There won't be trade to place everyday except one will manufacture one and the result is mostly loss. The best time to trade this strategy is from London open to NY close. I usually avoid Asian session and bank holidays

Simple Way To Trade EURUSD & GBPUSD

I place my PO based on the rules and I do not pray it get triggered. The moment I feel like praying for my trades, is the moment that I know I do not follow my rules. We have only two outcomes of any trade: WIN or LOSE and no middle ground. You ...

Simple Way To Trade EURUSD & GBPUSD

Your best entry on EURUSD on 17/05/2024 based on M15 chart is 1.08549 Sell Pending Order Entry - 1.08549 (low of the candle is 1.08569 SL - 1.08697 TP - btw 20 to 30 pips (And you should have move your SL to BE during the trade)

Simple Way To Trade EURUSD & GBPUSD

Even with chart, if you place PO and follow the rules, you will still be in the trade. Every trader must learn and know when to exit trade especially when price action is not show reasonable movement in any clear direction Your SL should be placed ...

Simple Way To Trade EURUSD & GBPUSD

Post a full chart and pair name then I will look into it and I analyze it here. I have been trading the strategy since 2009 and I used to it. You can't strategy or system and even EA anywhere to trade FX without hole and that's where discretion and ...

Simple Way To Trade EURUSD & GBPUSD

Pending order are risky in my opinion. I mean say your order gets triggered while you are sleeping and you place all your targets and sl's its vey likely that your target will get missed by a few pips and your SL will be taken out. have had this ...

Simple Way To Trade EURUSD & GBPUSD

If you follow the rules below by using pending order instead of market order, you won't be in the trade because the PO will not triggered. You are supposed to place your PO at the low of the red candle plus 2pip and wait for the market to come to ...

Simple Way To Trade EURUSD & GBPUSD

Let use yesterday scenario on EURUSD M15 chart as seen in the attached picture. The first movement below the channel on M15 highlighted with circle was not confirmed on H1 because the candles were still above the channel on H1 and RSI value was not ...

Simple Way To Trade EURUSD & GBPUSD

I only trade on Metatrader 4 & 5 and I do not know if it will work well on other trading platform. It work with all brokers that offer Metatrader. I am using it on my accounts with FxPro and HFM and with FX prop firms (FTMO and ACG)

Simple Way To Trade EURUSD & GBPUSD

Yes, it applies to all instrument you can find on Metatrader platform. Successful rate is around 70% especially when you use it on M30 and H1 above but what matter most is how you manage your risk (losing trades)

Simple Way To Trade EURUSD & GBPUSD

Hi Jblanked, You have made it simple for traders to use though I have the coded one I am using but I do not want people to just be chasing arrows and bells instead of learning the strategy. I will share the with Arrow and Sound if I found enough ...

Simple Way To Trade EURUSD & GBPUSD

I understand your concern but the logic behind it is to be able to avoid fake signals to a large extent. Patience is the key in this strategy and few good moves will be missed because of the confirmation of H1 but it will save us of many fake signal ...

Simple Way To Trade EURUSD & GBPUSD

There's no good movement on the EURUSD today. I closed the trade with just 5 pips profit. Tomorrow is another day.

Simple Way To Trade EURUSD & GBPUSD

There's a developing trade on EURSUD M15 but this kind of trade is risky because the trend on H1 is still bullish (price has not move below the channel). I would not place Sell Stop here because the risk is high, I would rather wait for the ...

Simple Way To Trade EURUSD & GBPUSD

Let me know your feedback if it works for you

Simple Way To Trade EURUSD & GBPUSD

Short (Sell): Wait for the candle to move out of the channel to the down side (the two lines) and closed below them. Check if RSI indicator value is below 50. Meaning the red line of RSI must be below the middle level (middle line) If you are ...

Simple Way To Trade EURUSD & GBPUSD

How to simply use this strategy Long (Buy): Wait for the candle to move out of the channel (the two lines) and closed above them. Check if RSI indicator value is above 50. Meaning the red line of RSI must be above the middle level (middle line) If ...

Simple Way To Trade EURUSD & GBPUSD

Indicators on the chart are MA and RSI. Details below:

Simple Way To Trade EURUSD & GBPUSD