedy!
FX:XAUUSDLong
by Nixxflixx
EUR/CAD Kobane Trading Plan 5/27/19 Tyree Thomas Jr Kobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/CAD mark up for the week and check back because I may update my mark up later in the week. The alert is set at the 38.2 level on the Fibonacci retracement tool, that level can also serve as a notice to manage your risk and move your trade into to stop profit. The support and resistance lines serve as technical indicators and they are the 786 level on the Fibonacci retracement tool. The alert can also serve as a the take profit instead of waiting for the market to hit the take profit that is posted. With all of my trades, the first trade entry is set at a 1 to 1 ratio, and the second trade entry is set at a 2 to 1 ratio. I forgot to mention this on the other mark ups that I published.
by Tyreejr
WHAT IS AN ATR RISK REWARD MANAGEMENT PLANWHAT IS AN ATR RISK REWARD MANAGEMENT PLAN 1- Maximum per trade risk = 2% use a position size calculator 2- Stop Loss = ATR x 1.5 3- 1st TP = ATR x 1 4- Use two positions - each 1/2 total of trade risk (1%) 5- Both positions use hard SL - ATR x 1.5 6- 1st position uses hard TP - ATR x 1 7- 2nd position uses a trailing stop for TP 8- After 1st TP hits move 2nd trade SL to break even 9- Follow stops on 2nd position as it runs 10- Don't double leverage a currency (buy Ca/J and sell U/Ca don't double up) 11- 1st TP hit but price drops: use Heiken Ashi changes color exit 12- Price does not hit 1st TP and drops: if my entry strategy changes direction then close trade to not hit hard SL 13- Shut down trade before hugh news events
Short
by Tradingstrategyguides
Dax target (almost) reachedWe have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too. I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook. Cheers TC24
XETR:DAX
by TradersClub24-International
2
Cyatophilum Bands Pro Trader V4 Hello, This version includes a new feature, engineered to increase profitability. About the backtest below: Short + Long Strategy 0.05% Commission 10% of 10 000% equity per trade. Net Profit can be increased with a bigger % of equity. Strategy data from 01/11/2019 to 30/04/2019 The Cyatophilum Bands, Trailing Stop Loss and Take Profit System are explained in the last version: The access to this indicator and its Alert Setup version are included in the Cyatophilum Indicators pack available on my website blockchainfiesta.com To get a free trial, leave a comment, thank you.
by cyatophilum
GBPCHF educationalHi traders, I will show you in this analysis how to trade ranging markets before the break out. After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup. First draw the triangle an the boarder lines of the range. The border line of the range are the entry points for your stop orders, the opposite range line from your entry point is your stop. Your target on a long trade is the next resistance and on a short trade the next support line. So you must not watch all the time the charts. Risk management is the key to forex. Your Stefan Forex
by StefanForex
1
EURUSD Long - Price May Rebound EURUSD has fallen significantly throughout the week but selling strength is also starting to diminish As the dollar has reached 97 which is a key supply zone, the price is likely to fall and that will cause EURUSD to rebound and climb. EURUSD is also seen supported by a 3-weeks supply zone and there's sign of reversal. As today's the last trading day of the week, there's a high chance for large profit taking and that will definitely cause the price to rebound fast.
Long
by AlgoVenture
GBPAUD 1H MACD TREND FOLLOWING STRATEGYStep #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline This step is quite simple, right? At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above) When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low) Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought GBP/AUD the same day the bullish divergence trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
by Tradingstrategyguides
2