Simple trend trading forex strategies that work

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EURUSD - Daily Chart very simple "trend following strategy". This is a very simple, yet very effective trend following strategy. Display price using Heiken Ashi candlestick. Removes a lot of the noise and allows to see smoother movement.

Confirm if trend is UP, DOWN or SIDEWAYS. The candle MUST breech both moving average lines to validate entry long or short. Typically the large HA candle that breeches the two moving average lines will NOT have a wick below it.

EURUSD - Simple Trend Following Strategy Cont. GBPAUD - Comparison of Standard Candle Vs. EURGBP - LONG, Double-Bottom and Bounce off LT Support.

Nevermind, wrong clipboard data! Give me a sec and I'll post the correct chart. This is how traders should think, approach trading. This is very useful insight. Having a clear conditional strategy is the best way to go in trading i believe.

That eliminates subjectivity, making trading more objective..

Learn to trade using simple trading strategies | Trendsignal

Not at all, thanks for your idea. It would be great if you follow with real time examples, i will be following your ideas.

Many thanks for posting this - looks to be excellent. Can I just ask you to clarify one thing please?

You state above " Don't worry Dale, I've managed to make out the annotations on the chart through the "Thumbs Up" symbol - 8-WMA and MA it is. Hi Dale, thx for posting. However it works the best when you have price rolling up and down like this pair is doing right now. It's best to go to the pair s you like to trade and do back testing.

Thank you for your post, Dale! I have implemented your strategy today and so far I know this post is a year old, but it's still pretty accurate as a trading system. Are you able to quantify a 'large' candle?

Say, within 75 to pips? Thx for any info! Based mostly on Market Profile and Price Action daily charts the strongest levels for short swings are 1. Heavy volumes were traded between those levels accumulation followed by strong rejection of higher prices resulting into renewed sell-off.

I think that the sellers will be active there again. Only thing to watch out for is ECB meeting on Thursday. Basically anything can happen there and I won't be trading during this event. You can see my analysis here: Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis. From the creators of MultiCharts.

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