The following is a simple forex strategy I got in youtube. This uses bollinger bands and moving averages. The strategy is nice and as per the author of the video this strategy consistently makes money with no losses. Check it.
Trendline Breakouts
October 2, 2010 By 2 Comments
This is a two video series which explains a particular strategy based on the breakouts of outer trendlines. According to the strategy whenever there is a trend there are inner trendlines and outer trendlines. The author asks to wait until the price drops below the outer trendline that means the actual breakout occurs. Actual breakout means the price actually drops below the last trendline where there is no other trendline below that.When this actual breakout occurs which is also called the initial break out don’t enter the trading immediately as the price pulls back to the outer trendline and retests the trendline. Once the price retests trend you need to
to look at the former support levels and then enter the trading. The author is also recommending to look at other techniques like
the Fibonacci levels, 123 patterns etc at this point. Make sure you watch the full video as the author is explaining the trading entries at the end of the video.
In the second video the author is giving some live examples of this technique. Check this video also.
Elliot Wave Theory
October 2, 2010 By Leave a Comment
This video explains the basics of Elliot Wave Theory. It explains the history of Elliot Wave Theory. According to Elliot Wave Theory the market consists of upward and downward swings in the same repetitive patterns called “waves”. When the market is trending it goes in a 5-3 wave pattern in which the first 5 wave pattern is called “impulsive waves” and the last 3 wave pattern is called “corrective waves”. This video also shows some real time examples also for different currency pairs.
Using Stochastic Oscillator With Multiple Time Frames
May 30, 2010 By 1 Comment
The following is an interesting video I got in youtube about using stochastic oscillator with multiple time frames. Multiple time frames mean daily chart and hourly chart. Open daily chart and place stochastic oscillator on that with levels 30 and 70. If the trend is downwards the daily chart shows the stochastic oscillator moving averages go downwards from 70 to 30. At this point we have to enter sell trades in hourly chart based on the stochastic oscillator. So how can we enter sell trades in hourly chart? In the hourly chart if the price reaches the overbought region that is stochastic oscillator moving averages are above 70 line and at this point the moving averages crosses each other and trying cross below the 70 line enter a sell trade. Wait until the stochastic oscillator moving averages in the hourly chart reaches the oversold region or until the moving average lines cross each other and close the trade. Check the following video.
The following is the analysis I did for EURUSD currency pair.
1) The following is the EURUSD daily chart and I highlighted the region where stochastic oscillator was going down from the overbought region to the oversold region. I highlighted the only the region where the stochastic oscillator was trying to cross below the 70 line and was trying to cross above the 30 line.
EURUSD Daily Chart
The following is the EURUSD hourly chart for the same time of the above daily chart and I highlighted the regions where stochastic oscillator was moving from the overbought region to the oversold region and I also written down the number of pips. As you can see it is working. I have verified for other places and also other currency pairs and it is working good. Check yourself and let me know if this technique helps you.
EURUSD Hourly Chart
Fractals and Trendlines video
January 17, 2010 By 1 Comment
This video explains a forex technique that uses fractals with trend lines. The author is using fractals to draw trend lines. He is also using nearest resistance as a take profit and the stop loss well below the fractal where the fractal is below all the other fractals.
He also used stochastics where the stochastics was showing a divergence. It looks like it he is also using fibonacci to estimate the reversals. Check the two videos. May be you need to practice a lot before using this technique.
The author is saying that the win percentage for this technique is 80%.
Average Directional Movement Index Trading Lesson
January 15, 2010 By Leave a Comment
This video explains not everything about ADX indicator but some important concepts about ADX. We learn a very important thing from this video. In Low volatility ADX will go down. If the ADX reaches the numbers 11, 12 or 13 that means there is a very low volatility. The low volatility on the ADX means there is strong trend move in any direction is coming forward. It won’t say in which direction the market trends but there is a strong trend is going to come. Check the following video.
Parabolic SAR video
November 29, 2009 By 1 Comment
SAR stands for stop and reverse. Parabolic sar is used to trade signal to signal. However if we go for all the long and short trades based on the signals we may lose money. The idea behind SAR is to identify long term trends and take advantage of them. This video shows you how to use parabolic SAR indicator along with other techniques like trend line break outs etc for forex trading. The author of this video asks to identify crossovers of the new highs or new lows before entering the trading. According to the author use break outs along with SAR for forex trading.
Moving averages technique video
November 29, 2009 By Leave a Comment
This video shows a moving average technique. The author of this technique is using three moving averages 10, 25 and 50. This technique is mainly for 15 minute chart and for any currency pair it works. I have verified this techniqe by drawing the moving averages the author is recommending and it looks like it is working. I haven’t really tested this technique but I will test it in my demo account. The author is also recommending money management when using this technique. He is also recommending to use support and resisnce lines and take profits accordingly when using this technique. I liked this technique very much and I would like to share this with you.
How to use momentum indicator in forex trading – video
November 28, 2009 By Leave a Comment
This is one of the very good video on a forex indicator called momentum indicator that I got today and would like to share with you. I almost don’t know how to use this indicator until I watch this video. Momentum indicator is a leading indicator. Momentum measures the rate of change in the closing prices for a currency pair. It is often used to defect weakness and likely reversal points. High momentum readings occur when a trend is at its strongest. Lower readings are found at the start or end of a trend.
This video shows you how to use this indicator in forex trading. It also shows you
- what it means when it statys above the 0 line and below the 0 line
- when to take a momentum forex signal
- how to use it with trend lines
- how to use it with patterns like head and shoulders, double tops etc
- how to use it for divergences in price actions
- when to take profits on strong divergences and trend line breaks
- when to buy and when to sell using this indicator
There are many other things also you can learn about momentum indicator using this video. Check the video.
MACD indicator videos
November 28, 2009 By Leave a Comment
MACD is one of most popular technical anlyis tool in forex trading. The following is a MACD video series consisting of two videos. In these videos the author explains how to use the MACD indicator.
The author also explains the following.
The most common formula for MACD is 12,26, 9 formula.
MACD is made up of the difference between the value of 12 day and 26 day exponential moving averages.
Then a 9 day exponentail moving average of the MACD is superimposed as the siganl line.
The author explained the three MACD ignals from three sources which are MACD / Signal Line Crossovers, MACD Centerline Crossovers, Divergence with price.
MACD Video 1:
MACD Videos 2:
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