All you need to profit in forex really, is a discipline and ability to recognize the trend. Basically swings in the direction of trend are longer because price moves in the direction of trend.

Predominant movement in one direction is what characterize trend.

Swing in pri...

Price moves in waves (swings) up or down. In trend, wave in its direction tends to be longer. Struggle between bulls and bears for price dominance is represented by pull back formation. When one group of traders moves the price substantially in one direction (inital wa...

How to manage stop loss if we are looking for profit of only couple of pips. Apparently big stop loss is counterproductive and tight stop loss ensures huge percentage of losing trades.

One of the solutions, is to ask only for what you are willing to give. Stop loss equ...

This simple forex strategy uses Zigzag forex indicator to establish swings. In volatile forex market it is only matter of time, until one of the extremes of the swing is broken (Low or high). Statistically, strategy works extremely well in all GBP pairs and especially...

(submited by TT)

I use 1 H timeframe on GBPUSD pair. In addition I also use ZigZag indicator which is main tool of determining swing for me.

How Zigzag (default setting) works, is that it creates spikes. I enter the position by placing pending order on both peaks, e...

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