Forex Conquered- High Probability Systems and Strategies for Active Traders

 For the most part, day and swing traders use all forms of market analysis to identify opportunities from specific chart patterns that demonstrate frequent reoccurring results. 

They need to trade in active time periods, using trend lines and moving averages, both of which are a form of trend line analysis; these will help in certain market conditions. We will go over a different set of moving averages than what is normally written about; this will help identify conditional changes in the market, thereby giving forex traders a better edge. We will also incorporate and show you how to calculate support and resistance levels from such mathematically based models as pivot point analysis and other means, such as Fibonacci corrections and extensions, to identify opportunities and drive trading decisions.

These are the methods I will be covering in this book to help you form a trading plan based on specific rules and conditions for trading the forex market. 

This trading book should help you learn the methodology of the best and most effective trading techniques to harness and capture consistent results in the forex market. Consider this like market analysis on steroids. This book combined with the compact disc (CD) should help you learn in the most effective fashion. By rereading and continually studying this material, these study tools will help you change the way you trade and leave you with a specific set of rules on when to enter a position; how to identify a trade setup, a trigger, or entry execution order; and how to effectively place a stop and know when to exit a trade without hesitation. Most successful traders live by the adage, Buy low and sell high; really great traders also know when to buy high and sell even higher.

The best traders in the world also take advantage of short selling, which is one aspect that draws so many skilled traders to the forex market; they can sell short at extreme price highs and buy back at lower prices.

Whatever your method is, the results need to be profitable or your career as a trader will be cut short. Whether you are a position trader, a swing trader, or the more popular day trader, the key to profits is to try to capture a portion of a price move in order to generate a positive cash flow (make money). A trader’s search for discovering a method that generates consistency in positive results is the primary goal and should be a continuous learning event. There is one common feature among successful traders, and that is that many of them are prepared before trading and have a formulated game plan.

The techniques in this book can be applied to other markets, but this specifically targets the forex market. I will teach you a trading system so that you develop your own personal program and then follow that plan.

Using these techniques should help you to effectively anticipate a potential resistance or support level that will give you an edge in the market for both entering and exiting positions. Blending the strengths and characteristics of candlestick chart pattern recognition with pivot point analysis is what I have been teaching private investors, professional traders, and other leading educators. Many new methods have been introduced to traders, but the one constant is human emotional behavior. In order to master trading, people need to control their emotions. After all, the markets are simply a reflection of these emotions. Fear of losing money causes market prices to head lower as people sell; and fear of missing an opportunity causes market prices to move up as greedy people buy, trying to catch a free ride. As a forex trader, you are looking at technical analysis to help capture profits from a movement in price. Therefore, it is imperative that you understand how and when a market moves and what signals or patterns give you a clue for a directional price move. There are consistently recurring patterns and these are what I plan to share with you in this book. I will also discuss methodologies on trade management and risk management to help you when an inevitable trading loss occurs.

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Breakthrough Strategies for Predicting Any Market- Charting Elliott Wave, Lucas, Fibonacci, Gann, and Time for Profit, Second Edition

It was indeed a privilege to write the foreword for the first edition of Breakthrough Strategies for Predicting Any Market and now an even greater privilege to update it for Jeff’s new book. As a long‐term subscriber to his free

bi‐weekly Fibonacci Newsletter and his Fibonacci Forecaster updates on stocks,

commodities, and foreign exchange. I believe these are compelling viewing

for his wonderful display of charts and commentary in a format extremely

beneficial for traders and investors.

I can say now I have been a practicing Technical Analyst since 1964 and

in that time have experienced three major stock market crashes. There are

always lessons to be learned and one has to be a step ahead of the crowd. It

is much better to be able to use foresight rather than hindsight, which most

economists are not able to do. I therefore feel well qualified to pass judgment on Jeff’s latest book.

As a complete novice in 1960 making my first stock market investments

when the broker said the market was high, I was soon to find out that I had

been buying at the top of a nine‐year bull cycle.

In the wake of the 1961 credit squeeze in Australia, the stocks came tumbling down. I realized I had to find out more about markets so I enrolled

in the pilot course of the Sydney Stock Exchange at Mosman Evening college only to learn after several years that P/E ratios, earnings, and dividend

yields were meaningless if you didn’t get the timing right. Our group threw

in five shillings each to a subscription to TRENDEX, a technical newsletter

and studied Technical Analysis of Stock Trends by Edwards and Magee, which

laid my foundations for the exciting career path I have enjoyed since 1964. I

was the first Technical Analyst to be employed by an Australian stockbroker and the course was set to later move into commodities for the gold top in

1980 and later foreign exchange for the Australian Dollar.

I believe my hands‐on experience, including the three major stock market crashes, enables me to pass a sound judgment on the real value of Jeff’s

methodology and his amazing contribution to Technical Analysis. I gave the

first lectures for the Securities Institute course at the Sydney Stock Exchange

and over the decades have contributed regular articles in newspapers, newsletters, and futures magazines. Since 1998 I’ve had a regular bi‐monthly

column in Your Trading Edge.

Foreword ix

Preface xiii

Acknowledgments xix

Chapter 1 Underlying Structure of Markets 1

Chapter 2 Elliott Waves 25

Chapter 3 Rotation 45

Chapter 4 Candlesticks 67

Chapter 5 Divergences 87

Chapter 6 Volume Studies and Moving Averages 115

Chapter 7 Fibonacci Price Projections 137

Chapter 8 Advanced Projection Techniques 159

Chapter 9 Forex 201

Chapter 10 Squaring of Price and Time 215

Chapter 11 Andrews Pitchforks Crash Course 235

Chapter 12 Square of 9 247

Chapter 13 Psychology 269

Chapter 14 Market Psychology/Sentiment 307

Chapter 15 Building the Bridge 333

Chapter 16 Conclusion 375

Bibliography 389

Author’s Disclaimer 391

About the Author 393

Index 395

Underlying Structure of Markets

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Secure trading system hedging strategy

The forex trading technique below is just ... amazing. If you can look at a chart and identify when the market is trending, you can make a package using the technique below. If you had to choose a unique trading technique in the world, this would be the one! Be sure to use proper positioning and money management with this and you will find nothing but success! Read..pdf Coverage strategy, attached file.

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In the picture Hedge Strategy Surefire forex system in action.

FOREX STRATEGY Keltner channels scalping

Profitable trading system in the forex market, you can download it free here.

This kelther channels strategy was tested in the XM broker and in DERIV with a good weekly and monthly result, if all your requirements are met.

In this blog you will find trading tools such as strategies, robot, course, tips and more.

This is the Keltner channel based currency scalping trading system.

Pairs: older

Time frame: 5M. Onwards

Maximum spread: 0.00015.

Price: Bar graph.

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indicators :

Keltner channels period 40;

EMA period 8;

 

Long entry position: when EMA is greater than market action> = upBand;

Short entry position: when EMA is less than market action <= dnBand;

Profit Outflow: c loses for profit at 5-12 pips.

Stop loss: in middle band or loss of 9 pips.

In the image below, an example of the Keltner Channel indicator and EMA scalping forex scalping in action.

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The 3 EMA Forex Trading Strategy

The 3 EMAS currency trading strategy is a very simple trend currency trading strategy that is based on 3 exponential moving averages (EMA).

Now, because this forex trading strategy involves 3 EMAS, it can be quite difficult to understand at the beginning (if you are a beginner currency trader), therefore, I suggest you read not only once, but 2- 3 times to fully understand and then consult the table below.

Let us begin.

Time frame: Any (but the suggestion to use frames of 15 minutes and more)

Currency pair: any

Indicators: 10 ema, 25 ema and 50 ema.

THE 3 RULES OF THE EMA FOREX NEGOTIATION STRATEGY:

To buy:

1. Place a pending purchase suspension order 2-5 pips above the maximum of the candle that has a lower maximum than the previous candle after the 10 EMA crosses the 50 EMA upward.

2. If the next candlestick breaks the maximum of the previous candlestick, this pending purchase stop order will be activated. But if not, keep moving the pending pending purchase order pending above each new lower tall candle that is formed until the high is broken and the trade is activated.

3. Place your stop loss 2-5 pips below the minimum of the candle that has its maximum broken which then activated your purchase stop order. However, if there is a low point of close oscillation (support level), then it is better to use it also and place the loss stop a few pips outside the support level.

For the sale of

Place a sales stop order 2-5 pips below the minimum of the candle that has a higher minimum than the previous candle after the 10 EMA crosses the 50 EMA down.

If the next candlestick breaks the minimum of the previous candlestick, this pending sales suspension order will be activated. But if not, keep moving the pending sales suspension order below each new highest minimum that is formed until the minimum of the previous candlestick is broken and the trade is activated.

Place your stop loss 2-5 up below the maximum of the candle that has its maximum broken which then activated your stop order. However, if there is a high point of near oscillation (resistance level), then it is better to use it too and place the stop a few pips outside that level.

Here is a table that explains how to take the trade:

TAKE PROFITS

You can use the previous low swing levels as a profit target for a sales transaction

For the buying trade, use the previous high swing levels for your profit objective.

Or, another option is not to have a profit objective, but to use a trailing stop to place behind each lower swing (for a retail trade) as your trade moves in favor so you can get out of that trend while You can extract the maximum leaves the price swing until you get soaked. For a purchase transaction, do the exact opposite.

COMMERCIAL MANAGEMENT

One of the best forms of trade management is to stop behind the lowest swing highs (for a retail trade) or stop below the highest swing lows.

This allows you to make a profit as the trade moves in favor until your profit objective is reached or, if you do not have a profit objective, you can follow our trend to the point where it stops.

See the chart attached above for more clarity.

ADVANTAGES OF THE FOREX TRADE STRATEGY OF 3EMAS

A very simple forex trading strategy, easy to understand and use.

In markets with a strong trend, there is the possibility of obtaining large profits very quickly.

3 EMA STRATEGY IN ACTION

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trend turned into sideways movement time with an uptrend

Let’s see another example of a trend turned into sideways movement but this time with an uptrend.

This is an uptrend as price is making new highs and new lows. After the third HH price tries to go further up and make a new HH but it fails and comes back down to make a swing high and a swing low contained by the last HL-HH pair. This is a strong indication that a range is about to develop. You will see later on what is the second thing on this chart that screams there will be a trading range. After that, price does manage to go further up past the last HH only to come back down shortly and make another pair of swing high-swing low inside the territory of the last pair of HH-HL. This was a very lengthy period of sideways movement and it would have been very profitable if spotted from its very beginning. Okay, it should be very clear by now how to use price action to see if a pair in

trending or ranging.

Strong Impulsive Move Now that you know how a trending market and a ranging one look like it is time to start from the beginning and see how you can judge if a trading range is likely to develop just by looking at price action. If you look at all the ranging market examples above you will find that they have something in common. The last impulsive move of the trend or the strong move in line with the trend, before sideways movement starts to develop is very big and almost vertical, with no relevant corrections.

Whenever there is a trend is place and you are trading with it based on your trend following system, if you see such a big impulsive move it is time to stop what you are doing to and prepare yourself for a trading range. 

This is the first clue price action is giving you that the trend is about to end and the pair is preparing for sideways trading.

 Of course, this is not 100% accurate but in the majority of situations, when you see a strong directional move with no corrections like this one, it is very likely that the pair will start to trade sideways. This is the time to disregard your”trade with the trend” trade setups and prepare for range trading. As a general rule, this strong and steep move should be at least two times bigger than the last correction move of the trend. You can use the Fibonacci retracements tool to judge this.

The last correction move that precedes the big impulsive move up is the small red line pointing against the uptrend. You can see by plotting the

Fibonacci retracement levels from the start to the end of the impulsive move, that it is more than twice the size of the correction move. If the 50% retracement level was situated right where the correction begun at the second HH of the trend, then the impulsive move would have been

exactly double the size compared to the correctional move. Let’s see one more example.

The logic behind this is the following. In these two examples the trend is up so the buyers are stronger than the sellers, they are in total control and they start from the bottom to push the price up. The corrections mean that these buyers are closing some of their orders and taking

profits out of the market. When the correction unfolds and the price comes back down at an advantageous price they buy again and push the price higher. When they push the price up that fast and with no corrections it means that nearly all the people who wanted to buy that pair have done so and pretty soon there will be no one left to buy. At the same time, the huge amount of traders who went long will have to start to close their orders and take profits out of the market. 

That is the time when the impulsive move finally ends and the sideways movement begins. The buyers have pushed the price too high and too fast and they are exhausted, they will be taking profits for some time, they will not be pushing the price further up anytime soon. On top of this, if you look at the way trends behave you will see that if there is a small impulsive move, the following correction will match that move. If the impulsive move is huge like in the above chart, you should always expect the correction move or trading range to be sizeable in length and in time. The bottom line is, when a strong and steep impulsive move without noticeable corrections takes place, you should always prepare yourself for range trading. This is not a mandatory condition for a trading range to take place, there will be from time to time trading ranges without huge impulsive moves preceding them, but I have found that in about 90% of situations they form after moves like this.

Swing High-Swing Low Rule

If the big impulsive move preceding the range helps a lot but it is not a necessary condition this one is the number one rule when it comes to identifying a range and it is mandatory. This refers to what we talked about earlier when discussing the technical differences between trending and ranging markets. After the strong impulsive move, you have to see price making a swing high and a swing low that are confined in the recent price action territory. Let me illustrate this.

The trend is down. After making that last LL, price stays above it for a while and makes a first swing high and a first swing low without going higher than the last LH or lower than the last LL. This is a very clear indication that the trend has stopped or paused and a trading range is very likely to develop. As long as the price stays confided in that red rectangle this pair is moving sideways and you should look to trade a range if one forms. Let’s see another example.

The same thing happens here. The trend changes from downtrend to an uptrend after which price makes a swing low first and a swing high after it, both of them inside the recent price action territory. This is how trading ranges start and this rule of the swing high and swing low must always be respected. Please note that the swing high and the swing low must be relevant for price action on the timeframe you are in. Make sure that they are of roughly the same size or degree as highs and lows of the surrounding price action. This is the same situation like the one you have when labeling the trend’s highs and lows. Let me illustrate this.

1.-Forex Range Trading With Price Action

Forex Range Trading With Price Action

It is well known and generally accepted that in about 80% of the time, the financial markets are moving sideways. If you are a day trader then you will probably not agree, but if you take the time and zoom out to a high enough time frame you will find out that this is actually true. The financial markets just do not have it in their nature to make a new historic high or a new historic low too often. Most of the time they move up and down repeatedly, without going higher past the historic high or lower past the historic low. This is a range bound market.

1.-Spot a Trading Range Early with Price Action

First of all, in order to be able to do this you must first have knowledge

from a technical point of view of how to differentiate between a trending

market and a ranging one.

Trending versus Ranging Market If you look at any forex pair on any timeframe you will see that when price moves strong in one direction it makes strong impulsive moves followed by smaller correctional moves that are pointing against the direction of where the pair is clearly going. That is a trending market with a clear direction and determination of the pair to go up or down. Let’s see an example of such a trend.

As you can see, in a trending market, in this case we have a down trending pair, the trend has a clear down direction but after those impulsive moves down, it stops to take a breath and correct itself. This

generates smaller counter trend moves. After the correction phase, the trend down resumes and goes further down. This type of price movement generates swing highs and swing lows in the market. The points in the diagram above marked as LH are the lower highs or swing highs of the trend and the points marked as LL are the lower lows or swing lows of the trend. An impulsive move in the direction of the main trend is every strong move down in this chart that starts at a LH and ends at a LL. A correction move is every small counter trend move in the chart above that

starts at every LL and finishes at every LH. Let’s see the same trend again to illustrate this.

An important thing to always consider when judging a trend and trying to correctly label its highs and lows is the degree of the moves. Please notice in the example above that I have only labeled as LH and LL the price moves of roughly the same size or amplitude or degree.

 Those smaller moves inside the bigger moves are not relevant to our main trend. Let me illustrate this.

In the same downtrend you can see there two small correction moves that do not qualify to be taken into consideration. 

They could be relevant for a downtrend on a smaller time frame, but for this 4 hours time frame

trend they do not matter because they are of an inferior degree. There is however one exception to this rule. Small waves like the one above should be taken into consideration when labeling the trend only if the impulsive move that follows that wave is huge in length and very sharp or steep. Please look at the chart below.

Please note that all three small waves in this chart are of the same degree or size. 

The difference between the first two and the last one is made by what price does after them. In the case of the first two small waves circled in orange price behaves rather normally after making them

in the sense that the impulsive moves that follow are small themselves and match their preceding waves. 

These two are not to be taken into consideration when deciding on how to label the trend. 

The third small wave circled in red is different because of the huge and very sharp move down that follows. 

That move validates the small wave and gives it importance. As a consequence, this small wave is relevant to the main trend and should be labeled as a new pair of lower high and lower low in the downtrend above. As guidance, you should label the waves of an inferior degree like the one in the above chart if the impulsive move that follows after it is at least 4-5 times greater in length than the wave itself.

You can see if that is the case just by looking at the chart, you do not have to measure exactly the number of pips. This is the only exception that you should make with small waves when labeling your trend.

An up trending market looks the same way, the only difference being that the trend is up and, as a consequence, the big impulsive moves within the trend are pointing upwards and the correctional small moves are pointing downwards against the trend. Let me illustrate this.

In this example you can see an uptrend. Price is moving up alternating impulsive moves in the same direction as the trend with correction moves against the direction of the uptrend. The price moves marked with green lines are the impulsive moves and the red ones are the correction moves.

The small move circled with red is of an inferior degree and it should not be labeled as a HH-HL pair because it is too small when compared to the other ones to mean something for this big 4 hours time frame trend. 

This is a trending market from a very technical point of view.

 The trends move in waves creating highs and lows in the market. You should always label your trend’s highs and lows as this will become important when judging if a trading range is starting to develop.

Also from a technical point of view, a ranging market is one that is not behaving like in the examples above. A sideways market in characterized by the fact that price is not making new highs and lows anymore, instead it begins to make swing highs and swing lows inside the territory of the last impulsive move. Let me illustrate this.

In this example there is a clear downtrend. Price makes a wave that we label as a pair of lower high and lower low. After that second impulsive move down price fails to go below and make another pair of LH-LL. It is starting to move sideways and makes swing highs that stay below the last LH and swing lows that stay above the lowest point of the trend. This is a pair that has entered in sideways movement. Until price goes up past the last lower high or it goes down past the lowest point of the downtrend this pair will remain in sideways price activity and should be treated accordingly. Let me illustrate this clearly.

In conclusion, this is the difference technically speaking between a

trending market and a sideways market. When trending, the market

makes new highs and lows all the time, when in sideways mode, the

trend pauses and the market makes highs and lows inside the territory of

the last high and low. When you see this kind of price behavior you

should be extra careful about the trading setups your trend following

system offers you.

2.- trend turned into sideways movement  time with an uptrend.

17 Proven Currency Trading Strategies

 Six years ago, I was with a friend in a local coffee shop when he suddenly fl ipped open his laptop to reveal a screen full of charts. Through the charts and jumping numbers on the screen, I asked him, “What ’s this?” 

 He coolly replied, “Forex trading.” 

T hinking it was some hobby he recently picked up, I asked again, “Real cash?” 

 “Yes.” He nodded smugly. “Real cash.” 

T hat began to draw me in, slowly but surely. Looking back, it wasn’ t the fact that forex was the biggest fi nancial market in the world that drew me in. What drew me in was the fact that all you needed was an Internet connection and a laptop to make money from this market anywhere in the world. 

My fi rst trade was on the GBP/USD. It was on an uptrend, and the price had reached a new high. This is it, I thought, rubbing my hands gleefully. I ’m going to be a millionaire by next Friday. Seeing that the price had reached a new high, I was convinced that gravity would pull it right down.

F ascinated, I started to ask my trader friend some questions. When he shared with me the story of how George Soros broke the Bank of England on September 16, 1992, and made $1 billion in a day, I was hooked. 

I ’ m the kind of guy who only needs one live example of someone who has done something to convince me that I can do it too. Excited about this new discovery called forex trading, I went off and started to do my own reading on free websites. 

 Soon I started my fi rst account with USD3,000. 

I  clicked “sell.” That poignant moment was the start of my painful lesson. After I clicked “sell,” the price continued to creep up. That’ s not supposed to happen, I thought. 

 As prices continued climbing, I decided to hit the sell button again, only this time with double the lot size (and double the intensity) as my fi rst trade. I reasoned that if I clicked twice the number of lots, all that needed to happen was for prices to fall a little before I could see some nice profi ts. 

 After the second “sell” click, I couldn ’t believe my eyes. The price went up further. My hands started to get sweaty. My head started to shine from the beads of sweat that started to trickle down from my bald head. Murphy’ s Law was in full motion. In desperation, I actually grabbed the laptop and turned it upside down to paint me a picture of falling prices. My ego was badly hurt. 

 “It ’s got to come down,” I muttered to myself. At that point, I clicked “sell” for a third time, with double the lot size of the second trade. 

T he numbers on my laptop screen at the time weren’ t very far from the numbers my friend had shown me. The only difference was that mine had a stubborn negative sign preceding them that just wouldn ’t go away. A couple of days after my third dreaded click, the broker closed off all my positions. 

I was hit with the dreaded margin call. 

 In a grand total of just six days, I had lost my entire account. 

W henever I share my story in my forex seminars, I replicate the scenario and draw an uptrend on the whiteboard. 

“ Would you click ‘buy’ or ‘ sell’ over here?” I always ask, as I circle the highest point reached by the price. At every single seminar, most people choose to sell, confi dent that high prices will fall. 

I t’ s almost a consolation to know that we human beings are wired in much the same way. Needless to say, after I blew up my account, I was devastated. 

Contents

CHAPTER 1 How to Play the Game 

  The Forex Game 

  Forex and the Seven Majors 

  Leverage 

  Summary 

CHAPTER 2 How Money Is Made in the Game 

  Buy Low, Sell High 

  Three Points in Every Trade 

  Bid/Ask Spread 

  W hat Causes the Price of Currencies 

 to Fluctuate? 

  Fraction Theory 

  Reading the Charts 

  Market Structure 

  Summary 

CHAPTER 3 The Six Major Players 

  Central Banks 

  Commercial and Investment Banks 

  Multinational Corporations  Institutional Traders 

  Retail Forex Brokers 

  Retail Traders 

  Summary 

CHAPTER 4 Why You Must Play the Game 

  Top 17 Reasons to Trade Forex 

  Summary 

CHAPTER 5  Play It Your Way: Understanding 

Your Profile 

  The Experiment 

  Five Categories of Forex Traders 

  Your Perfect Strategy 

  Summary 

PART TWO Strategies to Win the Game 

  Includes details on the FXPRIMUS 

  100% bonus trading credit

CHAPTER 6 Strategies for Scalpers

  Strategy 1: Rapid-Fire Strategy

  Strategy 2: Piranha Strategy

CHAPTER 7 Strategies for Day Traders

  Strategy 3: Fade the Break

  Strategy 4: Trade the Break

  Trading the News 138

  Strategy 5: Gawk the Talk

  Strategy 6: Balk the Talk

Contents ix

CHAPTER 8 Strategies for Swing Traders

  Strategy 7: Trend Rider

  Strategy 8: Trend Bouncer

  Strategy 9: Fifth Element

  Strategy 10: Power Ranger

  Strategy 11: The Pendulum

CHAPTER 9 Strategies for Position Traders

  Strategy 12: Swap and Fly

  Strategy 13: Commodity Correlation (Part 1)

  Strategy 13: Commodity Correlation (Part 2) 

  Strategy 14: Siamese Twins

CHAPTER 10 Strategies for Mechanical Traders 

  Strategy 15: Guppy Burst

  Strategy 16: English Breakfast Tea

  Strategy 17: Good Morning Asia

CHAPTER 11 Conclusion 

Bibliography 

About the Author 

About the Website

  Plus FXPRIMUS 100% bonus trading credit

Index
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Bollinger Bands Strategies

Bollinger Bands Strategies

Bollinger Bands is a technological analysis tool invented by John Bollinger in the 1980s. After evolving from the concept of trading bands, Bollinger Bands can be used to measure the height or fall of the price in relation to operations previous.

Bollinger Bands consist of:

a middle band is a simple moving average (MA) of period N

an upper band in K times a standard deviation of N-period above the middle band (MA + Kσ)

a lower band in K times a standard deviation of N-period below the middle band (MA - Kσ)

Typical values ​​for N and K are 20 and 2, respectively. The default option for the average is a simple moving average, but other types of averages can be used as needed. The exponential moving average is a second common option. ] Generally, the same period is used both for the middle band and for the calculation of the standard deviation.

The purpose of Bollinger Bands is to provide a relative definition of high and low. By definition, prices are high in the upper band and low in the lower band. This definition can help in the rigorous recognition of patterns and is useful for comparing the price action with the action of the indicators to reach systematic business decisions.

   The use of Bollinger Bands varies widely among merchants. Some merchants buy when the price touches the lower Bollinger Band and leave when the price touches the moving average in the center of the bands. Other merchants buy when the price exceeds the upper Bollinger Band or sell when the price falls below the lower Bollinger Band. In addition, the use of Bollinger Bands is not limited to stock traders; Option traders, especially implied volatility traders, often sell options when Bollinger Bands are historically distant or buy options when Bollinger Bands are historically together, in both cases, waiting for volatility to return to the average level of historical volatility of the stock.

When the bands are together, a period of low volatility in the price of the shares is indicated. When they are far apart, a period of high price volatility is indicated. When the bands have only a slight slope and are approximately parallel for a long time, it will be found that the price of an action oscillates between the bands as if it were in a channel.

Merchants often tend to use Bollinger Bands with other indicators to see if there is confirmation. In particular, the use of an oscillator such as Bollinger Bands will often be combined with a non-oscillating indicator such as a chart pattern or a trend line; If these indicators confirm the recommendation of the Bollinger Bands, the trader will have more evidence that the forecast of the bands is correct

.

STRATEGY FOR FOREX, CFD AND WINNING CRYPTO 5 WINES FOLLOWED 2020

Strategy formed in MT5 with high profitability in any market.

Very simple but quite profitable system, it is simply winner

This system is made up of 2 moving averages, you can use it in different times and for all currencies in forex.

PLATFORM: MT5 - MT4 - AND ON THE PLATFORM

TEMPORALITY: All

MARKETS: FOREX, CFD, FUTURES, CRYPTO, BINARY OPTIONS

BROKER: FINMAX FX - FINMAXOB - XM - IQOPTION

SETTING:

SMA = 14 ----- SMA = 7

BUY

The uptrend

SMA of 7 yellow crosses to SMA of 14

SELL

Downtrend

SMA 7 yellow crosses the SMAde 14 red

REAL ACCOUNT VIDEO



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