Technical Analysis Strategy:
Latest: High Probability Trading
Even traders with limited experience start to realize that we are not trying to capture every market move. We want to improve our odds and reduce our frustration by filtering, for high-probability trades.
The combination of trend and Fibonacci techniques can provide powerful signals for higher probability trading. We already know that trend-lines have some validity, and so do Fibonacci levels. Combine the two, to improve your chances.
For more details, see the following web page High Probability Trading
Traders usually study charts! Fibonacci ratios may be applied to the Price scale, and also to the time scale of charts. I study the price scale. My focus here will be on the price scale for now, perhaps in the future I'll add some time-scale studies.
Prices never move in a straight line. Look at any chart, you will see many wiggles, as price advances and retraces.. Stocks, Futures, Forex, all instruments which are liquid, will often retrace in Fibonacci proportions, and advance in Fibonacci proportions. Not always, and not precisely to the penny. But very often, and reasonably close! This happens often enough that profitable trades can result. I will show you some examples below.
I used Fibonacci ratios with a few simple indicators to help determine probable price turning points, optimum entry, exit and stop-loss levels. For more details, see the following web page Fibonacci Trading
2: Nagen Multi Time Frame using Laguerre
This forex trading strategy depends on multi time frame (5 min, 15 min, 30 min, 1H , 4H etc). Because by using multi time frame you can rectify false trend moves of currency.
Which forex indicator we required?
LaGuerre 1 - Gamma 0.55, levels 0.15, 0.85, 0.45 bars to read 9500 color Blue.
LaGuerre 2 - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color Red.
Pivot Points: To Find daily Profit levels and as indication of Support / Resistance.
For more details, see the following web page Nagen Multi Time Frame using Laguerre
Every Forex trader know the power of Fibonacci numbers and Stochastic in Forex Market, both are very popular and powerful indicator in the Forex market. Here we are going to combine both to make them more powerful.
Which forex indicator we required?
1) Two stochastic slow indicator with setting Red (14, 3, 3) and Green (5, 3, 3).
2) Fibonacci with level 200, 176.4, 161.8, 150, 138.2, 123.6, 100, 76.4, 61.8, 50, 38.2, 0, -23.6, -38.2, -50, -61.8, -76.4, -100.
3) Three different time Forex chart 30M, 1H and 4H.
Set-up (use GMT
Draw Fibonacci line from the previous day's low to the high and draw it so the level lines extend into today (Yesterday is between 0:00 GMT and 24:00 GMT). Always Fibonacci level 0 should be at low and Fibonacci level 100 should at high. Don’t consider market trend while drawing Fibonacci line, just draw from low to high. For more details, see the following web page Stochastic with Fibonacci
4: Short term trade with good accuracy using Stochastic
This Forex strategy is for extremely short term trades to capture small pips (20 +), but its accuracy is very good. Our trades are always depends on stochastic position over multiple time frames stochastic (15M, 1H, 4H). If you need an explanation of stochastic you will not find it here.
In this Forex strategy 4H stochastic lead our entry and entry will depend on 15M stochastic.
Here we are going to use elasticity concept. This occurs when 15M Stochastic stretches away from the other 2 Stochastic (1H and 4H) and then snaps back. Here 15M Stochastic goes against the trend and then join the trend. You will understand better you will see example with picture.
What we require?
1: Three Forex chart with different time frame (15M, 1H, 4H) or custom stochastic indicator on 15M chart (download link is below).
2: Stochastic indicator with setting 14, 3, 3
For more details, see the following web page Short term trade using Stochastic Strategy
This is not a Day trading system. Plan to be in positions for multiple days and possibly up to or more than 2 weeks. The goal is to build profitable positions, protect them (with Stop losses) and add more positions simultaneously while keeping your initial risk the same.
I trade the 4 hour and Daily Forex Charts based on momentum. After trial and error (Research n Development) on short term (5min, 15 min, 1hr etc) Forex charts I've found the 4 hour and Daily Forex charts are best for this Forex trading Strategy.
For more details, see the following web page RSI with Stochastic strategy
Fundamental Analysis Strategy:
Fundamental analysis refers to political and economic conditions that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.
Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis. Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions.
Technical forex trading strategy focuses on price action and market behavior, especially on chart and technical indicators.
Generally speaking, fundamental forex trading strategy can only judge which direction the market will move, and technical forex trading strategy can supply both direction and rough currency rate., but from my point of view if you are new in Forex trading / you have less time for Forex trading then you should go for Fundamental forex trading strategy using simple forex trading strategy explain here, because by using this forex trading strategy you will know when you have to do Forex trading. But if you have time for Forex trading then you should go for both Fundamental forex trading strategy and Technical forex trading strategy. But for Technical analysis you should know the Basics of Technical Indicator.
For more details, see the following web page Forex Strategy without Technical indicator
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