Saturday, March 22, 2014

Video


Swing Trade Forex Trading Strategy

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8 comments:

  1. BloggerSeptember 11, 2016 at 8:14 PM

    Hey Everybody,

    I've attached a list of the most recommended forex brokers:
    1. Best Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of the best forex instruments:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    Hopefully these lists are benificial to you.

    ReplyDelete
  2. BloggerSeptember 12, 2016 at 4:15 AM

    Hello Everyone,

    "Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.

    Are you expecting that I am going to say something like EUR/CHF on 10-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!

    The "DIFFICULTY" is that markets change over time. If EUR/USD was a well trending currency pair a few years ago, today it is another one.

    I actually want to let you know about a SPECIAL INSTRUMENT that I use to find the BEST TRENDING PAIRS among all the Forex pairs.

    START NOW: ForexTrendy

    The software scans 34 Forex pairs on all time frames from minute to monthly. This way you choose the best trending pair and time frame at the current time.

    GET THE SOFTWARE: ForexTrendy

    ReplyDelete
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Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
-----------------------------
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

gmt time to pst
gmt time to pst
gmt time to pst

Currency Strength Meter Indicator


Bullish Data

Bearish Data

Higher GDP

Lower GDP

Higher Inflation

Lower Inflation

Higher Employment

Lower Employment

Lower Unemployment

Higher Unemployment

Higher Consumer Confidence

Lower Consumer Confidence

Higher PMI

Lower PMI


When to enter the trade?

Pin Bar is highlighted by the elongated wick that ‘sticks out’ from price action. The picture below will show a pin bar in greater detail:

The_Forex_Traders_Guide_to_Price_Action_body_Picture_2.png, The Forex Trader's Guide to Price Action