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Last month I wrote an article about one currency master trading setup. Now I want to share how to trade with it. We will be able to trade in different timeframes with different styles.
As I described in my earlier article we will need to follow three different charts: Daily, 4 Hour and 1 Hour. I made small changes so this setup will be better for trading.
ADX: 13 – will be signaling trend strength and weakness
MACD: 13- will signal momentum
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
RSI: 13 – will be used to check sell and buy zones, also overbought and oversold zones.
MACD: 13- will signal momentum and sell and buy zone.
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
Stochastic: 13 – Will be used for enter and exit signals.
MACD: 13- will signal momentum and sell and buy zone.
Volume - Standard
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
We are huntin for opportunity first in Daily, then in 4H and then in 1H charts. We…
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Sharpshooter avatar

Но  помни, что техника и все, что касается разных технических моментов - это только вспомогательные инструменты. Главное, правильный взгляд на сам рынок в конкретный момент времени!) Рынок очень хитер)

Verona888 avatar

great job!

FE_GMTplus10 avatar

Well done!!!!

Mepcuk avatar
Mepcuk 23 Feb.


TurboTurtle avatar

good option for the trend

orto leave comments
Most of the traders use several currency to find trading opportunity. But few of them can be successful on that. I think the best is to follow one and use opportunities in full scale. No matter you are scalper or day trader, you also need to follow several timeframes. In this article, I will share my master workspace and trading approach. For that we will need to have three different timeframe charts at the same time. I will use EURUSD and 1H, 4H and Daily charts. 1H chart will be our main trading chart. 4H and Daily charts will be used for reference to get general view about market.
1) Daily Chart
Daily chart is very important for having clue about general market direction. We will use EMA, ADX for technical indicators to analyze market.

Timeframe: 1D
ADX: 13
MACD: 13
1st EMA: 34
2nd EMA: 120
Analyzing daily chart:
ADX is for checking trend strength. We will look for trade opportunity whenever ADX is climbing above level 25 and be aware of trend weakness when it will drop towards 25 and bellow. Check my article for December to know how to trade ADX.
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MbukhariIH avatar
MbukhariIH 29 Nov.

nice workspace

vadim0223 avatar
vadim0223 29 Nov.

good article

TforT avatar
TforT 18 Dec.

Well done .

tdbatinkov avatar
tdbatinkov 18 Dec.

good job

OlgaBLR avatar
OlgaBLR 19 Dec.

good job

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I am writing an article about one of my new strategy for part time traders and for lazy traders like me, which is of long term strategy with very low risk but with more reward. Please read how to prepare the sandwich and taste it and let me know the taste of it by providing feedback which is very important for me.
Before going to my strategy I want to ask couple of questions for all of you traders:
1. Are you part time trader/lazy trader?
2. Don’t know much about fundamentals/ microeconomics and technical analysis?
3. If you can’t assess all the news or any political drama of different countries and it's impacts.
4. You don’t know the future direction of the pair?
If you say YES, for all my questions then you will fall in love with my strategy and my request is at least once taste it in demo account.
Pre-steps before making yummy sandwich:

1.You need to consider the pair where the pair is moving in the range for example I am taking USD/JPY pair to explain my strategy.
2. I think all the traders know about the basic concept of Forex trading irrespective of full time or part time or lazy trader. You must me thinking now what it is, you know I am just talking about support
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Muller avatar
Muller 15 Sep.

well done, need to try

samymahrous avatar

nice job

pushkina avatar
pushkina 23 Sep.

Good job

Sebine avatar
Sebine 24 Sep.


Miren avatar
Miren 28 Sep.

Good job, thank you!

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La semaine du 10 Octobre promet d'etre assez volatile, faisant suite au flash crach du GBP et comportant des News majeurs sur le dollar le mercredi ,jeudi et vendredi.
Voici trois analyses de charts que je trouve interssant à suivre.

Analyse de l'or.

Sur le daily la paire est passé sous son EMA 20 après avoir marqué trois lower Highs, cela indique la présence d'un Down trend.
Mais d'un autre coté ce down trend serra limité par le higher low à 1200 qui serra d'autant plus fort puisque c'est un chiffre rond significatif et qu'il est très prés du dernier lower high à 1190 qui a été franchi au cours du mouvement haussier.
Sur le Rsi nous assistons à une divergence négative qui a donner lieu au mouvement baissier, et en phase de construction une divergence cachée qui peut atteindre le niveau Rsi 20 , cette Divergence cachée et en phase avec le scénario d'un rebonds de la paire du niveau 1200.
Au cours de la semaine prochaine il serra très intéressant de monitorer la paire à l'approche du 1200, attendre surtout l'apparition de bougies haussière bien former pour confirmer le rebonds.
Analyse du Brent.
Sur le daily le Brent a cassé une ligne de tendance qui a débuté le mois Juin 20…
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priceaction113 avatar

GBP is not fallow any tech now a days I think it is last 3rd leg of down side till 1.17 area will go long around this level

k_morocco avatar
k_morocco 12 Oct.

priceaction113 thanks for your comment , i thinks that we can see more down trend un the GBPUSD, in relation to technical analysis it is a valuable tool for framing trades as it gives you probables scenario . IN  the end the market do what he have to do

FXRabbit avatar
FXRabbit 23 Nov.

Well written!

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After the Gbpusd market peaked in June at 1.5929, it bottomed in July to a low of 1.5329.
The market has formed a range which is very noticeable on the Daily chart, with the top of the range at approximately 1.5700, while the lower part of the range is around the 1.5400 region.
Even though the Gbpusd market has been ranging, there has been a strong tendency for the market price to move to the up side. Some of the fundamental reasons for this up trend include:
  • Strong wage growth readings recorded in April (with March readings reviewed upwards)
  • Strong inflation readings in May after a four-month slump
  • Possibility of an interest hike

With the recent weakening of the United States Dollar, we have seen the Gbpusd market rally closer to the top of the range, with the last three daily candle showing strong bullish signs.
The big question on everyone's mind is whether the Gbpusd market is going to break out of this range and head North.
The upward breakout was expected this week, but the Gbpusd market is still not showing enough momentum to break out of the range. However, it should be noted that the Gbpusd market has broken its daily trend line in the upward direction, so a breakout is st…
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Natalia_Kisenko avatar

very well!

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Every trading method will have parameters for entries and exits. Some traders will decide to wait for confirmation and for
others, the fact that price is at a specific level is all the confirmation they need. This article looks at a great reversal pattern to use for confirming short trades.
I like to trade from higher time frame levels,mainly from the daily chart but I will always wait for confirmation before
considering an entry. Stops based solely on a daily level can be quite large and also price might not be ready to turn yet. Waiting for a reversal offers a safer approach to trading and helps to minimize losses and increase the reward to risk ratio on trades.
Considering the trend
To consider a short I want price to be at a level which I have objectively identified as supply on the daily chart. A level which I believe price will fall from based on a previous move from the same level.
When price hits a supply level the trend will usually be up. An up trend will often have higher highs along with higher lows and will sometimes have demand levels which would have formed during the up move. In an up trend you would expect demand levels to hold and supply levels to fail, so whilst…
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MaximumLots avatar

@Likerty. Yes indeed there are always multiple trends in play at an given time. The challenge is to identify the direction regardless of what seems to be lots of conflicting signals.

IGUMZFX avatar

This article is indeed very powerful. Please keep it up

Victor avatar
Victor 16 Dec.

well written

MaximumLots avatar

Thanks Victor and IGUMZFX

CJFX avatar
CJFX 27 Dec.

Nice article

orto leave comments
4hour or daily chart in Price Action? Part 1As you probably know, each trader has to find harmony between his personality and his trading strategy. It is one of the most important steps on the road to become a stable profitable trader. Several months ago I have decided that Price Action is my method of making technical analysis. Sometimes there is a huge gap between decisions and our trading practice, but it is a topic for another day. EXAMPLE 1 Let's see the daily chart EURJPYIt is a bearish candle - 25 February 2013 What do we see? There is s strong bearish candle as breakdown. Strong engolfing, as we may say in PA's language. I suppose several thousand traders all around world opened short positions on this pair in 61,8% or 82% fibo and set stop loss behind this 25 February's candle. It doesn't matter if several PA's setups won't work on daily charts, of course, but let's ask another question. How we can use this big move to make money in the market?It is time to see 4 hours chart EURJPY during 25 February's session. The 4 hours chart show chance open short position with good relation between risk and profit.We see the false break setup, (i've written some information about t…
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scramble avatar
scramble 18 Apr.

in my opinion combination of timeframe is the only way to make a good technical analysis! so definetly is not just a daily candle giving the direction. but sometimes it is, depending on hourly and weekly setups :)

valentine avatar
valentine 30 Apr.

Why does this article drop in rank so bad? Anything related to price action should be valued :)

zbych avatar
zbych 1 May

Valentine, thanks for support.

Jester avatar
Jester 7 May

IMHO, 4H charts are most useless in trading because of 4H chart reflects nothing in terms of big market players actions. It's just a ... chart. There is nothing new and important which You don't see ant daily and hourly charts. But intraday accumulations and manipulations could be not seen on it. So my choice is daily and hourly. They have valuable info about market forces. Not 4H.

zbych avatar
zbych 7 May

Jester, thanks for your comment. Maybe You are right, but i try read market using 4h charts and on eurusd, or audusd it is interesting. Maybe eurjpy is very special pair, and i want to write about this pair more in next artical. Best regards

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