Sunderland Traders’ Playbook: Forex Trading And Mining Tips For Easy Profits

zuhud sukses

Sunderland Traders’ Playbook: Forex Trading And Mining Tips For Easy Profits – Let’s talk about business strategies and in this article, I am sharing 5 business strategies that I use or have used in my business. Any trading strategy can be traded and you can also combine different ones. Every trading strategy consists of several factors that come together to provide strong signals. Of course, one can add more stimuli and conditions to this process. Trading Strategy 1: Trading Strategy The first strategy is a trading strategy with RSI bands. I used 20 and 40 period SMA but you can use any combination. Here some inspirations: Moving average trading pattern 10 and 20 short day trading 20 and 40 medium-term trading (best 1H and 4H) 50 and 100 long-term trading (best 4H and daily) 100 and 200 Daily Swing trading and Weekly) I use the 14 period RSI indicator as a trend indicator. When the RSI is above the 50 level (orange line), you can only look for bullish signals. And when the price is below the 50 level, you can only scan the tip exchange. Let’s look at the situation below and go through points 1 to 4. 1. The short-term moving average is higher than the long-term MA. This is an indicator because it means that short-term prices are rising over long-term prices. It indicates a strong momentum. 2. The RSI is trading above the 50 level which means it would be better to follow the crossover signal. The RSI, therefore, is a filter tool. If the moving average crosses the bullish signal but the RSI is below the 50 level, the trader will not open long trades. 3. The next moving average transition to the edges happened here. Although the moving average is close to a crossover before, you should wait for a confirmed crossover. 4. The RSI has dipped below 50 with the reversal, confirming the bearish signal. Of course, you can put more criteria in those two above. For example, a trader can add a trend or breakout strategy. Or even add a long-term moving average as an additional trend direction filter. I have collected many business case studies for you below. At point (1), the moving average has crossed a high. The price was trading above the moving average before, but you have to wait for a cross of the moving average. When the moving average is crossed, the RSI is already above the 50 level, which confirms the signal of a bullish trend. By now you probably already follow the procedure and understand how the stickers are made in points 3 and 4. I do not recommend that you start trading this way blindly. Instead, test it with a custom account and get a feel for how the components work together. You may want to make changes or add different tools in this process. Also, be sure to consult my latest article on stops, targets, and success when it comes to choosing the right parameters for your trading process. Trading Strategy 2: Prices & Pitfalls I used to trade a lot. For this, I set the Bollinger Band (r) to 2.5 standard deviations to create a wide channel. In a wide channel, the price increase in the channel is more meaningful and an important event. You can even set 3 standard deviations to filter out more price action and get bigger peaks. The exchange alone is not enough and I recommend adding a filter on top of the candle. A bullish trend with a weak candlestick or candlestick usually provides difficult trading conditions. In the example below, the price made a big spike at the top and immediately went back inside the channel. The fact that the price is locked back inside the channel is another important part. During strong trends, the price will sometimes close outside or very close to the outside parts. You should avoid such situations and wait for a complete rejection. In this case, the elevation occurred as a pin and, therefore, provided at least 2 combined signals: the elevation of the channel + confirmation of the lamp. In the image below, we can see snow, pine and also the combination of the old support zone. The hardest part when it comes to using multiple factors is delivering businesses where you are missing just one. Let’s assume you see a significant increase but no other compounding issue. In such cases, you should pass on the business even though it may seem attractive. But if you have built a system that requires additional combination signals such as a candlestick pattern and maybe even a signal at an earlier support/resistance level, you must follow the rules and pass the trade. This is where many amateur traders can’t sit on their hands, but it is very important to trade only when you have a complete trade mark. Therefore, write down the business rules and keep them in a place where you can see them at all times during your business. It’s a constant reminder of what you’re looking for. Trading Strategy 3: Diversification The Dynamic Range is one of my favorite tools and I have been using it for years in several of my trading strategies. I have discussed long range concepts in other articles. In the picture below, the price made a four-fold divergence at point 1. The price made 4 consecutive points (2), but the RSI made 4 consecutive lows. As of writing this, the price has made several consecutive lows (3) and the RSI is making a low high (4). This shows that the trend is losing power. Of course, this is not enough to enter into a trade because the price can continue to change for a long time even though it shows variation. As with all business strategies, we need to incorporate additional factors into a diversification strategy. The screenshot below shows the same scenario as above but this time I’ve added a 40-period moving average and trends; I will discuss maps like strategy 5 in this article. The length of the moving average here is very high and you can see that the price has violated the moving average several times during the upswing to the left. Therefore, a long-term moving average would be a better choice in a volatile market. The trend schedule in point (1) worked well and it wasn’t until the trend broke that the trend actually turned into a letdown. The current schedule in point (2) has not yet been broken, therefore, no tick marks are given. As mentioned earlier, variance alone is not a strong indicator and correlation coefficients work well in this scenario. Now, a trader will simply wait for a strong breakout of the line before looking for buying opportunities. Trading Strategy 4: The Horizontal Harvest System is one of my favorite trading ideas especially for new and struggling traders, finding horizontal levels is usually very easy because it is objective. A good vertical level is validated after the second touch and with each subsequent touch, the level gradually weakens. In the image below, the horizontal resistance level at point (1) has approximately 5 touch points. Such a level has a high probability of breaking. Even more, just before the break, the price was “sticking to the level” which means that the sellers were not able to lower the price, and the buyers entered the market in large numbers. In my business, I call this concept “low bounce” and it often indicates a high probability breakout. When the price goes sideways, traders will wait for a short combination that will allow you to draw vertical levels above. Points (2) and (3) are great examples here. These types of consolidation phases are often used in trend-following entries and I have discussed this previously in our reversion strategy guide. To improve the strength of trading signals, one can add a moving average to the chart as shown in the figure below. The moving average acts as a filter for trend direction and one will only look for trades in the direction of the moving average. At point (1), the price is above the moving average, and the trader will start looking for expensive opportunities. The following behavior of such a change occurred in points (2) and (3) when the price formed a side-to-side combination where it was possible to draw a vertical resistance level at the top. The price stopped short during those sideways phases, and the breakout indicated a continuation. At point (4), the price has broken below the moving average and has also broken a corner of the market’s top upside. Often, such high patterns also show different signals and one can add the RSI indicator as the third factor in the mix. While point (5), short

News for forex traders, profits from forex trading, top forex trading strategies for consistent profits, tips for trading forex, tips for forex traders, trading for profits, funding for forex traders, forex gold trading tips, forex trading profits, forex trading tips for beginners, forex traders for hire, forex trading daily profits

Also Read

Bagikan:

Tags

Leave a Comment