If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin. Your risk should be set with an eye towards a percentage of your trading capital. In Forex, we have many variations of lot sizes we can trade so while the protective stop in pips may be large, it can still be a small percentage of your risk capital. We all know that a market will trend and consolidate.

It will repeat this over and over again. RELATED Parabolic SAR Forex Trading Strategy. Save my name, email, and website in this browser for the next time I comment. Attachment The maximum upload file size: 5 MB. You can upload: image , audio , video , document , spreadsheet , interactive , text , archive , other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded.

Drop file here. Notify me of follow-up comments by email. Notify me of new posts by email. Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital.

Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the complete Risk Disclosure. Privacy and Policy Terms and Conditions Advertising Inquiries. Best MT4 Broker with lowest cost. ZERO swap fees on gold. FREE Trading Signals. If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin.

Your risk should be set with an eye towards a percentage of your trading capital. In Forex, we have many variations of lot sizes we can trade so while the protective stop in pips may be large, it can still be a small percentage of your risk capital. We all know that a market will trend and consolidate.

It will repeat this over and over again.

This Daily Chart Forex Trading Strategy is a very simple Forex trading strategy that beginner Forex traders will find easy to use. If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin. Your risk should be set with an eye towards a percentage of your trading capital. In Forex, we have many variations of lot sizes we can trade so while the protective stop in pips may be large, it can still be a small percentage of your risk capital.

We all know that a market will trend and consolidate. It will repeat this over and over again. An uptrend will eventually turn into a downtrend and the opposite is also true.

In between a full blown trend change, we will get corrective moves and that is what this simple daily chart trading strategy wants to capitalize on. We want to see price meet up with one of our Fibonacci levels and confirm with our stochastic oscillator. The rules are quite simple and this is a pretty easy Forex strategy that you should be able to replicate.

Just follow the trading instructions listed below. If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin Daily Chart Trading Setup Currency Pair : Any Timeframe : Daily Forex Indicators : stochastic indicator required with default setting 5,3,3 Fibonacci : Retracement tool Candlesticks : Knowledge of reversal candlesticks Did you know that a daily chart trading system has a lot more advantages than trading in much smaller timeframes?

FOREX DAILY CHART TRADING STRATEGY. RELATED The 3 EMAs Forex Trading Strategy. Prev Article Next Article.

Thank you anyway for sharing your system here. Phany on April 24, - We all know that a market will trend and consolidate. Submitted by User on March 23, - Daily Chart Forex Trading Strategy. Keep in mind this: We have a trade setup once price reaches the confluence zone.

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