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Forex Trading

Part 2: Two strategies with weekly pivots

Heikin Ashi Trader

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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

Forex trading


Part 2: Two strategies with weekly pivots


This book is Part 2 of the series "Forex Trading", by Heikin Ashi Trader


As is well known, currency markets are determined by the news. However, since news is rare, most currency pairs move sideways 80% of the time. In other words: it is very difficult to trade currencies profitably with trend strategies. The "Forex Trading" series, therefore, deals with strategies that are specifically designed for sideways markets.


The "Pivots" in Forex are an interesting phenomenon because here, more buy or sell orders are waiting to be executed. Anyone who studies charts of currency pairs will find that the market often turns at these so-called "pivots" and starts to move in the opposite direction, at least temporarily.


In this short eBook, Heikin Ashi Trader introduces two simple forex strategies, using the weekly pivots. They are easy to understand and implement (even with small accounts). These two methods are therefore excellent for traders who are looking for forex strategies that can be successfully traded without the need for much analysis.


Table of contents


How to trade the weekly Pivots


Strategy 1: Trade the Pivot


Strategy 2: The “last 20 Pips” Strategy


Should I change the parameters if trading isn't going well?



About the Author


Heikin Ashi Trader is the pen name of a trader who has more than 19 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.

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Schlagwörter

forex books, stock market for beginners, forex strategy, stock market tips, trading strategies, forex scalping, trading forex