Day Trade Forex Review – Cynthia Recommends

4 stars based on 33 reviews

Usd Chf In Forex trading, there are various forex trading strategies. I would like to show you a forex breakout strategy as shown in the chart above. It is simple yet highly powerful. This series of price action bearish bars represent the selling momentum in the market. And the selling is gaining momentum with the increasing number of bearish bars.

Therefore, we will be watching the chart for a chance to trade it down, considering that the trend MAY have day trade forex breakout simple system from an uptrend to a downtrend. Soon after, it formed a big long price action bearish outside bar as marked by the yellow circle.

This confirms the downtrend as it has broken the previous lows of the previous uptrend With the big long price action bearish outside bar, and the previous series of bearish bars.

Immediately after the bearish outside bar, it forms 2 smaller inside bars after which. What i see here is a setup for a forex breakout strategy trade. We can place a pending sell order below the bar. Therefore, i will place a pending sell order as marked by the yellow dotted line.

And my stop loss is above the previous bars opening and closing. Forex Breakout StrategyPls read through the explaination while looking a the charts for at least 2 times to fully understand what i meant.

Do sign up above for our newsletter if you have not done day trade forex breakout simple system already as i will update day trade forex breakout simple system via email constantly with new forex trading strategies.

Your email address will not be published. Sign up to our newsletter! Simple Trade, Simple Profits Soon after, it formed a big long price action bearish outside bar as marked by the yellow circle. Simple Trade, Simple Profits What i see here is a setup for a forex breakout strategy trade.

Simple Trade, Simple Profits Forex Breakout StrategyPls read through the explaination while looking a the charts for at least 2 times to fully understand what i meant. Leave a Reply Cancel reply Your email address will not be published. Learn forex trading from lifestyle forex trader. We provide forex trading training and course in our forex school.

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The latter is also available on the Day Trade Forex website. Exit is also based on a colour signal. The easy to spot breakouts can be traded on any timeframe across multiple currency pairs using a conservative or aggressive entry style.

There are 6 videos on the website. The system is explained by videos in combination with the manual, including where to get your indicators plus the two bonus ones provided and how to install them.

Although the manual is concise, at 32 pages, it includes links to a staggering 15 different affiliated entities which include Brokers, Trade management software, Self improvement mental training and other Trading systems. We set up our charts as defined above, set up was easy. However, even on a 26 inch LED screen it was barely legible.

We then continued with the rest of the manual including the videos. We did install the bonus indicators, not shown above as it really is impossible to read as it is. Our exercise to put this system down into a 1 pager to share across those members of the ReviewTeam involved in this review was a futile one.

There was just too much going on. There are too many dots, too many indicators the two bonus indicators complicate things further , too many options, in particular for entry and exit. However, together with a pretty illegible trading screen, it was simply just too much for us.

We felt a review, even on our extensive rule base would have been of no use to anyone, including providing us with any kind of credibility. Obviously, when we were compiling our rule base we were observing the charts but we took no trades — It would not be prudent for us to comment on whether this system can work or not.

Suffice to say, those that do make it work, we salute you on your dedication and your HUGE trading screen. This does appear to be more of a marketing exercise than a viable trading system with reference to no less than 15 other affiliated products in the manual.

We had little reason to contact support but when we did the response was prompt and responses were complete and useful. Do remember, your comments are important — If you have used or decide to use this system, please contribute to the community by reporting back your findings.

This is a selection of key posts and comments from the original forum prior to the rebuild. Thanks for this one RT. In 3 Ducks I trust really must get back onto that! Thanks for the review. I want to keep track of this thread because am seriously considering going forward with this system.

Would the member of your team who indicated they are actually USING this system please comment for this thread? If you are using it, it MUST be pretty good. Viewing 2 posts - 1 through 2 of 2 total. May 7, at 1: You must be logged in to view attached files. Members can post and subscribe to threads like this one. And also receive an email every time we post a new review. May 8, at 8: Systems For Traders had to be rebuilt in This is a selection of key posts and comments from the original forum prior to the rebuild.

Thanks again for guiding us around this particular system. Hi and welcome to SFT. Apologies we cannot help you but we wish you well with your task. You must be logged in to reply to this topic. Systems We Use None at present. Services We Use None at present.