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 […]
Continue readingThe 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 readingThe pinbar forex strategy allows you to trade forex without lagging indicators, just pure price action. The strategy consists of the famous pinbar candlestick and a simple trend line. Instead of identifying pin bars yourself, use the pin bar indicator which you download below. It will save you time. Chart Setup Indicators: PinBar Preferred time […]
Continue readingProfitable forex scalping with trend lines and the Stochastic oscillator. Can it be done? Yes! Chart Setup Indicators: Trendline, Stochastic Oscillator Preferred time frame(s): M1 Trading sessions: Euro, US Preferred Currency pairs: Medium to high volatile pairs Download Download the Forex Scalping Strategy With Trend Line Indicator And Stochastic Oscillator. Example: GBP/JPY 1 Min Chart […]
Continue readingThis indicator is called the trendline indicator. It’s an advanced indicator that comes with break out levels and probable break-up and downbreak targets. Trading Signals Buy signal: Wait for a price break and close above the green horizontal price line. Sell signal: Wait for price break and close below the red horizonal price line. Probable […]
Continue readingThis indicator is called the PowerupSlidnglines Indicator. The indicator finds powerful trendlines on any time frame and draws them directly on the chart. How to use In up trends: look for buy signals near the support trendline. In down trends: look for sell signals near the resistance trendline. In range-bound markets: look to buy near […]
Continue readingScalping with pin bars. How can we do it properly? Here’s a simple yet effective strategy to use pinbars in combination with trend lines to scalp several times a day for 10 pip profits. Scalping Setup Indicators: Pinbar Preferred time frame(s): 1 min Trading sessions: EURO, US Preferred Currency pairs: EUR/USD, GBP/USD, USD/JPY, NZD/USD, USD/CAD, […]
Continue readingDon’t know how to draw trend lines on your forex charts? The advanced trendlines indicator will help you out. It automatically draws support and resistance trendlines on the charts for all currency pair. Upward sloping trendlines indicate bullish price actions. On the contrary, downward sloping lines indicate bearish price action. General Assumptions Upward sloping trendlines: […]
Continue readingA lot of traders still don’t understand how to draw a strong high probability trend line. They can make the difference between great profits and great losses. Trend lines tend to be more reliable on the bigger time frame’s such as the 4 hour, daily and weekly charts. Here’s my little guide on how to […]
Continue readingOne of the most powerful analysis tools used in forex trading are trendlines. You have two types: upward sloping trendlines and downward sloping trendlines. This strategy shows you how to trade trend reversals using violated (broken) trendlines for both long and short entries including stops and price objectives. 1. Understanding the basics Upward sloping (rising) […]
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