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Trading Forex with Harmonic Patterns
July 26th, 2011 by forexcityguy
Post Coming Soon
EURUSD at Major Resistance Line – Must See
March 28th, 2011 by forexcityguy
As pointed out on the forum, EURUSD is at a major negative trend line here spanning back to 2009, which is why I’m reading articles aptly named “This week a critical point for Euro Bulls” and the like. Here I am reluctant to buy or sell until the trend line is broken to the upside or a down trend forms (or at least some nice tradable ranging action).
Moving Average Strategy
February 3rd, 2011 by forexcityguy
This simple moving average strategy is proposed here at Forex Forums, it illustrates the ability for a moving average indicator to both indicate the beginning of a trend as well as areas where reentry into an existing trend can occur to increase your position size or just get in for the initial time.
Get Your Moving Averages Straight!
A simple moving average is formed by computing the average price of a security over a specific number of periods
An Exponential moving average is similar and appears similar, but by definition it reduces the lag by applying more weight to recent prices.
Schaff Trend Cycle Strategies
February 1st, 2011 by forexcityguy
A user on the Forex Forum was asking if anyone knew of any strategies revolving around the Schaff Trend Cycle indicator. Upon much reflection by the forum members, they’ve deduced it may actually have some value in determining the force of a trend and predicting the beginning of the cycles.
TopTrendIndicator for MT4
January 25th, 2011 by forexcityguy
Here’s an interesting indicator I came across at the forum, its called the TOP TREND INDICATOR for metatrader 4 and its very similar to a chandelier stop indicator except the steps of the chandelier/trend lines are much flatter, but still very accurate. As you can see on this 15 minute chart, at least 4 maybe 5 places to go long, knowing that the trend is up, attempting these buys along the way.
At any rate, I tried this indicator out for a while and the original poster of the TopTrendIndicator Strategy at the forum even said it needs a little tweaking, but he left us to our own devices on that one. So I recommend to all of you that read this to remember that, pelase do some tweaking or calibrating to this indicator before using it.
Basic Forex Strategy with Heiken Ashi And Snake Force
January 25th, 2011 by forexcityguy
I stumbled across a very simple yet seemingly effective strategy for trading Forex. The original author proposes to put a series of indicators on your chart.
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