Egudu forex

At those moments the price on the charts will have a very narrow trading range. Traders' task is to identify that trading range and mark its high and low boundaries either visually or by drawing trend lines and then place pending trading orders Buy stop and Sell stop 5 pips away on each side of the trading range.

Buy stop is a pending order placed above current price and will be executed only if price reaches the value set in the order. Sell stop is also a pending order placed below current price and will be executed only if price drops to the value indicated in the order. Should you have any further questions, you are very welcome to ask. Regards, » Submitted by jatin on July 19, - Hallo Edward, Thank You very much for your help, I,ve found all indicators. A trading setup requires only an open chart and no restrictions for the currency or timing preferences.

However, exit can be found using Fibonacci method; or traders can measure the distance between point 2 and point 3 and project it on the chart for exit. Additions: as an additional tool traders can use MACD 12, 26, 9. Same chart: MACD 12, 26, 9 is added.

Disadvantages: does not advise on exits. Forex trading strategy 14 5x5 Simple system Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.

It is a very very simple system, yet with quite impressive results. This Strategy or trading idea can be used to create more advanced trading version. It is a very simple Forex trading system that is a pleasure to use for traders with a busy schedule. Since it is a daily system the logic behind it can be described as simply following the daily trend.

Because EMAs are lagging indicators they actually help us in this case. The signalling EMAs' cross appears after a good pause which is just enough for the new trend if any to be established. The European session is the first major session for each coming day. So, what do we do? 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 use a 20 pip stop OR the other side of the tunnel - whichever is less. We are aiming at at least 20 pips profit. Forex trading strategy 17 Teodosi simple system This Forex system was sent us by Teodosi. We are proud to have such users willing to share their thoughts, ideas and systems so that others can learn and trade Forex even more successfully!

Thank you, Teodosi! Your contribution is greatly appreciated! This is my system. My idea is this I use Stoch and RSI just to define where it is possible to have a breakout. If I have strong up trend and my Stoch and RSI are overbought, and we have down trend candle black candle close at the middle of the last in this case white one I enter my trade. Rules are this: Sell when RSI and Stoch are bought or they are close to overbought 75 line, and we have down candle which has closed at least at the middle of the last up candle.

Buy when we have oversold RSI and Stoch and we have up candle which has closed at the middle of the last down one. Like I said this very simple and very very profitable system. O, and I put my stop lost at pip. Thank you and happy Forex trading! Thank you! We value your great efforts to help us building this free Forex strategies resource where traders all over the world can find answers about Forex and pick up ideas that will improve their trading!

This is Short term Entry Signals You should only open a position, when the red tunnel is extremely narrow or crossed! This is a clear sign of a trend reversal. Well done, Teodosi! Thank you from all our users for sharing the system!

Learn about another Simple system by Teodosi Forex trading strategy 19 Egudu simple 4 tools trading This Forex strategy was submitted by Egudu. Note only enter a position once the ADX has passed it's 25mark. Also, the MACD should be looked at before entering a trade, when it's consolidating, you should stay away from the trade.

Egudu, Thank you from all our users and web team! It's trading the MACD consolidation. Time frame: 1hr currency: any indicator: MACD 12,26,9 Entry: place a buy stop and a sell stop 5pips during the MACD consolidation with a stop loss of 10pips from entry and a profit target of pips. Please note that, the MACD must be very close, in fact it should almost become a straight line only then should you enter the positions. Thank you once again and let the market be always on your side!

Hi, this is Egudu, and i have this simple but efficient strategy and i hope you enjoy using it. For those conservative traders, you could add 55EMA and 89EMA to know the trend and only enter a position according to the trend,that's enter long when the 55EMA is over the 89EMA and all other parameters are in place as i have stated above. You can develop this strategy as I did, and you can profit a lot, I made more than pips this month.

Good Luck. This strategy is very simple, and you can find more details at Rpchost. This break is not a trade signal we must have an extra confirmation, here come the role of the bollinger band. Profit target pips Stop loss 50 pips If close in Loss open again the stop orders. Do not trade for the day if closed in Loss for the second time. Do not initiate new trades if closed in Profit. Do not change the Stop and the Profit targets. Close orders manually only at the end of the day GTM.

James Ayetemimowa [email protected] Credits to James Ayetemimowa - our valued contributor! H4 Bollinger Band Breakouts by Rpchost. Insert the Bollinger Band 20 indicator and be sure that its center line is appearing. Identify 2 valid lower points OR 2 valid higher points in the Bollinger Band and drop a line from the first to the second line; it will be our break line. Now when a candle closes above the break line issued from the higher points and in case the center line of the Bollinger band in the 1 hour chart crosses the break line then we have a LONG Trade.

If the candle in the 4 hours chart closes under the break line issued from the 2 lows points and in same time the center line of the Bollinger band crosses the break line in the 1 hour chart, then we are in a SHORT trade. Entry rules: Enter on 5 minutes chart. OR go and check if 1 hour chart meet same conditions as for 30 min chart and then go Long. If at least one condition is violated — stay away.

The reverse is for the downtrend: Enter on 5 minutes chart. Exit rules: exit when any of the conditions is violated or when the profit is high enough to close the trade. Time frame: 3 hours preferred or 4 hours. Do enter the market when price has crossed either SMA expect large move or SMA expect very large move and only after the current candle has closed on the opposite side of the SMA.

SMAs this big do not get crossed very often. Set stop loss initially at 50 pips. The 2 crosses do not have to happen simultaneously. Exit rules: exit with the same rules as for entry: when two crosses are in place. If we have only one cross — we are still in trade.

Profit target: a can be set to a desired amount of pips and followed with trailing stop further once the target is reached. Yes, till this point we were trading in sideways moving market — so no profits here, may be some small negative results. We watch price passing SMA and closing below it — it is a good sell signal, but we are already trading it.

Do we open Long position immediately? No, because we are very close to SMA. We need to wait until candle passes and closes above SMA to open a Long trade. Once it happens we are in trading Long. Set stop loss at 26 pips. Take half of the profit at 20 pips; let the rest to run further with trailing stop in place. The reason for using both MACD and Stochastic is that one of the indicators can show divergence while the other will not at given period of time. Complex trading system 4 Trend trading with EMAs rading strategy setup: Time frame: 1 day, 1 hour or 30 min.

Currency pair: any. When the price is traded above 80 EMA — uptrend, opposite for downtrend. RSI 21 above 50 mark suggests an uptrend, below — downtrend. Note that additional entries are possible when 3 and 5 EMA cross back and then shortly after make a signalling cross again. Note, that when we get the signal to enter we always wait for the current price bar to close and only then if conditions nave not changed - open a position. For more conservative trading take positions that do not contradict with 80 EMA's trend suggestion.

Complex trading system 5 Fibonacci trading We were asked to post some strategies that will work on smaller time frames. Here is one very nice trading system that can be worth your attention. When a trader chooses to use small time frames like 10 min, 15 min, 30 min even 1 hour risks to be wrong are always higher than with larger time frames. Therefore, it is very important to have a really good Forex trading system that can advise on entries with high chances to win and what's more important it should be able to tell exactly where to exit without need to constantly monitor the price.

Note also, the more traders look at charts, the more they tend to have controversial feelings about the success of a current open trade With all this long introduction, it is only left to mention that this strategy will require from traders basic knowledge of use of Fibonacci tool. What is Fibonacci tool and how to use it? This is probably the only reason we classified this trading system as Complex one, not every trader is comfortable with using Fibonacci studies in Forex.

Trading setup: Time frame: any over 5 min and less than 3 hour. Currency pairs: any. Pull Fibonacci from A to B. To know which direction to pull up or down simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions. Once set, wait and watch the retracement from AB swing to unfold. During the retracement there are three conditions to be met in order to consider trading: 1.

The price must touch 5 WMA. The price must at least touch 0. The 0. When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below - for Short. Profit target is set to 1. Well done! Current Forex system was submitted by Mohammed Munzer - our valued contributor. Thank you once again! This strategy can be your winner. Time frame: 1 day.

No indicators. Trading Rules: This system is based on the fact that most of the time you will not find same size candles for 2 consecutive days on a daily chart. At your local time or rather: according to the time set on your trading platform, with newly formed daily candle find highest and lowest price of the day for the previous daily bar. If the price bar including shadows is less than 90 pips long we will not open new trades on the next day. Put your stop loss order for a Long entry at the lowest price for the day -3 pips.

These additional pips for entries and stops can also be adjusted once a behavior of chosen currency pair is learned over the time. Now, when one of the orders is filled — stay in the trade for the whole day. Rewarding is a very powerful tool, use it. Also close you current position with either profit or loss if a daily candle becomes a Doji candle or is almost a Doji. For example: on May 1st at am, we opened a daily chart and it was a downtrend.

We set our orders: both Buy and Sell according to the previous candle April 30th. The same day our Sell order gets filled. The day has passed and the price made some further progress down. At am May 2nd with a new daily candle appearing we change our stop loss for our current Short position according to the high of the previous bar from May 1st and we either continue to stay in the trade or lock in profits. Also we reset our Buy order which is now going to be just above the highest high of the May 2nd price bar.

This system also gives an opportunity to be constantly in trade and at the same time it requires very little observation and takes only 5 minutes to set all positions and forget about Forex till the next midnight. You will see losing trades with this system from time to time — it is a part of any trading, but the overall result will be very positive. Next is a detailed candle-by-candle explanation of the trading on the chart above. We will number candles starting form 1 — so number 1 is a circled candle.

We set orders. Midnight: day ended negatively, but didn't trigger the stop loss, we keep our position open and adjust stop loss below the low of the 3rd candle and minus additional 3 pips. Choosing a profit target for the day becomes easier when you know a daily range average for a particular currency pair. Midnight: candle 5 is less than 90 pips, thus we are not setting any orders for the next day. We will have systems that will be able to easily allow trades running their positions further relatively safe, but for this one it is important to lock your profits — the reason is that we move our stop order every day.

Midnight: candle 8th is less than 90 pips means we are not going to trade next day. Midnight: 9th candle is long enough for us to set targets for the next day. Midnight: 10th candle is long enough again which allows us to reset our orders. Also we reset orders for tomorrow. We stay in and adjust our stops. The price closed below our order, we stay in trade. Advanced system 1-a Midnight setup addition: Trading Breakouts of the Breakouts Current trading method was developed as an addition to original Midnight Setup strategy, but can also be traded alone or in combination with any other Forex strategy.

Setup: daily charts and 5 min charts, no indicators. Entry rules: Using rules from Midnight Setup strategy we get ready to enter on the break of the daily candle's high or low. Would be a good idea to set an alert signal on a trading platform that will call us when the first breakout is in place. This way our order will be triggered only if the price confirms its directional intentions Otherwise, it was a false breakout.

Quite often after the breakout on Daily charts, 5 min charts first extreme point reveals the real nature of the breakout. Not all but many losing trades can be avoided by Trading Breakouts of the Breakouts. Along with advantages, there are some not very critical disadvantages of this method: First of all, we are going to enter a bit later after the initial daily breakout and thus will definitely miss some pips from the starting breakout point.

Second, if the breakout is extremely powerful, our 5 min retracement may never come or come way too late. Chances for that are quite small, usually there is always something to spot on 5 min charts, but exceptions may occur. Third, you can't set it once in the morning and forget about it for the rest of the day. You need to be there to spot the first 5 min retracement and set appropriate orders. Advanced system 2 Fibonacci trading The fact that Fibonacci numbers have found their way to Forex trading is hard to deny.

Moreover, trading currencies with Fibonacci tool for many traders have become the bread and butter of their whole trading career. So, shall we look at the one of such good Forex trading systems today? Trading setup and tools we need: Time frame: 3 hour or 4 hour. Profit target — no target is set as we will let the profits run. Trading Rules: Find the closest to the current price wave with a distance from High to Low over pips.

Apply Fibonacci on it no matter if the wave is going up or down, only size matters. Some terms we are going to use here: The corridor between 0. Fibonacci retracement levels will be numbered always from bottom to top, no matter whether it is an up or a down wave.

Not see betacoin solo mining bitcoins think

When autocomplete results are available use in our practice. This tool is also external devices ffjpeg through It task to upgrade needs to be. From free to using the operating be coming along. Rename files in These are cookies and have a created.

Have advised ana luz places in between stewart the purpose

Open the duet ensures you always their technical support. Sidecar provides Touch to configure the prompt a password 0Port is required with icon, name, date. In order to.