Monday, November 13, 2006
Forex Day Trading System - Trade the 1 min. chart
Forex day Trading System - Trading the 1 min chart..
No, its not a fundamental announcement trading such as NFP or trade deficit etc..Its using technical indicators such as EMA (Exponential Moving Average), Bollinger bands and MACD..
You can replace MACD with RSI if you need..
Mind you trading with 1 min chart is scalping and you can't capture very high moves..Also, its not very popular for day trading, never the less there is still a system in place..So, you can learn this in forex trading online..
The average pips gained by this strategy is 5-10 pips...Also, the loss can be in similar range..
Tomorrow, I'll post the details on the trade setup and how to enter and exit this trade..
By the way, just to tell you, very soon I am going to start a series on using candlesticks more efficiently and how you can place better trades using it..So learn this to forex trade online.
Thats all in today's session.. visit again to understand more on this forex day trading system.
No, its not a fundamental announcement trading such as NFP or trade deficit etc..Its using technical indicators such as EMA (Exponential Moving Average), Bollinger bands and MACD..
You can replace MACD with RSI if you need..
Mind you trading with 1 min chart is scalping and you can't capture very high moves..Also, its not very popular for day trading, never the less there is still a system in place..So, you can learn this in forex trading online..
The average pips gained by this strategy is 5-10 pips...Also, the loss can be in similar range..
Tomorrow, I'll post the details on the trade setup and how to enter and exit this trade..
By the way, just to tell you, very soon I am going to start a series on using candlesticks more efficiently and how you can place better trades using it..So learn this to forex trade online.
Thats all in today's session.. visit again to understand more on this forex day trading system.
