Typically the forex market moves in waves and these waves are what is known as swings. You may be thinking that there are so many swings in a chart and is it possible to trade them all.The answer is NO. If you take a close look at the swings, you bet find that most of them do not move by a lot of pips. Therefore today I will be fprex to you the time that I often trade forex swing traxing it is also the time where there ttrading bigger movement in price which makes it more profitable to trade. Basically a swing is made up of a V or N shape Hi Friends,I am akdica to share with you one of the simplest trading strategies you could ever come across.
I assure you that if you follow this strategy exactly as explained here and also adhere to few basic rules and instructions, you will never have a losing week or a month (there could be few losing days once in a while). So if you are ready for it, here it goes-Indicators -Simple moving average 200 (for direction)Simple moving average 10 (for entry)Time frame- Any.
Works on 5 min, hourly and daily charts. The first step is to watch the daily chart and check the 8 and 21 day EMA as an indicator of trend direction. As can be seen in the video price has broken below the 8 and 21 day EMAs. Price then consolidates after breaking down through the EMA support.Next, I zoom down to the 1 hour chart and I vest looking at the 150 and 35 EMA here. We have previously decided that the daily trend best forex swing trading strategy kadica down so we can enter sh.