Forex Trading Strategies

Happy New Year 2016 to everyone. Hopefully this year could bring more happiness, good health and prosperity.

Enjoy your holiday.

Happy belated Christmas. Merry Christmas. Hope you enjoy pips.

Forex Market is open during holiday, but the volume is not so good. We suggest you to take a holiday during Christmas & new year holiday. We close all the trades on December 17, and stop trading.

We will do first trading on 4 of January.

The reason is because the forex volume is low, and it is very common non following technical analysis. if we kept on trading, it may lead to serial losses.

So Enjoy your holiday. 🙂 Wish you a wonderful Christmas & New Year.

GBPUSD is making a “Head and shoulder” pattern before it drops. It is breaking the trendline again. Downfall may continue.

Again, stop loss is only 30 pips. you can close the trade as long as it reach more than 30 pips (35 pips, 45 pips, 60 pips, more more). Then you will be a long term winner.

SELL AUDUSD at 0.7250 SL 7280 TP 7090 (Final)

Exit Strategy rules

Stop loss is only 30 pips. When the profit reach +30 pips, you have to lock the trades. It means you set the SL = Entry Price. Then your trade is risk free after it reach +30 pips profit.

You may close the trades anytime after profit 30 pips. You can close at profit 45, you can close at 60 pips. If you keeps closing the trades.

All closing above +30 pips profit are winners.

If you close with profit only +15 pips,  you will be a winner in a short time, but not in the long run.

Euro is going down during ECB. So Sell EURJPY is a good option.

Entry at 130.40 SL 130.70 and

Take Profit LEvel: 129.77, 128.66, 127.66

AUDNZD trend is up. This is the entry, and the stop loss is only 25 pips away.