ForexSecret123 (33)

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Best forex trading strategies and tips

• The Forex Secret

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Bollinger band forex strategy

• A Bollinger band strategy is used to establish
  likely support and resistance levels that might
  lie in the market.
• The Bollinger tool consists of three bands the
  central line is a simple moving average (SMA) set
  to a period of 20 days,
• while the upper and lower lines measure the
  volatility on the market. If the forex market is
  highly volatile,
• The bands will widen, and if the market is more
  stable, the bands will get closer together.
• When the price reaches the outer bands of the
  Bollinger, it often acts as a trigger for the
  market to rebound back towards the central
  20-period moving average.

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Momentum indicator forex strategy

• The momentum indicator takes the most recent
  closing price and compares it to the previous
  closing price.
• It is then displayed as a single line, usually
  on a separate chart below the main price chart.
• The indicator oscillates to and from a
  centreline of 100. How far the indicator line is
  above or below 100 indicates how quickly the
  price is moving.
• Momentum indicators can be a useful tool when
  providing overbought and oversold signals. Forex
  traders can use it to identify the strength of
  the market movement, and whether the price is
  moving up or down.

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Fibonacci forex strategy

• Fibonacci retracements are used to identify areas
  of support and resistance, using horizontal lines
  to indicate where these key levels might be.
• These Fibonacci retracement levels are drawn as
  six lines on an assets price chart.
• Forex traders can use the Fibonacci indicator to
  spot where to place their entry and exit orders.
• The trick is to place your stop-loss below the
  previous swing low (uptrend), or above the
  previous swing high (downtrend).

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Bladerunner forex strategy

• The Bladerunner forex strategy compares the
  current market price to the level the indicator
  says it should be.
• By looking at this disparity, traders can
  identify entry and exit points for each trade.
• The strategy is named because it acts like a
  knife edge dividing the price and in reference
  to the 1982 science fiction film of the same
  name.
• The Bladerunner strategy is based on pure price
  action, combining candlesticks, pivot points, and
  support and resistance levels to locate new
  opportunities.

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Moving average crossovers forex strategy

• A crossover is one of the main moving average
  strategies, which is based on the meeting point
  or cross of two standard indicators.
• In a standard moving average, the price crosses
  above or below the moving average line to signal
  a potential change in trend.
• The placement of stop-losses is also determined
  by this strategy.
• The stop-loss for a long position would be
  placed at the lowest price point of the
  candlestick before the crossover occurred,
• while the short position stop-loss would be
  placed at the highest price point of the
  candlestick before the crossover.

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MACD forex strategy

• MACD stands for moving average convergence
  divergence.
• The basic aim of a forex strategy that uses the
  MACD is to identify the end of a trend and
  discover a new trend.
• Like the momentum indicator, the MACD appears at
  the bottom of the main price chart.
• The MACD is a momentum indicator that plots the
  difference between two trend-following indicators
  or moving averages.
• When the MACD line crosses above the signal
  line, it is a buy signal, and when the signal
  line crosses above the MACD line it is a sell
  signal.

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Keltner Channel forex strategy

• The Keltner Channel is a volatility-based trading
  indicator.
• Forex traders can use a Keltner Channel strategy
  to determine when the currency pair has strayed
  too far from the moving average.
• Like the Bollinger band indicator, the Keltner
  Channel uses two boundary bands constructed
  from two ten-day moving averages
• Either side of an exponential moving average.
• Traders can use the channels to determine
  whether a currency is oversold or overbought by
  comparing the price relationship to each side of
  the channel.

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Fractals indicator forex strategy

• Fractals refer to a reoccurring pattern in the
  midst of larger price movements.
• The fractal indicator identifies reversal points
  in the market,
• Found around key points of support and
  resistance.
• Forex traders can use a fractal strategy to get
  an idea about which direction the trend is
  heading in by trading when a fractal appears at
  these key levels.
• Fractals occur extremely frequently, so they are
  commonly used as part of a wider forex strategy
  with other indicators.

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RSI indicator forex strategy

• The relative strength index (RSI) is a popular
  technical analysis indicator used in a lot of
  trading strategies.
• The RSI helps traders to identify market
  momentum and overbought or oversold conditions.
• The RSI indicator is plotted on a separate chart
  to the asset price chart.
• It consists of a single line and two levels that
  are automatically set.
• The vertical axis of the RSI goes from 0 to 100
  and shows the current price against its previous
  values.

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Breakout trading forex strategy

• Breakout trading involves taking a position as
  early as possible within a given trend.
• A breakout occurs when the market price breaks
  out from a consolidation or trading range this
  is typically when a support or resistance level
  has been met and surpassed.
• Trading breakouts is an important strategy,
  especially in forex, because the movement
  represents the start of a volatile period.
• By waiting for a key level to break, forex
  traders can enter the market just as the price
  makes a breakout and ride it until the volatility
  calms down again.

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