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DAY TRADING STRATEGIES |
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Day Trading Strategies For Forex And Stock Index |
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| Forex Day Trading Strategy. Which One Is The Best For You? |
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By
Franck Silvestre  |
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Many currency exchange traders have developed their own forex day trading strategy to ensure their success in this field. However, there is no general method or rule that can be conceptualized since currencies are greatly dependent on the condition of the market on a "per day" basis. Hence, to develop the best forex day trading strategy possible, it is essential that you understand these 3 different strategies that the industry experiences. 1. Slow Trending Day The market experiences a slow trending day when the price of currencies start at 200ma, extends no greater than 20pips, then retraces to 200ma within the same trading day. This situation often leads to a normal trending day. Knowing this, you can adjust your strategy correspondingly. Bear in mind that it often indicates stability of the currency's value. 2. Normal Trending Day The market experiences a normal trading day when the price of the currency starts slightly above or below 75ma, extends a little, then retraces to 75ma.This indicates that a particular currency is stable and shows the least signs that you should adjust yourpositions. 3. Fast Trending Day The market experiences a fast trending day when the price of the currency is slightly above or below 21ema, ascends or descends, then reverts back to 21ema. This will indicate bullish movements of the factors affecting the currency's mother country. Such movements can be for the better, or for worse. A closer study of the trends in the currency's motherland is needed to determine the next course of action. 4. Big Range Day This is when the highs and lows of the subject range are 20pips apart. It indicates instability in the currency. Again, this may be good or bad. Your strategy should be flexible enough for any eventuality. Your forex day trading strategy should be anchored on vigilance, flexibility and caution. A news daycan be a window to great things, or it can be a hole that will make your entire portfolio crumble. Visit Franck Silvestre, Forex Killer Software website where you find many Forex Entry Signal, articles and advice. Plus sign up for his powerful Free Forex tips newsletter now at: http://www.ForexTradingLandpro.com Article Source: http://EzineArticles.com/?expert=Franck_Silvestre |
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General Description | ||||
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Fundamental and technical analysis can help in predicting the next/future direction of index, currency or stock price movement. But, no fundamentals/technicals result 100 % accuracy,...more. |
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The Strategy Map | ||||
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Day trade strategy below can help in understanding whether the strategy support the fundamentals or againts them and the strategy can be used as a consideration to day trade more carefully....more |
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Behavior Of N225 Futures | ||||
| A ↑ .......................................................... Price X1 B ↓ .......................................................... Price X2 C ↑ .......................................................... Price X3 D ↓ .......................................................... Price X4 E Explanation :...........more. |
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Special Behavior Of N225 Futures | ||||
| Special One | |||||
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If the previous close of the index was at the area of B or C and todays opening price appears at the area of A (the opening price is above but near the price of X1), in this moment, usually, the index has very stong buying potential ......more. |
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The Formula | ||||
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To obtain the price of X1, X2, X3 and X4, there are some index/forex varibles needed as inputs for the formula....more. |
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