Friday, April 27, 2012

forex trading strategy#3 (Demark trend strategy)

This forex trading system is very simple and based on trends only ,as as we know from older traders this sentence "keep it simple" ,so let us begin to understand this forex trading system .





Time frame : i prefer 4H, daily ,weekly

currency :Any except Eur/Gbp , Aud/Nzd

Entry rules

For Buy :-

we will search for the last high candles whose tails are above the other two besides tails 





then we will draw a trend line with those fulcrums (the two candles tails) 



we enter buy when the trend be broken and after the close of breaking candle




For sell :-


we will search for the last low candles whose tails are below the other two besides tails 











then we will draw a trend line with those fulcrums (the two candles tails) 


we enter sell when the trend be broken and after the close of breaking candle


Target :-

for 4H   50-100 pip 


for daily 100-200 pip


for weekly 200-500 pip 






Stop lose :-


in Buy : below the low of the lowest candle before breaking










in Sell : above the high of highest candle before breaking 











At end i hope i could give you good strategy to trade and make more pips in your forex trading system , also you must be flexible to add any other tool you could guess to make more accurate trades with it .








have a nice trades :)

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