This is a strategy for the binary options market, which will enable traders to use price channels to trade the High-Low binary option contracts.
Channels can be used to create simple forex strategies that can be used by almost anyone. The strategy described in this article is a price breakout strategy, used in trading situations when price breaks out of the borders of the channels.
The Fibonacci tools are very effective forex trading tools and can be used to trade a variety of market scenarios with a high degree of accuracy.
The strategy combines the use of an oscillator indicator and the pivot points. It is designed for use in the forex market, and it will work across various time frames.
Pivot points are key areas of support and resistance which can be plotted on the charts on a daily, weekly or monthly basis. In this article, daily pivot points trading strategy will be explored.
The strategy is devised with a variation of the MACD indicator, as well as two exponential moving averages. In essence, it’s a retracement trading involving simultaneous usage of all indicators.
The strategy discussed works best on the 1 hour chart and features the use of the Parabolic SAR indicator. As such, it is suitable for intraday trading, and can be used on any forex assets.
This strategy introduced in this article utilizes the Wolfe wave patterns, which were given to the trading world by William Wolfe, a trader who traded the S&P500 index.
Today’s strategy shows how to use other components of the Ichimoku Kinko Hyo to produce a tradable signal. This time, the strategy makes use of the Tenkan sen and Kijun sen to produce a trend-reversal signal.
The strategy to be discussed today is the price break of the cloud component of the Ichimoku Kinko Hyo indicator. The Ichimoku indicator has 5 components, one of which is the “Kumo” or cloud.