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Category Archives for "Forex Trading Pattern Strategies"Learn a wide variety of currency trading strategies based on candlesticks, trend lines, chart patterns, triangles, doji, flags, pennants, reversal patterns,…
Wildhog NRP Divergence Forex Trading Strategy
There are times in the currency market when technical indicators will slightly disagree with the real price action of a forex pair that is being analyzed. Technical analysts will in most cases find these disagreements very helpful and the Wildhog NRP Divergence forex trading strategy is based on this simple idea. Chart Setup MetaTrader4 Indicators: […]
Continue readingEM Star Reversal Price Pattern Forex Trading Strategy
The EM Star reversal forex trading strategy is a reversal price pattern and comprises of 3 candlesticks i.e. it is a 3-candlestick formation. The “EM” stands for “Evening” and “Morning” thus dealing in essence with Evening and Morning Star Reversal. This strategy can be implemented by just anyone with basic computer click and drag knowledge. […]
Continue readingDT Doji Forex Trading Strategy
The DT Doji forex trading strategy adopts a single candlestick pattern in spotting trend reversals. DT stands for Dragonfly/Tombstone, a candlestick pattern that represents bullish/bearish reversal respectively. Locating this price action pattern at resistance (Tombstone) and support (Dragonfly) levels is crucial. Chart Setup MetaTrader4 Indicators: CUSIV01.ex4 (Input Variable modified; EMASize = 190), PivotWeekly.ex4 (default setting) […]
Continue readingPL/DCC Forex Trading Strategy
The PL/DCC forex trading strategy is a price action strategy that catches reversals in the market. Adding some technical indicators to this wonderful pattern will transform it into a very potent and profitable system. Its ease of adoption makes it a good pick for beginners and advanced traders alike. Chart Setup MetaTrader4 Indicators: Rads_MACD.ex4 (default […]
Continue readingThree Black & White Forex Trading Strategy
The Three Black & White forex trading strategy is essentially a reversal pattern that can be effectively used to track a bullish/bearish trend at the bottom/peak of an existing trend. There’s nothing as sweet as catching a trend when it starts. The strategy attempts to locate the three black crows (bearish) and three white soldiers […]
Continue readingGann Line Forex Trading Strategy
The Gann Line forex trading strategy uses the Gann Line at its core in addition to the Moving Average of Oscillator. The Gann Line can be drawn by inserting a “Trendline by Angle” or by inserting a “Gann Line” directly when clicked through Insert => Gann => Gann Line as seen on MT4 platforms. Chart […]
Continue readingGann Grid Forex Trading Strategy
The Gann Grid forex trading strategy is a strategy that demonstrates the usefulness of the intersecting runs of Gann Lines blanketed on the activity chart. The strategy combines the Gann Grid and the MACD MT4 indicator. Chart Setup MetaTrader4 Indicators: Gann Grid (default setting), MACD (default setting) Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, […]
Continue readingGann Fan Forex Trading Strategy
The Gann Fan, trendline by angle technical tools, OsMA custom indicator and the exponential moving average (200) are coupled into one trading strategy i.e. the “Gann Fan forex Trading Strategy.” Newbies and advanced traders alike can adopt and implement this strategy with ease. Chart Setup MetaTrader4 Indicators: Gann Fan (default setting), Trendline by Angle, OsMA.ex4 […]
Continue readingSupport & Resistance Breakout Forex Trading Strategy
The Breakout.ex4 indicator is unique. What it does is to draw support and resistance lines over a time period of 5 days. Traders can then use these trend lines to either trade off the resistance or support lines, or trade the break of these lines. For this strategy, we will focus on trading off the […]
Continue readingRange Breakout Forex Strategy
Breakouts are areas where the price action has left the boundaries of consolidation to find new price direction. Areas of consolidation are found where the price is basically heading sideways. However, this consolidation also creates a different kind of trading opportunity. This opportunity exists within the boundaries marked by the indicator, as long as a […]
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