I want to share this strategy with you, which has aroused great interest for me, because of its great potential in large time frames.
Best Trend Trading Strategy For All Timeframes
If you are looking for the best trend trading strategy then this forex trading strategy here really fits into the ranks of those forex trading strategies that really work.
Indicators: You don’t need any forex indicator. All you need is price action. You may also be interested in this free price action trading course.
Timeframe: Any
Currency Pairs: Any
BACKGROUND OF THE BEST TREND TRADING STRATEGY
You will see that there are times that the market is really trending nicely, either up or down, price will head back up to retest the support level that was broken only to fall down in a downtrend situation.
Similarly, price will head back down to test the resistance level that was broken only to head back up bouncing from that level in an uptrend situation.
Knowing this characteristic of price action, we can make trading rules around such trending situations.
So the main concept of the best trend trading strategy is support and resistance trading.
DEFINITION OF SUPPORT LEVEL
A support level is the level at which price bounced up from after it had been going down for some time. You will see support levels a “valleys” on a price chart.
DEFINITION OF RESISTANCE LEVEL
A resistance level is the level at which price bounced down from after it had been climbing up for some time. You will see resistance levels as “peaks” on your price chart.
With this system, there’s a slight twist:
Best Trend Trading Strategy For All Timeframes
If you are looking for the best trend trading strategy then this forex trading strategy here really fits into the ranks of those forex trading strategies that really work.
Indicators: You don’t need any forex indicator. All you need is price action. You may also be interested in this free price action trading course.
Timeframe: Any
Currency Pairs: Any
BACKGROUND OF THE BEST TREND TRADING STRATEGY
You will see that there are times that the market is really trending nicely, either up or down, price will head back up to retest the support level that was broken only to fall down in a downtrend situation.
Similarly, price will head back down to test the resistance level that was broken only to head back up bouncing from that level in an uptrend situation.
Knowing this characteristic of price action, we can make trading rules around such trending situations.
So the main concept of the best trend trading strategy is support and resistance trading.
DEFINITION OF SUPPORT LEVEL
A support level is the level at which price bounced up from after it had been going down for some time. You will see support levels a “valleys” on a price chart.
DEFINITION OF RESISTANCE LEVEL
A resistance level is the level at which price bounced down from after it had been climbing up for some time. You will see resistance levels as “peaks” on your price chart.
With this system, there’s a slight twist: