Trading the news is becoming a popular technique to trade the forex markets … and why shouldn’t it be? Time and time again you see currency pairs move 50 to 100 pips within minutes or even seconds after a major news release. When you see that, I bet you’re thinking, “50 to 100 pips!? That’s easy money!” Maybe it is, and maybe it isn’t. It all depends on how prepared you are to trade a news release.
Why Trade the News?
Trading news releases can be a significant tool in your...
5 minute Chart Set-up
Description: An intra day trend following trading method, using the following indicators:
• 10 period WMA (Weighted Moving Average)
• 20 period SMA (Simple Moving Average)
• Slow Stochastic (10,6,6 (exponential))
• RSI (28)
• MACD (24/52/18 (exponential))
Rules: Only take trades between 8AM-12PM EST and/or 2AM-4AM EST. Why? click here...
BUY the exchange rate when the 10 WMA crosses up past the 20 SMA and the Stochastic is signaling up...
