Page 8 | Forexsignals — Trading Ideas on TradingView

How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work. Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~ 185 EMA This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings. Fibonacci lines and extension These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke. Trend lines and horizontal support & res Important textbook trading skills that should line up with my other indicators and fiblines. EAG YUME WAVE Indicator Watching for the twist and then watching for if the Miaku can provide support on the downfall. Volume + MA Volume in traditional markets can help us confirm where potential bottoms are with good buy backs. Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation! If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055 A follow and a like would be greatly appreciated for my time :D ~Xander

Strategy for B.O 70-80% of Profitable trades.Statistics for24.04 Hello Friends ! report for 24.04, traded on EUR-USD -0.06% Timeframe of 5 minutes . My working time frame 5 minutes trading plan day at least 5 + . I work as a fixed amount of the transaction without the participation of "Martin" Results of the day for 5 hours of trading 7 + 1-with the return of the asset 80% net profit was 5+ The plan for the day fulfilled. below is a screenshot of the graph . 24.04 read more about the rules of the strategy. Scalping strategy working timeframe not lower than 5M (15M,30M) gives 10-15 signals per working day on one pair on average . is in currency pairs EUR / USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . as well as other currency and crypto pairs. Expiration time = (1 candle) Detailed description can be found below . How to choose the right entry point . False signal. How to act. Wishing to test strategy write. I'll give you access. and will also help to understand . I also conduct training on binary options trading

The Dilemma With Technical Analysis- USDJPY This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases. We have the 50 fib bounce and the trend line break suggesting a higher USDJPY while on the other hand we have a head and shoulder pattern and also a 50 fib bounce suggesting a lower USDJPY. So which way will the market move? This is where knowledge of the fundamentals will prove beneficial, analyzing the fundamentals can help in deciphering which way the market will most likely go. Understanding what is driving the USDJPY and what the market is currently focused on combined with the technicals is one of the safest ways to trade. Now for this trade if you are trading based on the technicals it would be best to wait for the USDJPY to break above or below the broken lines in the chart before looking to place a trade. If you understand how to read volumes then you can base your entry on signs of supply/demand.

Simple profitable trading strategy!!I am posting this chart in order to show you how easily you can take profit of the market if you keep the analysis simple. You don' t need many indicators that could make you confused. In other words KEEP YOUR CHARTS CLEAN. Then you would be able to understand in depth what you cant see in a messy chart. As you can see, first we have a strong bearish move. So then we expect a retracement that is placed exactly at 0.38. Now i want to show you the importance of 1.2 fibo extension. In my opinion it is the most important level. It is clear that the price is always lookng for that level before having a retracement. When the price is above MA50 we expect it to reach 1.2 fibo extension that could be your target level as well. DON'T FOERGET. KEEP YOUR CHART CLEAN. Thank you for your time!!