Forex Trading Strategy: GBP-JPY 1H

This is the simple strategy i usually used for pair GBP-JPY: Please run your MetaTrader software. Then set this indicator: Indicator in use: 1. Simple Moving Average (SMA 35 high) thick white line as the picture (or it's up to you) 2. Simple Moving Average (SMA 35 close) white dot (period) as the picture (or it's up to you) 3. Simple Moving Average (SMA 35 low) thick white line as the picture (or it's up to you) 4. Linear weighted (LWMA 2 close) thick blue line as the picture (or it's up to you) 5. Linear weighted (LWMA 3 close) thin blue line as the picture (or it's up to you) 6. Linear weighted (LWMA 4 close) thin blue line as the picture (or it's up to you) 7. Linear weighted (LWMA 5 close) thin blue line as the picture (or it's up to you) 8. Linear weighted (LWMA 6 close) thin blue line as the picture (or it's up to you) 9. Linear weighted (LWMA 7 close) thin blue line as the picture (or it's up to you) 10. Linear weighted (LWMA 8 close) thick blue line as the picture (or it's up to you) 11. MACD 12,26,9 like the picture (the color it's you) 12. indicator BBANDS ~ 1 (This indicator can be found on the tricks that I tell this)  in this post I include the template and  the indicator , so you just copy and paste to the templates folder and the indicator folder in your MetaTrader. How it works : First: Use Time Frame 1 H BUY: When LWMA 2 to 8 have been crossing to the 35 SMA high with a high mark in the emergence of new Candlestick, do not open position when only LWMA 2 to 7 cross to SMA 35. make sure all LWMA 2 to 8 crossing to SMA 35 , because when all LWMA not cross to 35 high SMA, then price probably will be going down (reversal), see sign green orb in the picture above. In addition to the mark in the MACD 12, 26, 9 are on the positive value (mountain form) see the picture above. Also marked the emergence of signal point BBANDS ~ 1 blue. if all of the above signal is okay ... please open BUY position. OPEN SELL: When LWMA 2 to 8 close have been crossing down to the bottom of 35  SMA low with mark in the emergence of new Candlestick, do not do open position when the SMA cross to LWMA only 2 to 7.  Because when all LWMA not cross to 35 SMA low, then price probably will be going to  reverse, in addition to the mark with the MACD 12, 26, 9 are on a negative value (see the picture above).  Also marked the emergence of signal point BBANDS ~ 1 red. if all of the above signal is okay ... please open positions SELL Determining Target Point (TP) and Stop Loss (SL) To determine the TP, if the trends are strong then you can set 100 pips, but if the trend is not so strong, so please take target 50-60 pips only. How do I determine the trends are strong? please see your pair GBP / USD and USD / JPY Time Frame for 1 H, Candlestick when GBP / USD and USD / JPY  move in the same direction, they can be sure in the GBP / JPY will also move the same direction with that 2 pair. Example ... if the GBP / USD and USD / JPY rise 5 pips, the GBP / JPY will rise even more 10-15 pips. Or you can use fibonacci levels to determine your  TP , or with Support and Resistant level. To determine Stop Loss, I set it to 100 pips, because the nature of this pair is wild and it can be reverse 60 pips. this strategy match on the pair-pair wild as GBP / JPY or GBP / CHF which the movement pips a day can achieve 100-150 pips, and if the certain condition it can be up to 800 pips.  You can also trade GOLD using this strategy and get result ... hundreds of pips. Don't forget to Set Time Frame 1 hour (H 1). REMEMBER! Try in virtual money / DEMO account first! for 1 or 2 weeks. If you are used to profit with Virtual / demo, with a comparison of 10 times Trade 8 times profit and 2 times loss, or about 85% accuracy, so please use the Real Money / Money for your real trading.
Download

Read more...

Swing Trading Strategy

Swing trading is a way that aims to obtain profit in a short time. Called the swing, because the turnover position (close / open - buy / sell) is done in a short time. Here, accuracy and neatness momentum of trader to find the right to do the open position is necessary. Swing trading concern to the technical analysis in determining the right moment to open position, and usually does not need to pay attention to news or analysis fundamental, but more focused to the price movement of a pair desired.
swing trading is best done if the market does not have any
news and influential enough that the price movements tend to be formed waves in the short time period.

There are several things to do in the swing trading:

1. Chart style that should be used is a candle stick, because the candle stick pattern, momentum price movement (up / down) can be seen more clear.
2. Use a horizontal line indicators for present value
Pivot, ressistance and support from the pair. This is important
more secure because the swing is done at the time the position which range of pair around its Pivot or in a wave pattern around the support or
resistance.
3. Parabolic SAR indicator can be used to help determine
momentum market entry. Usually, when prices begin to rise, this indicator will
appear below the chart, while prices start coming down this indicator
will appear in the top of the chart.
4. Indicators as adjuvant can be used ADX or Bolinger Band.
In principle, ADX has 3 parameters: DI +, DI-and ADX line. Signal
Sell for ADX shown to decrease when IN + and IN-cut, and
range ADX line is below 20, while the ADX signal for Buy
indicated when + DI moves up and AT-cut, while the ADX line
is in the range of 40.

But in some cases, these parameters still relatively
parallel, so that was quite difficult for traders to determine the position. For that
case, we can use Bolinger Band (BB) indicator as an aid. BB actually
consists of 2 lines, high-level parameters (upper band) and low level (lower
band), but sometimes two parameters so that ignites this looks like
one line, and at others it will form the tunnel.

BB is quite popular as a technical indicator. In general, BB
describes the tendency overbought & oversold market's top pair
concerned, the more close to the limit price chart above, the more stronger
overbought indication. cut the chart at the time limit on the BB - this
signal is sold, at the time the chart below the limit cut
- This is a buy signal, due to an oversold indication of the strong.
Now, how do I determine the target?
As I explained above, swing is very effective to be used when the chart of pair
shows the wave movement (up-down) form.
To determine the target, we must first specify the Range (R ') price
which is the borders of high (H) & low (L) value of the pair.
R '= H - L
If you have a few waves, then specify the average H and the average L,
then we get that R is more focused.
In addition, note also price is likely to increase, or
tend to go down. This can be done to attract the straight line
connect the dots highest waves. If the line is increased, then
the price trend will increase, means that if we open buy position, the gain will likely become increasingly big. Conversely, if the line is decreased, so if we sell open position, we will get more gain.
Well if you can have in R ', the range trading (R) is:
R = R '- (2 x S) ; where S=spread.

For example, we play in the EUR / USD which spresd is 3 (difference value between bid and offer), then R = R '- (2 x 3). target profit that can be achieve is
half of R value. Or if we can see the price trend such as I described above, we can determine the target with more carefully.

Hopefully helpful.

Read more...