Kaufen Billig Premnitz (Brandenburg): Pullback Definition ...

James Stanley's "Fingertrap" Scalping Strategy (also good for longer term trading)

I posted this elsewhere a while back, but I thought I'd put it in /forex and not on the blog, because it's my absolute favourite tool in all of Forexland.
James Stanley is a (very good) trader and educator at DailyFX (Twitter: @JStanleyFX). He's also very friendly and helpful on Twitter if you have serious questions.
Here's the link to the original article but what I'm going to do is explain it in a little more detail, show you how James uses it, and then explain how I use it for finding entries on longer term trades and breakouts.
There's also this helpful video you can watch: http://www.youtube.com/watch?v=RrxOiAhIlaQ
Right, so before I explain what it is, here's a checklist for WHEN the Fingertrap strategy is effective:
If the answer to all those questions is yes, you're ready to go:
1: switch to an hourly or 2hr chart, so you can see what movement on the day is like. You should be able to spot a strong directional bias if there is one, and you may have already done analysis to find important support and resistance.
2: Add two indicators: an 8 period EMA (Exponential Moving Average) and a 34 period EMA. I don't know why those numbers, and different combinations might work better on different pairs (EUJPY tends to throw a lot of false signals with this, as does gold, so it's worth experimenting). We use EMAs and not SMAs because they respond more quickly. Here I'm looking at EUJPY on 2hr chart, on 26 April 2013):
http://i.imgur.com/9wqd36U.png
3: Is price clearly above or below BOTH moving averages (eg. it's a downtrend and price is below both, or an uptrend and it's above) AND has the 8 EMA crossed over the 34 EMA (crossed to the downside if you're looking at a downtrend). These two factors are a strong confirmation of a trend, if you need one.
4: Once you have confirmed that a trend is in place, switch to your preferred scalping timeframe. I usually use 5m or 1m charts. You'll now see that the 8EMA (which is the only one we're looking at from now on) hugs the price quite closely.
5: If we're in a downtrend, what we are looking for is for price to ideally break through some kind of support, and then to rebound to the 8EMA. It can push through it, even close a whole candle above it, but should eventually move back down below it.
This is your signal to enter short. As you can see from the chart below (same time, 5m chart), it's essential that you determine that there is a trend first and not just some jumping around.
http://i.imgur.com/pvjgeKg.png
6: The idea is to use relatively small trade sizes, and scale in and out of the trade rapidly. When price extends quite a bit away from the 8EMA, that's the time to take partial profits, wait for a rebound to the 8EMA, and then enter again.
7: The game ends when the 8EMA crosses the 34EMA again, and price is on the other side of both of them
The idea is that, even with strong moves, there are quick pullbacks. This strategy helps to give you an edge in determining where those pullbacks are likely to stop. It's not perfect, but no strategy is. The point is that it gives you a higher probability of entering at a good time (buying relatively low, or selling relatively high), and it also means you can have a lower risk entry (being closer to the last swing high).
Now, I don't get to do a lot of scalping because I have a day job, but I do use this for breakouts, and just any regular old entry as a matter of habit (unless I'm doing a fairly long term trade and 10 pips either way doesn't matter that much to me).
What I will do is wait for a breakout or a strong move in the direction I want. Then I put my Fingertrap template on, and wait for price to "reload" to the moving average before getting in, placing my stop above a nearby swing high. My stop will always be placed while thinking about how long I plan to hold the trade. If I'm looking for a move in GBP/USD from 1.56 down to 1.50, I'm not going to place my stop above the nearby swing high on the 5m chart - I'm going to place it around 1.5650. So you have to use your discretion obviously.
For example, I will be watching EUUSD very closely for a break of 1.3000 or 1.2950, and then employ it from there.
For scalping, the nearby swing high is definitely a good place to put it - if the trade goes that badly away from you, you definitely want to be out.
Give it a try, and let me know if you find it to be helpful! Let me know if you have any questions.
submitted by NormanConquest to Forex [link] [comments]

Comprendre le PULL BACK en BOURSE en 3 minutes - YouTube Forex Trading Pullback Strategy by Darko iFXsuccess - YouTube How To Trade Stocks ( 1 Minute Pull Backs) - YouTube Que es un PullBack (Forex) Forex Trading Was ist ein PIP & LOT🔍? Wert Berechnung ... Trading Pullbacks on Forex How I Traded London Close and Pullback - 65 PIPS Pullbacks In Forex - Don't Get Crazy Here - YouTube

Saturday, 25 February 2017. Pullback Definition Forex Pip Forex Pips Definição - O que são Pips A palavra pips é um acrônimo para a porcentagem no ponto, às vezes também chamado de ponto de juros d... Pullback definition forex pip October 20, 2017 Pips are the most basic unit of measure in forex trading. Understanding Their Effects The effect that a one-pip change has on the dollar amount, or pip value, depends on the number of euros purchased. Definition of A Pullback. A pullback is a temporary reversal of the current trend, either up or down. You see, the price action in the forex market moves like a wave: in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop…then price rises up again going past its previous higher high. in a downtrend market, the ... Pullback Definition Forex Pip. BREAKING DOWN Pip Ein Pip variiert, je nachdem, wie ein gegebenes Währungspaar gehandelt wird, ist es möglich, aber selten, in Halbpip-Schritten Preis. Der Wert eines Pip kann je nach Währungspaar und Preiskonvention scharf unterschiedliche Werte aufweisen. EURUSD vs. USDJPY Der durchschnittliche Wechselkurs für den Euro gegenüber dem US-Dollar im Jahr 2015 ... A pullback describes price action when there is a tendency of a trending market to retrace a portion of the gains before continuing in the same direction.. It is is a temporary pause or dip in an asset’s overall trend.. The term is sometimes used interchangeably with “retracement” A pullback is a short-term move in the opposite direction of the longer-term trend, which can offer an ...

[index] [20110] [24736] [1372] [5194] [19803] [8762] [29203] [18261] [18804] [21936]

Comprendre le PULL BACK en BOURSE en 3 minutes - YouTube

🎁CLIQUE ICI pour augmenter tes revenus grâce à notre Nouvelle FORMATION BOURSE OFFERTE ️ http://alti-trading.fr/formation-offerte ↓ PLUS D'INFOS ↓ Le PULL B... Trading pullbacks in Forex can be a good idea if done right. At No Nonsense Forex, there is only one way to do it properly. Discard the rest. Your bottom lin... In this video, Darko will show you exactly how we trade a Forex pullback. This is a strategy that we have used in the Coach’s Corner for many years, and an approach that allows us to take on ... Was ist ein PIP & LOT🔍? • Forex Trading erklärt für Anfänger (Deutsch) Zur gezeigten Handelsplattform im Video*: https://bit.ly/2vTATYP 🤓 Wissen und Tradin... BÁSICOS DEL PIP - Por Claudia Bijman - Duration: 8:14. ... 💎Curso Intensivo De Forex 🔴PullBacks👉Teo Zuñiga⚡️ Master Trader⚡️iMarketsLive - Duration: 43:47. Off 11,029 views. 43 ... This is a very transparent video that goes in to great detail about trading 1 minute pull backs. Here I have covered very valuable information in a small per... Forex Trading: The Pullback Trade Mastery Lesson Part 2 - https://thetradingchannel.org/pullbacklesson2VIP EAP Mentorship Program - https://eaptrainingprogram.c... PIP TRIGGER System Full-time Forex Trader. 50 PIPS a Day is a Good Day. Please make Skype contact for a FREE session. Skype - Forex_Nelson Invite https://joi... Is it smart to trade on pullbacks? If so, does that style work on Forex? We find out in this week's video. Sign up for the email list here: https://scottwels... +18 Pips PullBack Entry GBP/USDForex Scalping Strategy - Duration: 94 seconds. 42 views; 4 days ago; 2:28 +9 PIPS USD/JPY TRADEForex Scalping Strategy - Duration: 2 minutes, 28 seconds. 26 views ...

https://binary-optiontrade.noncaci.tk