And we all know how trading with candlesticks is one of our most powerful tools. Want to trade forex? As you see it goes up strongly first red big arrow. You have to find a good regulated broker. Paper trade it or trade it on a demo account for a while. Greetings great one I hope you do not get tired of hearing same thing over and over again,the truth is your course is an eye opener,this new insight is very helpful and powerful but undervalued by many who do not know the real truth,I really applaud you for the difference your course has done for me. It means a big Bullish pressure candlr imposed to the market suddenly.

A truly great work has been done by Myronnthe author of the current Trend Line Trading Strategy. Support-resistance trading, trend line trading, checking higher time frames, money management — the strategy has a concrete-like theory base and a simple implementation — a 5 candle forex trading examples combination, that places it into the category of advanced strategies.

Lol… I cant blame you. But maybe you can learn something extra here. Do yourself a favour and take a look at a chart and fandle if you can identify a trend. Is there a main established trend? There are exceptions where you can go against the main trend, but I wont touch on that here. Timeframes suitable for these strategies are the daily, 4h, 1hr, 30mins.

I use only 1 Metatrader4 indicator called Swing ZZ zz for zigzag. It is freely available in the net, just google it and you can download it. Thanks to the programmer who wrote it. I call this trendline trading strategy because it involves drawing trend lines using the swing exampes and lows of the Swing ZZ indicator. Get the big picture first, that is very important. For me, when I want to trade on the hourly chart, I first check the daily chart and also like to see what is happening in the 4hr chart as well to see if I can spot an obvious trend or channel or congestion happening in 5 candle forex trading examples daily and the 4hour charts.

I stay out if there is congestion tradong breakout of the congestion happens and a trend is established. I draw trendlines in the daily or cahdle the 4rhly charts chart then switch to the 1hr timeframe. I identify trends in the hourly and draw trendline s as well. The trendline can be the daily, 4hrly or the 1hr trendline. You must place your order when that candle closes. Note you must wait for price to approach a trendline or very near to the trendline before you place your sell stop order.

You should set your stop loss according to your money management calculations and risk tolerance. Just do the exact opposite of short entry. Here is a screenshot of the trades I have taken using the strategy above. Attached are account history screenshot of trades taken in two parts as I am cwndle to take 1 complete screenshot. This strategy is amazing ,hats off for you buddy. I just want to ask you that i do not have swing zig zag indicator so is there any other substitute?

I mean is there any other way to identify swing highs and swing lows? I hope you will reply soon. You really dont have to use the swing zz indicator at tradung in this strategy. But it does make it visually easy for me identify swing highs and lows in the past and based on that draw trendlines. At a minimum of 2 "peaks" or 2 "valleys" is required for you to wxamples a valid trendline. A line of best fit is usually required if you have 3 or more points to conect. That's a power strategy!

As I understood, all your entries are taken on 1 hour timeframe. May I ask, how do you candld what swings to use daily, 4 hour, or hourly for setting stop losses? Does it depend on the trend line being hit Or am I mixing things up Thanks for this forsx job For stop loss, allow me to give an example here:When Exaamples place my gorex stop order in the 1hr timeframe, i search for the previous swing high also in the 1hr timeframe and put my stop loss just 5 pips above it.

If the previous swing high is just above my entry and my stop loss would be like 20pips placed just above it, that is good. Ok,the issue is: what happens if the previous swing high is about exampes away that would mean pips stop loss right? Can you take that or not? When it violates my money management rule, what I do is I switch to a smaller timeframe and that would be the 30min. In there, I look for swing highs that would be much closer to my entry point and and with 5 candle forex trading examples loss that fits my money management and that is where I place my stop loss just 5 pips at least above the previous swing high in the tdading timeframe.

Thats trdaing i do it and i hope you all will experiment and see what fits each one of 5 candle forex trading examples individually as traders. Remember, wait for the price to come to the trendlines before taking any trades, dont take anything 5 candle forex trading examples between the major trendlines. Patience is the key. I place my order as described in the strategy. Pls note that I eexamples not to use MARKET ORDER entries examplds prices near the trendlines because ANYTHING can happen there.

Answer: any currency pair that is trending. Answer: There will be candles breaking or intersecting the trendline s trying to head in the opposite direction to the traidng trend. However, if the trendline is broken and a new higher swing high and higher swing low is made that may signify an uptrend. Grateful for your detailed explanation. One more humble question, please: this time about profit targets. Same trouble: I enter on 1 hour chart, do I look for a previous swing on 1 hour time frame?

In your examples the charts are 4 hour and daily and profit targets are chosen accordingly. Were those entries taken on other than 1 hour chart? Active traders Poll - share your live experience or read what others have to say. How to ezamples trading Forex. Trailing stop EAs MT4. Forex systems with MT4 custom indicators. Create own Forex system. Forex Polls - results. There are currently 11 users online. Submitted by Edward Revy on October 4, - Remember, your feedback, comments and forrx are always in great demand!

This strategy is Hi Myronn. BigPond wireless broadband hmmm Hope this answers your question. Exajples, Ausie,,lol, dead giveaway huh? Froex you very Hi Myronn. Thanks you very much for your quick reply and detailed answer for my question. That's a power Hi Myronn. Thanks for this Hi Myronn. Grateful for your Hi Myronn. Wish you all the pips in Forex :. How To Double The Account In 1 Day?

Complementary to strategy caandle Trendlines. MACD Binary Options strategy. Forex Strategy Based on Large Stop-Losses. Ultra-Short Term Forex Trading Strategy. About us User feedback Contact Advertise Privacy policy Link to us. First of all, this site is awesome. Edward, you are a great man. I am calling this a Trend Line Trading Strategy and it is based on:. So lets get started shall we? Wish you all good health.

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An Introduction To The Pin Bar Forex Trading Strategy and How to Trade It Effectively The pin bar formation is a price action reversal pattern that shows that a. First Time Here? This is a step by step guide to currency trading, but you can jump around using the left navigation bar. If you already have a general understanding. Trading With Candlesticks Made Easy. We all know candlesticks. And we all know how trading with candlesticks is one of our most powerful tools. It’s hard to imagine.