Touch trading forex strategy

How does Touch Trading work? Touch trading strategies involve setting orders within a market based on a traders understanding of where price action is likely to occur. There are broadly two forms of touch trade, one where a trader looks to scalp several pips from a relatively significant support or resistance zone and the other […]

Trading with Bollinger bands

Bollinger bands are a favourite trading indicator used by many professional traders to spot profitable opportunities in the forex markets. Developed by John Bollinger during the 1980’s, Bollinger bands are drawn two standard deviation away from a simple moving average. The result is a set of 3 lines which move narrower and wider as price […]

Overnight trading

Trading forex overnight has received something of a bad reputation in recent years due to the perceived difficulties that traders face making profits once regional stock markets have closed. Not only does this mean having to reverse sleeping patterns, which will not always be possible for those working during the daytime, but the sluggish movements […]

The moving average bounce strategy

There are a number of moving averages which we can define as ‘authority moving averages’, those which the markets observe and where we witness the most price action. Several of these are the long-term, round number EMA’s, such as the 100 and 200 levels which a lot of forex traders use to determine if it […]

Trading recent new highs and recent new lows

Every trader knows the feeling when they spot a great trading opportunity but fail to take it, only for price to shoot off and create, what would have been, the perfect trade. Whilst there is no point focusing negatively on these missed trades, there are some scenarios where we can ensure that we are ready […]

Trading forex using the MACD

The moving average convergence divergence indicator (MACD) is one of the most powerful indicators available to forex traders. As a trend-following momentum indicator, it tracks the movements of two moving averages, the 26 and the 12 MA, before subtracting these in order to combine the resulting indicator line with a 9 MA  ‘signal line’ of […]

The 1-2-3 and Big W forex setups

Looking for reliable trading opportunities which happen frequently enough to generate consistent profits is one of the eternal quests of all forex traders. It goes without saying that one single set-up cannot be 100% reliable or everyone would be trading it and there would be nobody to provide a decent market for the trade. However, […]

Trend retracement strategies using Fibonacci

Trends can be seen on all currency pairs and all have the common feature that they experience corrections and, eventually, come to an end. Across all timeframes trends form an integral part of forex trading with many traders preferring to use the trend ‘as their friend’ when making individual trading decisions. The ideal strategy for […]

RSI confirmation forex trading strategy

The relative strength Index is a powerful tool used by forex traders to determine if current prices can be justified and in order predict future price reversals. As a momentum indicator, it has pre-emptive qualities and can be considered more useful than lagging indicators, such as moving averages, due to the fact that they can […]