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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,…
Support & 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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DPO Forex Trend Line Strategy
The DPO (Detrended Price Oscillator) forex trend line strategy is an easy-to-use strategy that deploys the DetrendedPriceOscillator.ex4 indicator. This indicator works primarily as an oscillator, gauging areas where the market is overbought or oversold. As such, it can be used to trade based on extremes of price movement. However, we shall introduce an interesting way […]
Continue readingDeMarker Divergence Forex Strategy
The DeMarker forex trading strategy is forex strategy that utilizes the DeMarker.ex4 forex indicator. This indicator functions like an oscillator and is able to detect oversold and overbought conditions. It can also be used to trade divergences. The strategy described today is the divergence strategy with the DeMarker indicator. Chart Setup MetaTrader4 Indicators: DeMarker.ex4 (default […]
Continue readingLondon Box Breakout Forex Strategy
The London box breakout forex trading strategy is a trading system which uses the customized box breakout indicator to capture price breaks during the London session. Chart Setup MetaTrader4 Indicators used are: Box Breakout.ex4 (default setting) Fisher.ex4 indicator (displayed as FX-Fish Mod.) (period set to 10) Preferred Time Frame(s): M15, M30, H1, H4 Recommended Trading […]
Continue readingGartley Pattern Forex Trading Strategy
This forex strategy is based on the Gartley trading pattern. The Gartley pattern is also called the XABCD pattern. The “XABCD” represents the 5 key points from where lines can be traced to form the characteristic “W” and “M” shapes of the two Gartley patterns. The Gartley pattern has a bullish as well as a […]
Continue readingShooting Star Forex Strategy
The Shooting Star forex strategy is made up of one reversal candlestick pattern and one exponential moving average for trend direction. This is a great reversal strategy used to trade short-term rallies found in a bearish market. The shooting star pattern is made up of one candlestick with a small body and little or no […]
Continue readingHammer Candlestick Forex Strategy
The Hammer candlestick is considered to be a bullish reversal pattern. It’s made up of 1 candlestick with a small body at the top and a long lower wick. The Hammer candlestick forex strategy explains how to use the Hammer candlestick in uptrending markets. Hammer Candlestick Setup Chart Setup Indicators: 100 Period Exponential Moving Average, […]
Continue readingDark Cloud Cover Forex Strategy
What is a Dark Could Cover pattern? A Dark Could Cover pattern occurs when a red bearish candlestick (close price below open price) on day 2 closes below the middle of day 1 bullish candlestick (close price above open price). We will be using this pattern to sell rallies in a bearish currency market. The […]
Continue readingForex Piercing Line Pattern Reversal Strategy
Here’s a simple short-term forex trend reversal strategy based on a Piercing line pattern. A Piercing candlestick pattern occurs when a green bullish candlestick (close above open) on the second day closes above the middle of the first day’s bearish candlestick (close below open). Piercing Pattern Setup Chart Setup Indicators: 100 Period Exponential Moving Average, […]
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