While placing the Master MACD and the ADX are not a requirement for this strategy, they are often helpful as both of those are very useful indicators. Avoiding trades where the ADX is below 25 will result in better trading signals and trades with a higher probability for success. But, the reason for using these two indicators is only to aid the trader in reading the primary indicators and signals of this strategy which are the crossing of the middle line of the Bollinger Band and the CCI.

For illustrating the strategy in this article, we have placed both the ADX and the Master MACD indicators. Long trade entry: Long trade stop loss: Long trade profit targets and exit rules:.

Buy signal indicated with the up arrow on the left and the exit signal shown with the down arrow on the right — USDJPY 1-hour chart. Short entry rule: Short trade Stop Loss: Short trade Profit targets and exit rules:. Sell signal down arrow on the left and the exit signal up arrow on the right — EURUSD 1-hour chart. Sponsored by. Day traders profit from market swings between a resistance and support zone on a higher period H1 and H4 and place their trades entry on a much smaller timeframe 15 minutes, 30 minutes.

There are no holy grails in forex trading, and all strategies and time frames have drawbacks. Being a day trader requires you to set a tight stop loss and constantly monitor the market for changes. In forex trading, to be effective with the 1 hour time frame, you should not trade in isolation; it should be traded in conjunction with the dominant trend on a high timeframe D1 and H4.

Furthermore, Traders of many types employ the 1 hour time window, including intraday, day, and swing traders. The 1 hour chart is the most popular time frame for forex trading because it accommodates a wide range of trading techniques. Period shift 3. After retracement support and resistance on H1 look for trend continuation on a lower timeframe 5 minutes, 15 minutes. RELATED: BEST 1 HOUR TRADING STRATEGY.

Understanding the basics of the forex market in terms of market structure, support and resistance, and so on can be intimidating, especially for beginners. Knowing the timeframe that suits you is good, but understanding the basics of the forex market in terms of market structure, support and resistance, and so on is even better. Still, as a beginner, I would advise you to avoid scalping and instead focus on intraday trading, which involves trading on the H1 and H4 timeframes. RELATED: BEST FOREX TRADING STRATEGY FOR BEGINNERS.

Join Our Telegram Group Chat - CLICK HERE. This strategy is intended for bearish reversals primarily on the one hour chart. This Forex reversal strategy consists of three indicators. Those indicators include:.

Trading this strategy is not difficult; however, finding suitable setups may be hard because of the higher likelihood that they will be profitable. To trade this strategy effectively, you must follow three rules:. As you can see, the Stochastic indicator showed the price was overbought.

The Parabolic SAR was above price, and the candlestick from which we took the trade closed BELOW the Weight Moving Average. We would have taken the trade just as the candle closed, as shown by the red arrow.

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Best MT4 Broker with lowest cost. ZERO swap fees on gold. FREE Trading Signals. Exclusive access to PRO Trader tools. Press ESC to close. Share Article:. best forex trading strategy , Forex Strategies , forex trading strategy , free forex strategy , reversal , strategy. Ghost32 [email protected]. Leave a Reply Cancel reply Save my name, email, and website in this browser for the next time I comment.

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Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. There are various forex trading strategies, before I talk about the best 1 hour trading strategy, you should that note that in the forex market no time frame is a waste as they all have their purposes. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. They have plenty of action and are used by many forex day traders. By continuing, you accept the privacy policy. Ghost32 [email protected]. You can use any combination of technical indicators and price action analysis to help give yourself an edge.

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