Forex trading strategies for serious traders that work - PowerPoint PPT Presentation

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Forex trading strategies for serious traders that work

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3 Forex trading strategies for serious traders that work presented by The Forex Secret – PowerPoint PPT presentation

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Title: Forex trading strategies for serious traders that work


1
3 Forex Trading Strategies For Serious Traders
That Work!
  • The Forex Secret

2
  • Forex Trading Strategies Using Indecision Doji
    Candles As Breakout Trading Setups
  • This is one of the most overlooked and
    underestimated Forex trading strategies!
  • There are many definitions for a Doji candle
    you can probably find over 10 variants! I am
    going to stick with the generic definition here,
    which I think works best.
  • The indecision Doji is the one I trade its
    a very simple to understand signal, and extremely
    easy to spot on the charts too.

3
  • Forex Trading Strategies Using Indecision Doji
    Candles As Breakout Trading Setups
  • An indecision Doji candle has a small centered
    body, with wicks protruding out both ends of the
    body.
  • As the title suggests, this candlestick pattern
    represents indecision.
  • The market is communicating to you that it tried
    to move higher,
  • And it tried to move lower, but ultimately
    closed off back around the opening price.

4
The Flag Pattern A Trend Continuation Strategy
5
The Flag Pattern A Trend Continuation Strategy
  • In my opinion, flag breakouts are one of, if not
    the best Forex trading strategy for trending
    markets.
  • Because of the simple nature flag breakouts
    are another overlooked gem, usually because Forex
    traders are always chasing the more complicated
    methodologies!
  • Like always, flag breaks work well on higher time
    frames but Ive even seen them work well on
    charts like 1 hour time frame!

6
Here is my to the point breakdown of what flag
patterns are, and how I trade them
  1. A trending structure must be in place.
  2. A counter sloped, trend line develops against
    the existing dominant trend (the flag line)
  3. The flag line breaks in the direction of the
    trend
  4. Trade the breakout candle

Lets look at an example.
7
The Rejection Candlestick Reversal Trading
Strategy
8
The Rejection Candlestick Reversal Trading
Strategy
  • The rejection candle is one of my most utilized
    candlestick pattern signals.
  • The anatomy and concept is similar to the classic
    Pin Bar which is the most engaged topic of
    interest in all the price action discussions, and
    communities online.
  • Rejection candles are a candlestick pattern that
    communicates denial of higher or lower prices.
    The market tries to move to an area, but it
    rejected by the market.

9
Thank You
  • The Forex Secret
  • candacethomas728_at_gmail.com
  • https//theforexsecret.com/
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