On June - 28 - 20092 COMMENTS
[caption id="attachment_4" align="alignleft" width="124" caption="fx forex breakout"][/caption]
The forex breakout strategy is one of the most reliable and most common strategies that successful forex traders use. Especially in the current 2011-12 market with high volatility, breakout strategies have prevailed as being some of the most reliable.
However, there is more than one way to trade a breakout, of course. Some traders will enter a trade on a breakout and then hold the trade ...More
Here is a full update on my trading results over the past 4 weeks.
Opinions and recommendations can be questionable.
But the numbers don't lie.
It is interesting to see the results of the current week (Week of June 18, 2009) because anyone who was trading this week knows the market was really whacky. The currencies weren't moving in their usual ways. Even so, my preferred strategies performed for a potential 300 pips this week.
These ...
Here is a brief explanation of one of my top 3 favorite forex trading strategies. I call it the "4 hour Sterling Strategy".
This is what you do:
1. Open up a basic 1 Hour bar chart for the GBP/USD.
2. Monitor the GBP/USD and watch for at least 4 consecutive hours of very tight consolidation. You don't have to be by the computer the whole time. You are looking for 4 consecutive hours of tight ...
Here is a simple Forex strategy explained by Cory A. Mitchell. Cory is a trader in Canada. He is a Charted Market Technician and a member of the Market Technicians Association as well as the Canadian Society of Technical Analysts. He is a regular contributor to Investopedia and has several articles published in Stocks and Commodities magazine. I like how Cory communicates trading strategies in "keep it simple" terms and explanations. Technical analysis ...
The Breakout Strategy is one of the most commonly used by professional and successful traders. Even though it is used by professionals, it is really simple to implement using regularly updated technical charts which are readily available online.
Breakouts in the forex market occur anytime that a price breaks above or below a resistance or support point. These points are determined by technical analysis and anyone can find what the technical points ...
Even a relatively new and inexperienced trader can easily gain 10 or more pips a day on average -- by observing and taking advantage of a common market behavioral pattern during the daily New York Close, or from 2 p.m to 4 p.m. Eastern time (New York time).
Once a trader has observed the forex market for a length of time, he or she will recognize that the Market does have ...
Forex scalping is a Forex strategy in which the trader intends to take profits quickly on very small pip movements. Usually the trade is entered and closed quickly, within minutes.
Forex scalpers make profits on quick 5 to 15 pip movements. After awhile, profits claimed on these small movements will add up.
The name "Forex Scalping" makes the stategy sound like it is risky. But the scalping method can be low risk when ...