A Journey to Master Forex Trading (FX Trader from Singapore)

Sunday, December 7, 2008

Forex trading strategy #26 (Arsalan's ADX+EMAs cross system)

Forex trading strategy #26 (Arsalan's ADX+EMAs cross system)

Hello everyone my name is Arsalan and before i proceed i want to thank Edward Revy and all the other people who have shared their amazing trading systems over here.
I have learnt many trading systems at this website which i use in my trading and they work very well for me. I have been using a strategy which gives me consistent profit so i would like to share that strategy with everyone over here. The strategy is as follows:

Time frame: Daily.

Indicators: 3 DAYS EXPONENTIAL MOVING AVERAGE.
10 DAYS EXPONENTIAL MOVING AVERAGE.
ADX (14)WITH +DI AND -DI.

BUY SETUP : +DI MUST BE ABOVE -DI .
BUY WHEN 3 DAYS EMA CROSSES 10 DAYS EMA FROM DOWNSIDE TO UPSIDE.

SELL SETUP: -DI MUST BE ABOVE +DI
SELL WHEN 3 DAYS EMA CROSSES 10 DAYS EMA FROM UPSIDE TO DOWNSIDE.

Forex trading system ADX + EMA

I use this strategy for trading stocks but i hope it will work for forex also because the systems mentioned here for forex trading works well for stock trading that's why i thought my system will work for forex as well. Please paper trade this strategy before you trade with real money.

Once again i want to thank you and please pardon me if i have made any mistake in this article.


Forex trading strategy #25 (H4 Bollinger Band Breakouts)

Forex trading strategy #25 (H4 Bollinger Band Breakouts)

H4 Bollinger Band Breakouts

by Rpchost.com

Open the 4 hour chart and choose whatever currency you want.

Insert the Bollinger Band (20) indicator and be sure that its center line is appearing.

Identify 2 valid lower points OR 2 valid higher points in the Bollinger Band and drop a line from the first to the second line; it will be our break line.

Now when a candle closes above the break line issued from the higher points and in case the center line of the Bollinger band in the 1 hour chart crosses the break line then we have a LONG Trade.

If the candle in the 4 hours chart closes under the break line issued from the 2 lows points and in same time the center line of the Bollinger band crosses the break line in the 1 hour chart, then we are in a SHORT trade.

http://rpchost.com/

Forex trading strategy #24 (GBP/USD breakouts)

Forex trading strategy #24 (GBP/USD breakouts)

Credits to James Ayetemimowa - our valued contributor!

GBP/USD

when it is 1 hour to london open, draw lines on the highest high since midnite and lowest low since midnite, just trade the breakout and let ur stop loss be at the high of the candle that broke the low line for short trade and the low of the candle that broke the upper line for long trade

if u experience a breakout before New York Open, please target the first 30pips

f beyond New York Open before a break please target between 10 to 20 pips

Find other strategies by James at:
http://forex-strategies-revealed.com/4-candles-strategy

Happy Trading!!!

James Ayetemimowa
femjam78@yahoo.com

http://forex-strategies-revealed.com/

Forex trading strategy #22 (H4 Bollinger Band Strategy)

Forex trading strategy #22 (H4 Bollinger Band Strategy)

Current strategy was submitted by Joe Chalhoub.
Thanks Joe, and happy trading to everyone!

H4 Bollinger Band Strategy

Tools : Bollinger Bands(20)
TimeFrame : H4
Currency : ALL

This strategy is extremely simple and I use it to detect opportunities and it is very good.

If you open an H4 EUR/JPY chart and you insert the Bollinger Bands(20) indicator, if you observe the chart you will see that the bands are simply a Resistance and Support. The Upper band is a Resistance and the Lower Band is a Support. If you pay attention to the chart you will see that most of time the price hit the upper band then it retraces back to Lower Band, so how I trade is very easy, I wait till the price touches let’s say the upper band and closes under it (not above it) and wait till the candle is formed, when it finishes and the next candle opens under the previous Upper band then I enter a Short trade with target = 100 pips or until it touches the Lower Band. Same thing when it touches the Lower band and the candle closes above it, and the next candle opens above the previous Lower Band then I go Long with Target = Upper band or 100 pips. You can develop this strategy as I did, and you can profit a lot, I made more than 800 pips this month.

You can check my website for any further help http://rpchost.com . If you think in this technique and observe the chart I am sure you will develop this strategy quickly and make 99% winning trades.


H4 Bollinger Band Strategy (Part II)

Tools : Bollinger Band(20)
TimeFrame : H4
Currency : ANY

This strategy is a continuation of the previous strategy I submitted before (Forex trading strategy #22 ).

This strategy is very simple, and you can find more details at Rpchost.com forex forum.

First open a currency (per example EUR/USD) and H4 timeframe, issue suitable breaklines from the bollinger band (visual examples are at rpchost.com forex forum), now wait till a candle breaks the breakLine. This break is not a trade signal we must have an extra confirmation, here come the role of the bollinger band.

look at the bollinger band upper and lower, if they are both opened which means upper band is UP and lower band is DOWN, then it is a confimation of a trade.

Good Luck.

Joe Chalhoub

Profile : http://www.rpchost.com/profile.aspx
free forex signal : http://www.rpchost.com/freeforexsignal.aspx
Economic Calendar : http://www.rpchost.com/economic-calendar.aspx
forex forum : http://rpchost.gooboards.com/

Forex trading strategy #21 (Egudu EMA+ADX Strategy)

Forex trading strategy #21 (Egudu EMA+ADX Strategy)

The following Forex strategy was submitted by Egudu - our valued contributor. Thank you once again and let the market be always on your side!

Hi, this is Egudu, and i have this simple but efficient strategy and i hope you enjoy using it.

Currency: any
Time frame: 1hr
Indicators: 5EMA(close), 6EMA(open), [ADX(14) at 20mark]

Rule: Enter a long position when the 5EMA crosses the 6EMA up and the width difference between them is a pip and the ADX must be over it's 20mark.

Forex trading system

For those conservative traders, you could add 55EMA and 89EMA to know the trend and only enter a position according to the trend,that's enter long when the 55EMA is over the 89EMA and all other parameters are in place as i have stated above.

Additional Forex systems by Egudu can be found at:
http://forex-strategies-revealed.com/egudu-4-tools-trading
http://forex-strategies-revealed.com/trading-macd-consolidation

Forex trading strategy #20 (Trading MACD consolidation)

Forex trading strategy #20 (Trading MACD consolidation)

Current Forex strategy was submitted by Egudu - our valued contributor.

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I am egudu, and here's another strategy.

It's trading the MACD consolidation.
Time frame: 1hr
currency: any
indicator: MACD(12,26,9)

MACD consolidation

Entry: place a buy stop and a sell stop 5pips during the MACD consolidation with a stop loss of 10pips from entry and a profit target of 30-50pips.

Please note that, the MACD must be very close, in fact it should almost become a straight line only then should you enter the positions. l hope to give a picture shot of it soon, but u can check the chart of GBP on the 7th, 10th, 14th of Dec 2007 on the hourly chart.

Forex trading strategy #19 (Egudu simple 4 tools trading)

Forex trading strategy #19 (Egudu simple 4 tools trading)

his Forex strategy was submitted by Egudu.

ok guys, here the strategy:

any currency
1hr,
7EMA(blue)
21EMA(red)
ADX(14)
MACD(12,26,9)

EMA, ADX, MACD trading

enter long once the 7EMA crosses 21EMA up and the ADX has passed it's 25 or 20mark and the MACD is trending up.the other way round is for short position. Note only enter a position once the ADX has passed it's 25mark.

Exit: exit any position once the 7EMA crosses the 21EMA. Also, the MACD should be looked at before entering a trade, when it's consolidating, you should stay away from the trade.

l am egudu.

Egudu,
Thank you from all our users and web team! Your contribution is greatly appreciated!

Edward Revy
http://forex-strategies-revealed.com/