Long trades filter :Low of ma5 on daily time frames will be above ma5 for longs and high of candle will be is below ma5 for shorts. MA 10 can also be used.
hourly charts
1 hr time frame :move to higher time frame daily or weekly
1 Trades or 2 good trades a week is enough
check dollar index before placing trades.Look for rejections from higher before selling.
Trade in direction of weekly , daily and monthly charts/trend lines .It will give you less false signals, so all trades on euro would be short.
stop loss 100 pips , take profit 300 pips
I give you this pipmaster indicator , use it on hourly charts, if price below all mas only trade shorts.
if price above all mas trade longs
input int LWMA1=20;
input int LWMA2=30;
input int LWMA3=100;
input int LWMA4=200;
input int LWMA5=1000;
Search on google for "trend retracement strategy" , use trend retracement on daily weekly and monthly charts.
Get an EA done.
Trade with interest rates expectations
Only pairs suitable for making money are gbp/usd and eur/usd , usd jpy is very choppy.
DON'T TRADE NEWS, DON'T GAMBLE, TRADE LIKE A PROFESSIONAL CURRENCY TRADER.
The following information was available on november 20, 2017
Professionals trade forex when there are expected rises or falls in interest rates, as a result of expected rises in interest rates, Eur/usd and gbp/usd have fallen in 2018.They set a target of 1.10 for eur usd, I don't know if this will make the target.
Goldman Sachs Predicts That the Fed Will Hike Interest Rates Four Times in 2018
Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.
If you had listened to the big boys like Goldman Sachs and interest rates expectations, search for it google, for U S is expected to raise interest rates 4 times this year, and gone short on the weekly time frames on Eurusd and GBP/USD , you would have made over 2,000 pips on both of them. This expected raise in interest rates caused the dollar to get stronger, "interest rates expectations and how they drive dollar on weekly and monthly basis".This is not something new to fx trading, it has been going on since the 1970s, as far as I know. Interest rates expectations and economies change over months and years.This is how big currency traders trade.It worked 50 years ago and it worked in 2018.This is why dollar got stronger.The market does the same thing , over and over again.
hourly charts
1 hr time frame :move to higher time frame daily or weekly
1 Trades or 2 good trades a week is enough
check dollar index before placing trades.Look for rejections from higher before selling.
Trade in direction of weekly , daily and monthly charts/trend lines .It will give you less false signals, so all trades on euro would be short.
stop loss 100 pips , take profit 300 pips
I give you this pipmaster indicator , use it on hourly charts, if price below all mas only trade shorts.
if price above all mas trade longs
input int LWMA1=20;
input int LWMA2=30;
input int LWMA3=100;
input int LWMA4=200;
input int LWMA5=1000;
Search on google for "trend retracement strategy" , use trend retracement on daily weekly and monthly charts.
Get an EA done.
Trade with interest rates expectations
Only pairs suitable for making money are gbp/usd and eur/usd , usd jpy is very choppy.
DON'T TRADE NEWS, DON'T GAMBLE, TRADE LIKE A PROFESSIONAL CURRENCY TRADER.
The following information was available on november 20, 2017
Professionals trade forex when there are expected rises or falls in interest rates, as a result of expected rises in interest rates, Eur/usd and gbp/usd have fallen in 2018.They set a target of 1.10 for eur usd, I don't know if this will make the target.
Goldman Sachs Predicts That the Fed Will Hike Interest Rates Four Times in 2018
Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.
If you had listened to the big boys like Goldman Sachs and interest rates expectations, search for it google, for U S is expected to raise interest rates 4 times this year, and gone short on the weekly time frames on Eurusd and GBP/USD , you would have made over 2,000 pips on both of them. This expected raise in interest rates caused the dollar to get stronger, "interest rates expectations and how they drive dollar on weekly and monthly basis".This is not something new to fx trading, it has been going on since the 1970s, as far as I know. Interest rates expectations and economies change over months and years.This is how big currency traders trade.It worked 50 years ago and it worked in 2018.This is why dollar got stronger.The market does the same thing , over and over again.
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