Amazing Simple Forex Strategy

" VERY POWERFULL SIMPLE FOREX SYSTEM"

7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets

Hi all,

I have been posted some simple forex system that I found very powerfull.
You can browse archieve files in this blog to get it.
Dont worry it is free ;)

I understand a forex system is not fit to everyone so I post several of them.
That is your job to give them a try so you can find which one is fit to your trading style and your risk tolerance.

On this post, I will give you another simple but powerfull system that will generate pips in your broker account.

So, read it carefully..


Amazing Strategy at a glance(with some changes) :

1 - Look at an economic calender and choose important news !
If you don't know where to look at, go to forex factory.
2 - Run your trading terminal 5 minutes before News time !
3 - 1 or 2 Min before news time set 2 pending order with following details :

BuyStop :

Price : Current Rate + 10 + spread
StopLoss : -10 pip
TakeProfit : + 20 pip

SellStop :

Price : Current Rate - 10
StopLoss : -10 pip
TakeProfit : + 20 pip

4 - Modify your orders with above details until news release .
5 - When one of your orders executed then cancel the other one .
6 - Now sit on your desk and get your profit .
7 - After 1 or 2 Min of news release if your orders didn't active then cancel them .


It's all thing you must do when you are trading with A.S .

Good Luck
Example 1 :
16 Nov 2006

We have US CPI today . it will be released at 13:30 GMT .

13:27 GBP/USD rate is at 1.8887 you must put 2 pending order now :

BuyStop : Price = 1.8899 StopLoss = 1.8889 TakeProfit = 1.8919
SellStop : Price = 1.8877 StopLoss = 1.8887 TakeProfit = 1.8857

OK , now you must modify your orders until 13:30 .

13:30 CPI released and your buy stop activated at 1.8899 and touched your target at 1.8919 so you got 20 pips in less than one min .

Now you can cancel your Sell Stop and go to drink coffee

Stay tune at our Free Simple Forex System blog for another forex system.

A Simple News Trade

THE SIMPLEST FOREX TRADING SYSTEM YOU CAN APPLY IMMEDIATELY

Hi all,
If you are looking for a simple forex trading system but has a proven good result, so here it is.
Read this article, test it in your demo account, and then see the result.
I don't know who you are and how good is your forex knowledge and experience.
I pretty confident, you too will get a good result just applying this single technique.


Believe me,this system is very simple, even simplest compared with other system I tested.
If you are like me, love a KISS ( keep it simple, stupid !) method,you will love this system very..very..much.
And best of all, IT IS FREE OF CHARGE!


Like many trading vehicles, Forex reacts well to news.
Given that plenty of news items are scheduled for release at set times,
it stands to reason that we should be able to trade those reactions.


Why Trade News?
To make money in the market, we need whatever we are trading to move - either up or down.
As markets spend a lot of time going sideways, any warning of impending movement is a good thing -
we can be prepared to trade that movement rather than wait around all day in the hope that something might happen.
Regular news releases give us perfect warning of impending potential movement,
because they are scheduled for set times throughout the day, and many occur regularly - weekly or monthly.
Anything that happens with regularity can be used to base a trading method on.


What News To Trade?
There’s a lot to choose from, but clearly the type of news we want to trade will depend on the currency pair(s)
we are watching. If you play the US Dollar crosses then US releases such as the Non-Farm Payrolls or Weekly Jobless figures
will be the ones to watch. The more you watch the markets at news release times,
the more you will get a feel for which regular releases are 'market-moving'.
Subscription services like Briefing.com can help too, in grading news items by their market-moving ability.


A Simple News Trade

Here is a simple but very effective way to trade the news - it can be tailored to an individual trader's style and risk profile as required.
Using a 15 minute chart, wait for the news release, and do nothing for the remainder of the 15 minute bar immediately following.
In this example chart, which shows Cable (GBP/USD) at the time of the Weekly Jobless claims figure -? announced on Thursday mornings at 8:30 EST, we see that the 8:30 bar (highlighted) shows some volatility as the market makes its initial reaction.
At the start of the next 15 minute bar (8:45 in this example), we simply go Long if the previous bar closed Up (i.e. was a blue candle) or Short if the previous bar closed Down (i.e. was a red candle).
The idea is that by the first 15 minutes, the market has had time to digest the information and make up its mind about a direction.
The final direction after this 15 minute period tends to carry through in at least the next bar.

In the example here, we would have taken a short at the start of the 8:45 bar, with a tight stop - we are looking for quick follow through so if that doesn't happen we want to be out with minimum loss.
Exiting point for a profit is discretionary; one possible method is to use a break of the previous bar, which in this example would have netted us a quick low-risk 25 pips.
If we traded other currency pairs at the same time, clearly we could have taken more pips out of the market.

There is one caveat to this trade: if the initial 15 minute bar at the time of the news release moves a long way in one direction very quickly (more than 100 pips, say),
we would walk away and leave the trade - it's already made the move and further follow through is unlikely.


This is a simple setup, but a remarkably effective one.
To get the best from it, a trader should ideally be watching several currency pairs - not all of them will follow through
- so watching more gives a better chance of picking up some big winners.


This system is created by Rachel Knight www.forexheaven.com

My forex trading system

FX10 [5 minute or 10 minute chart] Day Trading Method

Hi all,

Please read carefully to this post. I am about to reveal my forex trading system
which I have been using for years and successfully generate money to my pocket.

I found this strategy in 2005 and until today it has been generate good result.
This system is created by Erol Bortucene,President of Forex Research Corp.
this is a simple and effective trend following method for any major exchange rate. I
hope you can adapt this strategy to suit your trading style.

5 minute Chart Set-up
Description: An intra day trend following trading method, using the following indicators:
• 10 period WMA (Weighted Moving Average)
• 20 period SMA (Simple Moving Average)
• Slow Stochastic (10,6,6 (exponential))
• RSI (28)
• MACD (24/52/18 (exponential))

Rules: Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.

BUY the exchange rate when the 10 WMA crosses up past the 20 SMA and the Stochastic is
signaling up (fast line above the slow line), RSI > 50 and the MACD histogram >0 and MACD
averages crossed up.

SELL the exchange rate when the 10 WMA crosses down past the 20 SMA and the
Stochastic is signaling down (fast line below slow line), RSI<50 and the MACD histogram <0 and MACD averages crossed down. Try and take profits at or near key levels: Try and take profits at exchange rates ending with 00, 20, 50, 80 e.g. EUR/USD 1.1980 Stop-Loss Level: discretionary

Screen shots:
EUR/USD Buy signal[below]






GBP/USD Sell signal[below]





10 Minute Chart Set-up
To set this method up with 10 minute charts, simply use the same rules above, but change
the indicator values to the following:
• 5 period WMA (Weighted Moving Average)
• 10 period SMA (Simple Moving Average)
• Slow Stochastic (5,3,3 (exponential))
• RSI (14)
• MACD (12/26/9 (exponential))

Note:
Do 1-2 weeks testing in your demo account or until you get comfortable or good result before
applying in your real account.

You can visit erol's website at TradeCurrency.ca