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Trading Methods, Techniques and Ideas

Dear Friends,

I'm glad to open a new section of our website dedicated to trading methods, techniques and ideas.
Here, me and my team, and hopefully you as well, will be sharing our favorite trading methods, for example, the best method to exit a trade, the best method to filter trading signals, a favorite method to identify ranging markets, a favorite entry method etc.


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Hi guys ,

I am about to use a strategy on price action moves :
1) I try to go long (short) when a swing low (or high) has appeared
2) I wait for the reversal candle (this is a candle from red to green (green to red)after a swing low (high)) after a consolidation of a swing low or high
3) I enter the trade when the following candle breaks the reversal candle and when there is stochastic agreement 4) there must also be stochastic agreement to enter the trade.
I use the 8-3-3 stochastic. When the angle of the stochastic is between 12 and 2 o' clock you can enter long after the break of the reversal candle.
When the angle of the stochastic is between 4 and 6 o' clock you can enter short after the break of the reversal candle.
The angle of the stochastic is very important, it determines the trend is in your favor.
Stop loss is placed just under the swing high or low.
Take profit on big numbers (00-20-50-80) or midrange numbers (10-35-65-90): try to reach 2 to 3 levels of profit after you entered the trade :
for example: enter long on 1,3000 and take profit on 1,3020/1,3035 (the levels are 00-10-20-35-50-65-80-90)
enter short on 1,3000 and take profit on 1,2980/1,2965

I think it is a high chance profitable trade and quite simple strategy.
Please, I really would appreciate feedback on this strategy and maybe add some useful advice , so that this strategy even becomes more profitable.
Thanks.

Best regards,
Erik
Belgium

Hi Edward,
I would like to share on this website a high chance profitable trade on current price action after a swing high (or low) :
1)after what appears a swing high (or low) wait for a reversal candle to close (this means a color change of the candle)
2)wait for the break of the reversal candle and enter the trade when you have stochastic agreement (the stochastics must have made an angle between 12 and 2 o'clock to enter long and an angle between 4 and 6 o'clock to enter short)

Stop loss is placed just above (or below) the swing high (or low)
I take profit on big (00-20-50-80) or midrange numbers (10-35-65-90) 2 to 3 levels (levels are 00-10-20-35-50-65-80-90) beyond (for example: enter long on 1.30000 and take profit on 1.3020/1.3035, enter short on 1.30000 and take profit on 1.2980 or 1.2965.

I only trade when ADX is above 25.

I would really appreciate some feedback on this strategy to mak it even more profitable.
Thanks.

Best regards,
Erik
Belgium

I feel that this comment should have been placed in the forum or in the development section, because seems like it got lost here...

Try the forum: http://forums.forex-strategies-revealed.com/

Thomas

Please I will like to be link up with Edward, I am a new trader and I will like him to take me as such and give me some tips which I can use to build myself.

Abmart

you can simply use the contact form on this website to get in touch with Edward.

Thomas

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Hi Edwards,
I am not sure if you have answered this questions before, but I was just curious, out of all the strategies that are posted in this site, what is the strategy that you like the most? the strategy that revealed to be most successful?

Thanks.

Yes, I get this question many times.
Below is the link that would provide the answer:
http://forums.forex-strategies-revealed.com/advanced-strategy-the-midnig...

Kind regards,
Edward

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