Use a 1-minute EURUSD chart for this day trading strategy, during the London and/or US session. The strategy is best applied between 3 AM EST and 1 PM EST. A failed technical turnaround occurs when a technical turnaround fails (read that article...
Learn about day trading forex with price structures using various time frames. To understand this article, please read the Price Structure Forex Strategy first. That article looks at swing trading price structures, while this article expands the same strategy to...
Use this strategy on the 1-minute EURUSD chart during the London and/or US session. I’d wait till the London session gets going, so the strategy is best applied between 3 AM EST and 1 PM EST. This strategy typically generates...
What time frame to use when day trading is an important choice, but there isn’t one definitive answer. The right time frame will vary by person, the strategy they use, and how they like to spend their trading time (relaxed...
The one-bar or one-candle trailing stop loss aggressively moves the stop loss as each bar or candle closes. This reduces risk quickly, locks in profits, and prevents holding through a pullback. Use from the outset of a trade, or once...
When day trading, set a maximum daily loss and loss-from-top limit to control how much is lost in a single day. We don’t want a single bad day to ruin our week, month, or year! When day trading, I recommend...
Many forex brokers offer trading via Contract for Difference (CFD) in oil, gold, the S&P 500, Dow Jones Indexes, and other commodities and financial products. These are based on futures contracts and don’t trade like currencies. These other products can...
A Renko chart forms bricks of a certain size, and only forms a new brick once the price moves that amount. This helps filter out price noise, see the dominant trend, and can be used as a trailing stop loss....
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