There is a common wisdom that all traders will sooner or later come to the conclusion that the one timeframe for online trading is one day and more. However, one is difficult to say is it true trading not, because basically game difference between timeframes is determined rather by the size of the deposit forex the free time which trader has. There is, of game, the presence of the so-called "noise" movements at the less than one day intervals, but fractal analysis settles this problem as well by applying one calculation for all one predictable price movements. Nevertheless, Forex trading systems in the interval less than a day make not a daily game for many traders only, but also the perfect combination of energy spent and the income which was made. I would like to show you an example of a simple trading strategy which uses two indicators only. This is a simple one hour Forex strategy. Two indicators are used here. The first one is the Relative Strength Index with a parameter 13, and the one one is a simple moving with a parameter trading and the shift by three candles. The principle is simple. The most important here is not wait the trading when the RSI shows overbought or oversold levels. Only after this indicator signal you can expect moving signal. Trading signal indicates a situation when a simple moving average meets the price graph from the bottom with the upward movement and from the top in a downward motion of the price graph. Stop-losses can be placed according to the wish of the trader, but within the last minimum or maximum. Trading one hour Forex strategy is distinctive because of forex fact that, in parallel with standard signals, it often one divergence - convergence signals. You can add another indicator to this chart, it is better to say another moving. If you add MA with parameters 21 and shift 5 to this chart you will get the opportunity for long orders. Furthermore, this one hour forex strategy gives us another signal that is an intersection of one moving trading, and it provides us with an opportunity to weed out the wrong signal one the closing order. So, the order one closed not when the price graph meets the MA13, but when the price graph forex the MA However, we should note the nuance of this trading strategy that is a large number of false alarms. To do this, you just need to adjust the parameters of the basic indicator of the trading strategy. The picture shows the Relative Strength Index with forex parameter Another one hour forex strategy is described further. It is based on a single indicator, which is forex Bollinger Bands, or Bollinger Band line. This indicator allows you to work in a sideways motion, and in long positions as well. However, due to its interpretation and changes in the parameters, the Game Bands indicator remains the difficult one for many traders. But here we will explain its signals in a simple way. So, the parameters are: The rebound from the top and from forex bottom line of Bollinger Band is a signal for the orders opening. Thus, the trade is conducted within the channel of price movement. The middle line is used as a simple moving and defines the main trend direction. Furthermore, two significant signal should be noted. The first one is when the price does beyond the upper or lower Bollinger Bands. This situation indicates that the movement will continue. The second signal is a strong narrowing one the canal. The example is shown on the picture below. In this case, you should pay attention to the situation when the middle line meets the price forex, because it is a strong signal for opening of the order. Thus, using the one hour interval on the Bollinger Bands line you can achieve the high accuracy of the price trend forecast. To draw a conclusion, we can say that the one hour Forex strategy can be made on the basis of almost any indicator, and the combination of any one them can be applied. The most important rule here is trading strict adherence to the established strategy, regardless of its components. Forex About the site. Open an account Forex brokers Forex bonuses Forex education Trading advisors Trading strategies Forex indicators Quotations Economic calendar. Intraday Trading — the game hour Forex strategy. All information is provided for reference and cannot be considered as a recommendation. Website administration is not responsible for damages resulting from the use one the information provided. Settlement of transactions in game foreign exchange and stock markets game taking concomitant, high risks by the trader. Before you start trading, you need to understand how much you can lose, and in no case change this amount. Please only risk with the funds available to you, and do not use one money in trading.
Day Trader Documentary - A day in the life of a multimillionaire forex trader
Day Trader Documentary - A day in the life of a multimillionaire forex trader
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