Hunny Gee Posted June 19, 2012 Share Posted June 19, 2012 Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies) Forex trading pair: Usd Chf The forex trading strategies | strategy above is an interesting way to look at forex charts. I have highlighted blue boxes in the chart. As we can see, when price is NOT trending. It moves in boxes. Just like the chart above. Do not neglect the simplicity of this! I use this often as one of my trading arsenal. What we can notice from the chart is that price consolidates in the boxes and to eventually break out from the box to form another box. So price move in boxes when its not trending. How can we benefit from this Simple yet Powerful knowledge? Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies) By drawing the boxes, we are able to predict where price might head to on the next box after the breakout. And besides that, we can just trade inside the box just like this: Forex trading strategies: Look at the first red arrow in the chart above. That indicates the marking of the low of the box. So we can expect the next time price reaches the area. We can buy at the area. Which is marked by the white arrow on the second time. The same follows on the 2nd box. The red arrow pointing down marks the high of the blue box. So the next time price reaches the high. We can sell it off immediately (as marked by the white arrow) And we are seeing that happening right now in the latest blue box. Price has hit the bottom of the blue box which has now retraced back up. Therefore we can place a buy order right at the bottom of the blue box to profit from this. Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies) Do you see the power of this forex trading strategies | strategy? It is so simple yet powerful. As i always say, Forex trading can be plain, simple and clear cut. By using simple clear cut strategy just like this box strategy, forex trading will no longer be difficult. I hope you like this and pls click on the like button and drop a comment below to let me know how you feel. This is just one of the ways we trade, Check out our Winning Asia Forex Mentor Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use. See you on the other side my friend, Ezekiel Chew Asia's #1 Forex Mentor Link to comment Share on other sites More sharing options...
Hunny Gee Posted November 10, 2012 Author Share Posted November 10, 2012 Asia Forex Mentor forex course is now FREE! A complete professional forex trading system that even newbies can apply instantly. Link to comment Share on other sites More sharing options...
Guest goldonline Posted November 22, 2012 Share Posted November 22, 2012 Trading successfully is by no means a simple matter. It requires time, market knowledge and market understanding and a large amount of self-control. Link to comment Share on other sites More sharing options...
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