I have posted below a couple of videos that outline how to trade forex from daily & 4 hour charts. This analysis was done on a Sunday, by Wednesday of the following week we were over 500 pips up on a demo account from the plans/traps that we set up.

At this point I must stress that under no circumstances should you take trades on a “live” account based around anything in the videos.
Their purpose at this early stage is to show you what we will be looking for.I stress in the videos that you need to have lots of patience if you wish to trade forex off the daily charts.
Often there will be no signals for days at a time and then suddenly 4 or 5 will come at once. You need to get into the “mindset” for this. Then we may decide to place an order, based on our analysis, to open a trade if price hits xyz.


There will be times when you get home all excited to see what you have made, only to find that the trade didn’t even open (price went in the opposite direction). Get over it.

This is all part of the psychology that you need to master to be able to trade forex successfully based around daily charts.
What we are aiming for is BIG moves. 200/300/400/500 pip moves are what we are looking for. Similarly the % of successful trades is usually lower when trading daily fx charts, BUT as we are looking for 2+ risk reward ratios we can actually be profitable with a success rate as low as 30%.

Heres the first daily forex strategy video;
You can adjust the sound & full screen modes with the "you tube" buttons on the bottom of the video:

YouTube - How to trade forex- daily charts. monday 24th august. v1

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YouTube - How to trade forex- daily charts. monday 24th august. part 2