Forex Trading Systems – Ping Pong Trade

Forex Trading Systems – Ping Pong Trade


I like to call this a ping pong trade. A nice forex price action pin bar formed on the forex pair: Usd Chf Its a price action forex pin bar that is in line with the uptrend. (Remember to always trade with the trend) Moreover, it has the 150 moving average (marked by the orange line) as support. By just judging the above points alone and not adding other confluences, its a already a good trade to enter. So where is our First take profit area? The blue line of course. Our 200 moving average. Price will definitely stop at the area for some resistance. So that will be our take profit target. So its pretty simple. Price touches the 150, and bounces back up to the 200. Just like a ping pong. Forex Trading Systems – Ping Pong trade Follow up


Price indeed reached the 200 moving average to find resistance. And we have gotten our profit. A quick profit we got here. What we can learn from this scenario: Forex trading need not be hard. By looking at it in this way, it is plain and simple. No difficult forex indicators whatsoever. Just price action with moving average = Profits Check out our Winning Asia Forex Mentor Price Action Forex Course where i teach you the exact FULL Forex Trading Systems that i personally use. See you on the other side my friend,

Importance of stop loss placement in forex trading

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FOREX TRADING: IMPORTANCE OF STOP LOSS PLACEMENT


A lot of traders do not believe in stop loss placement. Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial key if you want to make forex trading profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way. And sure enough, most of the time, they took more losses than they would have if they stayed on their initial stop loss. In the chart above, is an example of the importance of stop loss placement. Usd chf h4 In the highlighted box, thats a pin bar. When some guys see this pin, they will naturally take it down and the ideal place for their stop loss is the horizontal line in orange that is drawn. Scenario A) if the trader did not place a stop loss, or a mental stop loss – look at how high the usd chf pair went upwards. Their account will be blown or had a huge huge loss. Scenario B) Trader shifted their stop loss backwards from the initial orange line thinking that the trade will go back down. They would have taken a huge loss as the move went up terribly fast and would have gotten a big blow to their account Scenario C) Trader sticked to their initial stop loss, they would have just gotten a standard loss of the % risked in their account, based on their money management. And this is just one of the trades among the plenty, therefore this loss is not a big deal. I hope you guys can see the importance of placing and sticking to your stop loss. Or else your account will be blown before you know it. Ezekiel Chew Asia #1 Forex Mentor

Genuine online forex trading

Scammers and genuine business people, these are the two main categories you'll work with in business transactions. Scam in fact abounds on speculative markets such as Forex. People who work at home and who try to make their own independent buck face scam risks every day. Genuine online Forex trading does have a big impact on the international work environment, but sometimes it is not enough. False commitments are common basis for lots of Forex activities, and most issues result from the creation of unverified brokerage systems that charge commissions or money deposits while giving zero in return.
Trade without middlemen, that's the best idea for genuine online Forex trading. You can develop personal strategies and stop basing your decisions on the recommendations of so-called professionals. Beginners usually get in the traps of less genuine online Forex trading, but even more experienced traders may fall for it. Fear and greed are the two feelings that expose you to scams. Don't believe in miracles and don't expect wonder results from you first investments. This is not possible, therefore, stay wary of anyone who tells you otherwise.
Let's take a clear example here. In order to operate on the foreign exchange market, you need to open an account and make a money deposit. Genuine online Forex trading systems generally recommend for the opening of multiple accounts at the same time, while scammers advise you to create just one, so that they may get more money from you in one shot. Look for web sites that provide advice and support for beginners, and even strategies to implement on the currency market. In time, with genuine online Forex trading support you'll learn how to detect and analyze market indicators and distinguish what is genuine from what is fake.
To sum it up:
Stay realistic and don't fall for the ultimate regular income promises or the revelation of the secret market movements.
Genuine online Forex trading results from good knowledge of the market principles and solid education.
There is a risk even with the best trading systems. The rewards can be considerable, but with every investment you also take a risk!
Create an individual simple system. Leave advanced currency trading strategies for when you are confident and trained enough to handle them!
Avoid short-term money ventures and aim for long term success!
Forex Trading can be learned by anyone. It truly is a business open to anyone. BUT the learning curve is steep, a lot of mistakes are being made and you can lose a lot of money fast by making the same mistakes all beginner forex traders make.
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Forex Trading – Gaps

Forex Trading – Gaps
Gaps happen when the forex market closes and the forex market have some movements before the market opens. When the gap forms, What will they happen. If you had read out previous post about gaps. It will come as no surprise to you. Ans: Gaps usually closes. The market will usually close back the gap that is formed. There are plently of gaps the formed when monday opened, such a wonderful thing. Got quite a number of pips just by closing the gaps. These 2 charts are some of the example of the gaps these week, but there were plenty besides these 2.
Ezekiel Chew

The dragon trading system ( Fearless in Forex

Greetings, hello all, I want to share the work of my friend's trading system, is based on the observation intervals and finally tested in such a way, these indicators are not inferior to those of the other master please download, once installed into MT4 results will be as shown below, there is a full explanation in the archive.

thanks to a.triyatno