Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
A Forex Swing Trading Strategy That Made 1260 Pips In 21 Days!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="FXTrader29, post: 48274, member: 19997"] This is a simple forex swing trading strategy. This swing trading strategy does not take more than 30 minutes to trade daily. Read the article below, we are going to give a detailed analysis of a recent swing trade made using this simple forex swing trading strategy. [B][URL="http://www.forextrading22.com/431/a-forex-system-for-h4-timeframe/"]However before you read the article below, we suggest you read the post on our Swing Trading System for H4 timeframe[/URL][/B]. We would suggest that you read it before you continue reading the article below. This will help you in understanding the swing trading strategy in a better manner. Take a look at the following screenshot. [IMG]http://www.forexrobottradinginfo.org/go/swingtrade31.png[/IMG] As you can see in the above screenshot, RSI, Stochastic and the MACD all three are showing strong bullish divergence. In order to make an entry we shift to the H1 timeframe. H1 timeframe is also showing bullish divergence on RSI, Stochastic and the MACD. We draw a minor trendline as shown and wait for the price to break it before we make an entry. [IMG]http://www.forexrobottradinginfo.org/go/swingtrade32.png[/IMG] Price finds support at 1.50075 on 29th May. Just after one candle, the minor trendline is broken and we make an entry at 1.50400. The stop loss is at 1.50000. So our risk for this long trade is only 40 pips. That’s it. It seems that we have identified the trade setup correctly! The price moves up away from the stop loss. Since the Stochastic is in a oversold region on the daily timeframe, we can expect the market to move by around 500 pips before it turns around. We will continue in the trade as long as the EMA10 (Red) stays above EMA34 (yellow) on H4 timeframe. EMA10 (Red) crosses above EMA(34) and stays above it. Take a look at the following screenshot! [IMG]http://www.forexrobottradinginfo.org/go/swingtrade34.png[/IMG] Just above the red arrow, price tried to retrace but could only touch EMA34 (Yellow) before it starting climbing up again. We move the stop loss to 1.51300 on the first position and open the second position at 1.51800. On the first position we now have a guaranteed profit of 90 pips while the risk on the second position is 50 pips. We continue in the trade as said above as long as the EMA10 (Red) is above EMA34 (Yellow). Take a look at the following screenshot! [IMG]http://www.forexrobottradinginfo.org/go/swingtrade35.png[/IMG] A bearish divergence is appearing. Price finally found resistance at 1.57509 on 19th June. We close both the positions at 1.57400 with a profit of 700 pips on the first position and a profit of 560 pips on the second position. We made a net profit is 1260 pips in 21 days. [B][URL="http://www.forexsystemblog.org/290/how-to-make-100-pips-with-a-small-drawdown-of-3-5-pips/"]Watch this 22 minute video FREE that shows how to make 100+ pips with a small stop loss of 3-5 pips using power levels[/URL][/B]! [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…