Comments on: Free Forex Strategies

By: Christopher Kirkness

Christopher Kirkness — Thu, 22 Sep 2011 11:22:59 +0000

Appreciate your help. Please also keep in mind – I am new at this area, so probably it will take time for me to catch all the important data mentioned – but I will keep tracking it..

By: Marc

Marc — Mon, 29 Jun 2009 13:50:52 +0000

Hi Herlina, the example in the article was on 15 minute $/chf, but the strategy is the same with all pairs. Price normally breaks out of the range and then reverses back in (fake out - happens lots of the time and people lose big time). when it reverses back in to the range this is known as a pullback. Have a look at this article for an example of a pullback http://forex-fxtrader.com/blog/potential-400-forex-pips-gbp-monday/thing then is to look for clues as to where it may bounce and break out again. this could be fibs, a psch level (whole number) or emas. i use 5, 21, 34, 55 & 200. 200 being the most important. to see how i use emas, check out the free lessons on the main site www.forex-fxtrader.com. the guy on tsl that i mentioned, he waits for the pullback. then a break out again which goes 5 pips + spread, beyond the 1st break out. Sometimes this strategy works a lot. This morning I had a loss on gbp/$ as it didn't ! marc

By: lina

lina — Mon, 29 Jun 2009 11:13:02 +0000

hi marc,
i’m interesting in your asian breakout system.
i also have tried a system like this one, but the false signal is too much

about your system, what pair did you use ? usd/chf ? what do you mean about the pullback ?

correct me if i’m wrong.
the indicator is ema 34/55,ema 200. time frame 15m chart.
stop loss = 15 pips above the high / 15 pips below the low.
target price ?
and when should we enter the trade ? at specific hour or let it flow until break one of the emas ?

hope you wouldn’t mind to share it with me..
thanks marc.