Get this 70+ page Forex-4 Pack Forex Swing Trading Training Kit FREE. Read this 40 page shocking FRWC Brutal Truth FREE Report that exposes everything about Forex Robots. Meet the High Velocity Market Master and get your FREE COPIES of the Ultimate Day Trading System and the Universal Risk & Money Management Tool! This End of Day Trading System is meant for those having office jobs and not much time to do trading. In this End of Day Trading System trades are only entered once per day at the end of NY Session and then left to work for themselves out for the next 24 hours.
This End Of Day Trading System does not requires frequent trading. The idea is to trade less frequently and only enter those trades with high probability set ups. This is meant to reduce your trading costs and maximizing the winning percentage of trades.
With this End of Day Trading System, you can trade six currency pairs and various crosses like EURUSD, GBPUSD, EURJPY, AUDUSD, USDJPY and USDCHF. Using different currency pairs minimizes the potential of trading highly correlated currency pairs together. It uses the 50, 100 and 200 SMA and 100/200 Bollinger Band plus 14/7/3 Stochastic. This is an extremely powerful trading method which requires only 1-2 hours of trading at the end of the day when the NY Session closes.
The idea behind this End of Day Trading System is identify entry zones for high probability trades and enter when a clear trading signal is generated by observing the price action on the Daily Charts. A swing trade is entered in opposite direction to the recent move.
The NY Session closes around 5 PM EST. Open the six daily charts depicting the six currency pairs mentioned above on your monitor simultaneously. In these six charts, identify the currency pairs that have its price touching or very close to 50,100 or 200 SMA OR the 100 or 200 Bollinger Band.
If you spot a currency pair price action touching one of the above and the Stochastic in the overbought or oversold mode, get ready for a trade. You need to know some of the candlestick reversal patters to get the confirmation before you enter the trade.
This is an extremely effective and powerful swing trading method for those having jobs to enter a trade at the end of the day by observing the six currency pairs at the end of NY Session close. Now keep these money management rules in mind when you use this method. Don’t use leverage more than 5:1. Use reward to risk ratio of at least 2:1. This approach is to practice this End of Day Trading System Swing Trading Strategy on your demo account for a few weeks. Once you have made a number of successful trades in a row, you can start trading live. Good Luck!