I am going to reveal a powerful fibonacci trading strategy that I learned many years ago. It combines structure analysis, fibonacci retracement and extension levels and candlestick analysis.
Step 1
Find a trending market - the market that is trading in a bullish or in a bearish trend on a daily time frame.
AUDUSD is trading in a bullish trend on a...
Simple Trading Strategy - Generate your own take profit targets.
Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages...
In the world of forex trading, a solid trading plan is your compass to navigate the markets successfully. It's the blueprint that defines your strategy, risk tolerance, and objectives. In this comprehensive guide, we'll delve into the art of developing a trading plan, providing you with the insights and examples you need to create a roadmap for your trading...
Hey Everyone,
Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions.
Now a question that typically arises...
Introduction
In the dynamic realm of forex trading, where market movements can be as unpredictable as they are enticing, traders often seek innovative strategies to capitalize on volatility. One such strategy that has garnered attention for its ability to thrive in uncertain market conditions is the Straddle Forex Strategy. This article delves into the...
Before executing a trade it's very IMPORTANT that you know the exact amount of money you're risking on that trade so that you don't end up taking a very big risk. Suffering losses is NORMAL in forex trading and the only way to make sure that you do not get psychologically affected by your trades or to ensure you don't blow your account is by applying proper risk...
This strategy will require you to be able to distinguish between the impulsive move and the retracement since we only apply the fib retracement tool to the impulsive move.
What you do is just lay your fib from the body to the body (not the wicks) then identify the 50% retracement level.
Now if you're an aggressive trader you can set a pending order or just...
So let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish...
Watch Part 1 before watching this video.
Simple and efficient trading strategy for beginner/ or advance traders if you like. All information is provided in the video. Thanks
Simple and efficient trading strategy for beginner/ or advance traders if you like. All information is provided in the video. Stay tuned or watch upcoming part 2 of 2 next. Thanks
Hello Traders,
In today's lecture I'm explaining how to use Moving Averages effectively on smaller (1hour) time-frames. Moving Averages can be applied to all assets including Forex, Stocks, Crytpos, etc..
Please note that Moving Averages are a lagging indicator which means they print on screen after price action has moved. They by no means are a leading...
Hello Traders,
In today's lecture I'll introduce you to several position management strategies that the pros use on a daily basis for Intra-day trading. This technique can be applied for all assets including stocks, cryptos, etc..
If anyone has any questions, feel free to drop me a comment in the comment section below.
Enjoy!
Trade Safe - Trade Well
~Michael Harding
