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Thread: Free Forex Trading Strategies Daily from Asia Forex Mentor

  1. #1

    Arrow Free Forex Trading Strategies Daily from Asia Forex Mentor

    Forex Trading Strategies: Trading in Channels

    Lets see a nice illustration of a trade i took recently by trading in channels.

    In the chart above, there is a pin bar as highlighted in the box.
    It was a pin bar in confluence with the:
    150 moving average (orange line),
    the price pivot as shown in the (blue line),
    the fibonacci 127% level (yellow line),
    and the bottom of the trendline channel (red line).

    And moreover, the close was above the 150 moving average. When the 2nd bar appears, it too formed an almost pin bar with the close above the moving average too.

    Now with all the above confirmation. The trade will definately head up without much doubt.

    And where do we take our profit?

    At the top of the channel marked with the white tick.
    Sure, it went further after that, but, i’m happy with the trade itself that went according to plan.

    This is trading with knowledge and understanding.

    Get the Free & Full Daily Forex Trading Strategies HereAsia Forex Mentor
    Last edited by asiaforexmentor; 10-08-2010 at 10:36.

  2. #2


    Thanks for sharing such a good forex trading strategies, let me try it once in my forex trading. I like new trading strategies.

  3. #3


    Quote Originally Posted by Tisha View Post
    Nice write up. I really appreciated with all the given information, I thankful to you for providing me wonderful information.
    I think it's only the strategy shown in the graph...And Tisha I don't found any helpful information regarding the strategy shown.

  4. #4


    I also would like to share my experience with you guys , that when you trade in the forex market and you are having problem to initiate a trade, then you must take help of some technical indicators for trend indication, and when you find a trend of the market for the day then you can initiate the trade for the particular trend. Always trade according to the trend, never try to trade against the trend. This will really help you to make money in forex market.

  5. #5


    Yeah Shirley, even those who believe to have found the perfect combination of oscillators and indicators that can consistently anticipate market movements should never ignore fundamental analysis. The technique consisting in trading based of market news, which is often preponderating in short term trades, the right forex strategy is a wise mix that constantly keeps the two in consideration, without ignoring or underestimating their capabilities.

  6. #6


    Could benefit from a "shi channel" imo. Thank you.

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analysis, average, channel, fibonacci, forex, forex strategy, forex trading, free, indicators, level, moving average, news, pivot, profit, short term, strategies, strategy, thank you, trading, trend

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