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- Simple break-out strategy for trading daily chart
For an overview of the strategy see under 'Trading systems' 'Long term breakout and trend ...
Here is an updated chart of my GBP/JPY trade. If price closes above the ema at the end of the day I will close it out. Hoping for a red-day!
Sidefx- any currency pair with reasonably low spreads. I also prefer pairs with average daily price movements above 60 pips So here is the GBP/CHF chart a few days on from my last post. As you can see a candle (the set up candle)has closed below the ...
Looking ahead — Just an example of how I set up my charts. I do the same for every pair then switch to candlestick chart and wait for a close on the daily outside of these lines. Very simple, very unexciting. Not much use to adrenalin junkies ...
Watching this one. Lets see if it becomes a set-up candle. Patience required.
For an overview of the strategy see under 'Trading systems' 'Long term breakout and trend ...