forex trading strategy development

handy tool to use in this strategy. And to think that youll be rich with half ass effort is like trying to go to the moon with a bicycle. I am calling this a Trend Line Trading Strategy and it is based on: Following the trend. I have been demoing a simple trading strategy for a week (29th September-3rd of October 2008) and achieved almost 200 return on investment in a week with 5000 account and I would like to share it and it would be great to have many involved. Is there a main established trend? A truly great work has been done. Do yourself a favour and take a look at a chart and see if you can identify a trend. Forex Trading Forex chart points are in a currency trading table that includes; latest fx trading high-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, macd for the different currency trading pairs. I dont know, 5 seems like a good number to me I have five fingers on each arm and similarly for the legs, so 5 is a number I was born with Put 10 pips if you want. Look for updates on the Forex Forum when the chart gallery is updated.

forex trading strategy development

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Min.4 points, high leverage, trusted trading platform. Kiss keep IT simple simple. I draw trendlines in the daily or on the 4rhly charts chart then switch to the 1hr timeframe. The trendline can be the daily, 4hrly or the 1hr trendline. Cmon man, you are competing against the most competitive traders in the world who do this job for full time, with millions of money depending on them. (d) I set my profit target just within the level of previous swing low. There are exceptions where you can go against the main trend, but I wont touch on that here.