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EUR/USD Institutional Trading StrategyHello, guys! It's been a while since last I posted here on TradingView. I'm today releasing into the wild my trading strategy, key levels, order arrangement and overall method for trading specifically the EUR/USD, as I've specialised on trading this particular market 24/5 now. This is basically my level fading strategy and method to trade the Euro-Dollar, based off major daily round figures (even numbers), only using limit orders as entries, and stops above or below intermediary daily round figures (odd numbers). This is a time-tested strategy, it takes a great deal of discipline and patience, it carries a substantial amount of drawdown and with impending high-impact economic releases (Fed/ECB interest rate decisions, NFP and so on), which often result in impulsive trending phases, this is deadly and it is not recommended. This works well for swing/position traders just like myself, and for the EUR/USD overall. Leave your comments on what you guys think about this strategy, its flaws and weaknesses, your experiences with similar range fading strategies, or any other kinds of feedback or questions that you might think of, I'll read every single one of them, that I guarantee. See you all around and good trading :)
E
by acsedward
What is impulse and how to make money on it?What is impulse and how to make money on it? Momentum is a sharp paranormal price movement in one direction or another, unusual for average daily fluctuations of an asset How to build zones from which impulse movement is most likely to occur? 1) The price is pushed back from the previously built level 2) There is an impulse movement in the other direction 3) Correction to the level, from which the price pushed a little 4) consolidation, consolidation below the level, from which there will be an impulse movement How it works? 1) the level above which the price consolidates and repels 2) Rollback from the price level at the moment 3) Impulse that breaks the level 4) We need to extend the level to understand where the key point will be 5) Fixing the price below the level 6) In anticipation of an impulse movement, at the very beginning of the movement, after fixing, we open an order *** Works in the same way in long What do you need to do, what to earn on this? 1) If you use impulses not all in a row, but the very first one after a trend reversal, then we have a chance to pick up all the movements, it all depends on your benchmarks, where you exit the market, according to your strategies. 2) Not every impulse level is the first, we estimate the situation from strong levels, from which the price can reverse 3) We focus on the opening of the session, the chance that the market will reverse at the end of the working day and give you less profit if it is at the beginning. It is important to understand: Price moves from level to level The price does not always fix directly below / above the level You can work both on the younger (m5, m15, m30, h1, ch4) and on the higher timeframes (d1, b1, m1) The older the timeframe, the stronger the level from which an impulse can follow During an impulse, funds are injected, a large player enters the market or a major player exits the market, stops-losses are collected, i.e. removal of market participants. Our goal is to follow a major player who leads the price and get profit from it
Education
by DeGRAM
2
DeGRAM | EURUSD changing the global trend?On the weekly timeframe, we see a breakdown of the strong resistance level formed in April 2008, the global downtrend lasted 12 years. In November 2020, the instrument breaks through the upper border of the price channel and grows to resistance, after which it returns to a correction to the border of the channel. The instrument was unable to update the local high and enters a retest, a movement immediately consolidating at the level, I think that there may be a deep false breakout and further growth towards the breakdown. I stick to the long-term target - the upper boundary of the new upward price channel. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
2
Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
4
Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
2
DeGRAM | EURUSD growth from levelLast week, the currency pair tested a strong support level, which had not previously been broken through, formed from the peak of March 2020. I suppose that the instrument will roll back from the level, with a possible trend change, but will there be a false breakout before that? The key target that interests me is the resistance at 1.235 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
8