forex trading

ok nice you have used the ma to filter the signals of the stoch...if stoch is above 80 and 5 is below the 20 sell
i checked with the 4 hourly

 

Hi TraderG.

Are you familiar with tradewithprecision’s Recipe for Success Forex trading strategy YouTube video, presented by Nick McDonald? (It was one of the main starting points that enabled me to develop my own successful strategy for trading the Forex market.)

 

here is a trade just entered
eurusd went into a long tight range after a down move which hinted that the follow through was not there and that there may be pullback move up.
the first hint was the move up which formed a double top; that it formed a double top and not a lower high,showed that the previous down move was not as strong as before.
the move from the double top was a breakout pullback, and then the market tested that breakout pullback bottom and went up with stong momentum and then another retest of the bottom.
i entered on the next bar target a test of the double top

 

i do not think so.....is mcdoonald the founder of ART software.
thanks for dropping in!

 

the market went up strongly and as it often does after such a move , entered a channel.
the top trendline in both channels was copied from the bottom trendline

 

i am not starting a journal here only illustrating a few techniques with the hope of helping traders to see that price action, along market action, can facilitate a simple way to trade.

i hope other traders post their strategies here along with their thoughts

 

this is another trading entry long i took at the arrow a series of higher lows with bullish bars

 

ok i searched and saw the video NICE i actually got bored watching the videos it was that simple

 

suggest you see this video for a beautiful simple trading strategy

 

Your SL has not been hit. So... the big question:

Did you exit at profit in the 1.2025-30 area? That should have rewarded you with approximately 30 pips, which by 5 minute chart standards is a very good trade.