H4 is still the key - forex news trading room

H4 is still the key ~ forex news trading room

Price has broken out of its indecision area. About 12 hours on the rise after the star (+) on H4. The bull candle open at 1.55746 and rose to 1.56792 so far (about 105 pips). The next hurdle for the reversal is at 1.57087, if that is taken, 1.57988 could be on the horizon. However, being a Friday, it could be a slow movement. All the the facts are in H4.
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5 Ways of Entering a Trade - forex news trader robot

5 Ways of Entering a Trade ~ forex news trader robot

5 Ways to enter a forex trade

1. Know the currency seasonal behavior first before you trade
2. Look at the 1 month chart of the currency pair first before you trade
3. Look at the 1 day chart of the currency pair first before you trade
4. Look at the economic events for the upcoming 1 month before you trade
5. Use low leverage 1:10 (dont use 1:50)

All these are valuable experience of a trader that rose from penniless to millionaire.

5 Pips Forex Trader

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Follow The First Reversal H4 Candle Using M15 - forex pre news trading

Follow The First Reversal H4 Candle Using M15 ~ forex pre news trading

This current sentiment now is that GBPUSD has formed a 200-pips box (flag) between 1.57807 and 1.55081. A break out of either side will determine the next direction. Until this happens any prediction is mere speculation.

To play the range, follow H4. The most effective method is to follow the first reversal H4 candle using M15 as entry around 30. The red horizontal line on RSI gives early indication of when to take profit or lock your profit. Now the trend is up, reversal on M15 around 70 is a signal to either take or lock your profit by either using trailing stop or shifting your stop loss.
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H4 is the key 4 day traders - forex news trading robot

H4 is the key 4 day traders ~ forex news trading robot

This is what I discussed earlier about H4 and its advanced notice. After the last signal it gave, it is currently preparing to give another signal. If you missed the last signal for your short term trade, wait for another signal from M15. Furthermore, look at where price is currently sitting on D1 - a crucial point! This is where I am currently watching for the medium term/long term. Will it hold or will it break? Only time will tell.
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Main Key Features of the Platform - the best forex trading app

Main Key Features of the Platform ~ the best forex trading app

Main Key Features of the Platform:

• Smooth flow dealing with no request for quote for up to 200 lots (20 million).
  
• Working with securities of Forex, Futures and CFD markets.
  
• Multilanguage program interface that supports 14 different languages.
  
• Friendly user interface that is both easy to use and to grasp.
  
• Various execution technologies: Instant Execution, Request Execution, Market Execution.
  
• Exclusive daily technical analysis to your mailbox in the Trading Platform.
  
• Providing research reports for every day and every week.
  
• Working simultaneously with multiple accounts.
  
• Various real-time charts with the most common indicators.
  
• All types of market and pending orders to engage the services of the desired trading strategies.
  
• Summary of clients orders, opened positions, floating profit & loss, account equity, margin, free
  margin …etc within real-time.
  
• Supplying news headlines directly in the platform from financial markets.
  
• Discover the trailing Stop feature.
  
• Supplying tools allowing Sigma’s clients with real account to set their own trading strategies with
  the Expert Advisor.
  
• Intimacy of all trading operations and support of Advanced Security technology.
  
• Internal mailing system.
  
• Printing charts and completed trading transactions statements.
  
• Providing a high level of confidentiality found in the clients unique username and password.
  
• Real-time data export via DDE protocol.
  
• Support of various timeframes (from minutes up to months).
  
• Experts, Custom Indicators and Scripts.
  
• Signals of system and trading actions.
  
• Showing real-time prices in the major currency pairs that are constantly updated.
  

  

for more information ........

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GBPUSD Current Outlook - forex news trader pro

GBPUSD Current Outlook ~ forex news trader pro

In forex trading it is important to have the larger time frame in mind.


The fourth chart is the weekly chart. The trendline where the price touched and bounced back is the downward trendline from 11 of August 2007. As long as price is on top of line, the move move upward is still valid.

The third chart the daily tells us that the downmove is still valid, probably what is happening is a retrace.

The second chart which is our ever reliable H4, tells us that price is taking a breather and the signal was given around 1.53800. The line on the sand now is around 1.53800.

The 1st chart is M15 which showed when the signal was given.

How do you trade this for a short term trader looking for 40-100 pips per trade? Wait for the current HR candle to close if the next candle open above 1.53800, the retrace is confirmed. Follow the candle and take your pips.

Another way to trade this is, since the daily chart shows that the fall is still on, wait for the current reverse to end and follow the next bear candle. Either way you will get your pips. The advantage you have with H4 is that you are guaranteed enough notice. If you look at your GBPJPY H4 Chart you will observe almost identical set up.

If you pick only 5 pips daily, 25 weekly and 100 monthly based on the recommended lot size to the account value, you will increase your account by 10% at the end of the month.
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GBPUSD Still within 200 pips H4 box - forex news trading strategy pdf

GBPUSD Still within 200 pips H4 box ~ forex news trading strategy pdf

When I posted the last chart, I mentioned that Cable has formed a 200 pips box. Price broke out of the box briefly on Friday and the two H4 candles that moved out of the range opened and closed in the box. We are still within the box and the big boys have not made up their made on the direction to go. We are still in an area of consolidation. If you look at the chart below when the price was on its way to 1.60000 it stayed within the current zone but for just about 4 days. We have spent about 7 days within the zone so far. It is very crucial area, a break out of the zone, will determine the next direction. For a break upward, the area to watch out for is 1.57030. For the downside, the support is at 1.54419. This is where to watch out for if you are trading GBPUSD. As usual use the reliable H4 and M15 to plan your trade.
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Key to winning Forex - forex market breaking news

Key to winning Forex ~ forex market breaking news

The ultimate key to win in Forex :

• Play in same and small amount 100 dollars per trade
• Take profits of 5 pips(max)
• At most 2 trades per day
• Withdraw your winnings as soon as possible
• Dont play chance game
• Dont predict
• Be disciplined.

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