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Re: Basic forex strategies

seekers, Wed Mar 08, 2017 9:44 am

• What is it based on ?Old School Simple Technical Analysis based on EMA (Exponential Moving Average) with use of Stochastic oscillator and RSI(Relative Strange index) as an Entry and alternative Exit signal . And dynamic Stop Loss and Profit Target based on percentage of ADR (Average Daily Range) .• Why do i trade simple strategy ?Complex strategies can easily draw in traders since it is somewhat logical that the more information we factor into a system, the more reliable it will be. Yet, the market does not always reward logic and when it does , it may not do it in the trader's timeframe. Remember, the market can be wrong a lot longer than the trader can afford to be right !!
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