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Mail will not be published required. Forex Swing Trading Strategy 7: In order to do that, there is one very important thing we must know about the market. We want to know is what the trend is. Here are the 5 steps to trading this Forex strategy Place the ema on the daily chart of your Forex pair. See if its and uptrend or a downtrend. If yes, switch to the 1 hr chart and check if the 1 hr chart is in the same trend as the daily and the 4 hr charts.
It is in the 1 hr chart where your trade entries are executed when the trend in the 1 hr chart is the same as the 4 hr and the daily charts.
Posted in Basic Swing Strategies. Leave a Reply Click here to cancel reply. Powered by WordPress Designed by: Sell Only if the stochastic is below 80 buy only if stochastic is above As soon as the price lines up on the right side of the EMA on all of the charts daily, 1 hour, 4 hours , you need to trade bounces from the EMA.
For this particular example, we will use long trends;. Once you confirm with the candlestick pattern, go short just above the high of the reversal candlestick. In this example, this is a downtrend and you are selling ;. Use the previous swing high or swing low on the 1-hour chart as you take profit target levels.
In order to manage your profitable trade, use the trailing stop technique. If you are wondering about what is trailing stop loss order in Forex , maybe it is time to read a little.
Every single trading strategy has its drawbacks and sometimes things can go not as per your plan. And don't forget, using the extra bonus of 14, 3, 5 stochastic oscillator you will also reduce the noise in the market dramatically.
What if the trend on the 1-hour chart is different from those on daily and 4-hour timeframe charts? Just wait until the trend in 1-hour time frame chart is the same as in the 4-hour chart and the daily chart. Keep an eye on the price, and when it trades above the average, act - trade the bounce of the EMA.
What if the trend on the 1 hour and 4-hour timeframe charts is the same, yet different in the daily chart? Same here, be patient and wait till all time frames will show the same trend! Just bare in mind, do not over trade. Challenge me and of course yourself! Amandeep Sonewane 28 September Kristina Frunze 28 September Price is what you pay — value is what you get! Trading signals Technical analysis Fundamental analysis. Trading tools and indicators Forex webinars. Events Services Contact us.
Edit Profile Add a publication. Kristina Frunze 2 June What do you need to know about EMA? How does it work? Remember, the daily chart is determining the main trend; Shift to the 4 hours chart and see where the EMA is in the same trend as it is in the daily chart; In case it is, switch to the 1-hour chart and again check if the EMA is in the same trend as in the two previous time frames daily and 4 hours ; Remember, it is 1-hour time frame chart, where you enter the trades in case the trend is identical to ones of daily and 4-hour charts.
Here, in 1-hour timeframe chart, you want to be buying low, and selling high. For this particular example, we will use long trends; Use the price action with the help of reversal candlesticks; Once you confirm with the candlestick pattern, go short just above the high of the reversal candlestick.
In this example, this is a downtrend and you are selling ; Place the stop loss at least pips outside of the EMA line; Use the previous swing high or swing low on the 1-hour chart as you take profit target levels. EMA Forex trading tips Foprex trading ideas. Share this story with your network.