Forex 15 minute trading system (You Can Do This !!!)
A 15-minute system, to look into and backtest for yourself, to see if this works. I trade only noted EUR, GBP and JPY pairs from 10 pm to 10 a.m. PST (Note) You could even lessen this 12 hour period, to fit your trading and only for high volume times, which means more price action is fewer times.
I do not trade both 1st, 2nd and 6th periods on the chart, low volume and keeping balance in lifetimes for me. Both Monday and Friday's (low volumes) you can even lessen times of trading periods of 10 pm to 10 am (PST)- to only a few or several hours.*Bracket Monday trading High/Low & 50% see what happens during Tuesday's trading & week.
Rules:
1) Only use 15-minute time charts for the trigger of entry and exits of trades & divide this chart into 6 periods of 4-hour sessions.
2) I personally do not trade Asian session or 1st and 2nd periods from (2 pm to 10 pm) on charts and ending period 6 period (10 am to 2 pm)- all slow times with low volumes. That is my 12 hours of slow times mostly and doing other things, besides trading Forex times.
3) Follow hourly charts for support and trends and trends (Marco picture). Also, follow daily chart for where price action has been, might go in future.
4) I only trade from 10 pm to 10 am or (3rd, 4th and 5th periods noted on chart). Yes, you do not need to trade 12 hours daily, sometimes a few hours might get your profits for the day, trading is always about leverage, margin and lot size you trade. *Money management is #1 key in trading Forex for a lifetime.
5) Always use stop loss and have an exit strategy. This noted trade could have netted a 50 plus pip profit. I look for a profit of 1:2 minimum up to 1:4 daily.
6) You need to find the best cross or major forex pairs to trade and times that fit your job, life and family.
7) This is just a random day or 5/1/2019 (Wednesday) chart if you set up trades right you can let your profits run and find best forex major or cross pairs to trade and that is trending, sideways price action is not profitable in this trading (unless you are looking for quick profit or scalping). Look at consultation areas and breakouts, look at bracketing (4 pm to 9 pm EST/New York) and breakouts. Look at daily high or lows from 11 pm to 2 am PST times/80% of times).
*Understand when Big Banks are trading and go with them, not against them when trading. Wishing you best and take profits and don't be greedy.
I do not trade both 1st, 2nd and 6th periods on the chart, low volume and keeping balance in lifetimes for me. Both Monday and Friday's (low volumes) you can even lessen times of trading periods of 10 pm to 10 am (PST)- to only a few or several hours.*Bracket Monday trading High/Low & 50% see what happens during Tuesday's trading & week.
Rules:
1) Only use 15-minute time charts for the trigger of entry and exits of trades & divide this chart into 6 periods of 4-hour sessions.
2) I personally do not trade Asian session or 1st and 2nd periods from (2 pm to 10 pm) on charts and ending period 6 period (10 am to 2 pm)- all slow times with low volumes. That is my 12 hours of slow times mostly and doing other things, besides trading Forex times.
3) Follow hourly charts for support and trends and trends (Marco picture). Also, follow daily chart for where price action has been, might go in future.
4) I only trade from 10 pm to 10 am or (3rd, 4th and 5th periods noted on chart). Yes, you do not need to trade 12 hours daily, sometimes a few hours might get your profits for the day, trading is always about leverage, margin and lot size you trade. *Money management is #1 key in trading Forex for a lifetime.
5) Always use stop loss and have an exit strategy. This noted trade could have netted a 50 plus pip profit. I look for a profit of 1:2 minimum up to 1:4 daily.
6) You need to find the best cross or major forex pairs to trade and times that fit your job, life and family.
7) This is just a random day or 5/1/2019 (Wednesday) chart if you set up trades right you can let your profits run and find best forex major or cross pairs to trade and that is trending, sideways price action is not profitable in this trading (unless you are looking for quick profit or scalping). Look at consultation areas and breakouts, look at bracketing (4 pm to 9 pm EST/New York) and breakouts. Look at daily high or lows from 11 pm to 2 am PST times/80% of times).
*Understand when Big Banks are trading and go with them, not against them when trading. Wishing you best and take profits and don't be greedy.