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Frequently released macro figures are good opportunity to show how you can take advantage of this kind of market events. Much is said about it, "do not play when the figures come", but why not take advantage of moves generated by them to open the next position or reconstruction of old? I am not talking about the entrance at the time of publication, but shortly after. Below I present it as a long position rebuilt, which was exited by my trailing stop (set slightly below the low of 7.30 GMT 06/03/11). Case was happened 06/03/11. The default timeframe is M10. From about 12:00 polish time (10:00 GMT), we could see a clear phase of waiting for figures reading and only the necessary foreign exchange is being done. Well illustrated by the GMMA, which took in the period before the publication of a very compact and flat arrangement. I found that market is general uptrend (based on H1 and D1), quite clearly and in accordance with that, I manage opened positions and open only long positions in daytrading. At 14:30 (12:30 GMT), NFP, the unemployment rate and average hourly earnings has been published. All data were clearly negative for the dollar, which caused the initial sh…
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przemyslaw avatar
przemyslaw 11 Oct.

Great job again! That's how every artcile should looks in this contest: many charts and brief explanations. In addition, author shows how easy can be profiting on the forex market.
Good luck in the contest!

ritesh avatar
ritesh 12 Oct.

Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

orto leave comments
3/108
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I present one of the input signals for which I pay attention during my trading. It is quite popular in its basic version, so I decided to present it. I recall that it is part of a larger strategy and independent use of it, does not lead to miraculous results. You need also to consider exit signal. In this example, the H1 is traded timeframe, and the entry timeframe is M10. Currency pair, which we will investigate, is EURUSD. The values ​​of indicators are chosen based on observation and they are not some "magic" numbers. Signal is the observation of double bottoms, but rather breaking local lows and later its successful test. This is not a trend reversal signal, but signal of end of correction and trend follow-up, in contrast to the classic double bottom. It must meet the following conditions: we have quite a long, stable upward trend;market has made ​​significant correction, i.e. outstanding against the former, which is higher than the average pullback;correction does not exceed 61.8% retracement of last swing;first bottom falls on the technically important level (whether it is a grouping of retracements or anything else, just consider this as important);first bottom on traded t…
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przemek avatar
przemek 3 Oct.

Well done! very useful technique, thanks for that!

LinnuxFX avatar
LinnuxFX 3 Oct.

Good job with your article, keep going...

petefader avatar

Good article, +1 bro

amerfx86 avatar
amerfx86 8 Oct.

this strategy is nice +1 good luck on the contest

ritesh avatar
ritesh 12 Oct.

Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

orto leave comments