Forex Trading Strategies

This Post is Very Special for online Forex Traders , It’s the most powerful Forex Strategies , it is from the king of Strategies Peter Bains it will be posted in 10 posts or more so let’s start and don’t waste time
Please pour over the 80 currency trading strategy items on the
checklist below that the big dogs use. You'll be glad you did. Please
pick up on the fact that you only need four tools to trade the forex
with, using my approach – "reading bars," MACD divergence, pivot
points, and trendline analysis. That's it. Nothing more! Plain and
simple. Don't let the naysayers have you believe otherwise. The
world is full of "Doubting Thomases" who are everybody's armchair
quarterback, but have never made a dime in this business. They "sell
shovels." They don't use them.

Currency Trading Strategy Number One:
When you are just starting out, strive to carve out 20 pips per
session, and that’s it. Then, turn it off, and study some more. When
you get really good at it, you can then “graduate” to higher returns.
So, set your goal at 20 pips and stick to it, until you are a grand
master at this wonderful “business” called forex trading. I stress the
word business. This is not a game, especially where your “hardearned
money” is involved.

Currency Trading Strategy Number Two:
Spend most of your time on the 15-min chart.

Currency Trading Strategy Number Three:
When you first start out in any particular session, look at the 1 hr
chart to get an overall perspective on trend from one session to the
next, and what it’s likely shaping up to be at the beginning of the
upcoming new session.

Currency Trading Strategy Number Four:
Only look at the 5 min chart if you absolutely have to see what’s
behind the current 15 min bar – especially where the bar is
elongated, and may have just penetrated a pivot point; in other
words, is price reversing course on the 5 min chart, which would
obviously not yet be reflected on the 15 min chart?

Currency Trading Strategy Number Five:
Don’t dwell on the 5 min chart, as it contains a lot of “noise” that will
whipsaw you to death.

Currency Trading Strategy Number Six:
MACD rules on the 15 min chart. Even if MACD is, say, trending up
on the 1 hr chart, if it is trending down on the 15 min chart, that’s
what you take your cue from. That’s not to say a shift in price
direction is not in the works. It just means it’s coming, but not yet.
In the meantime, you don’t want to miss what’s happening “in the
now,” which is what is reflected in the 15 min chart