Trading for professionals

If you are employed, has no time to take a look at the charts, so strategies are interesting for these people in which pending orders or trades can be, in the morning triggered in the evening to see what success or failure of these had in most cases.

Here I found an interesting strategy, where this is possible:

If you look at the following values of the Last 24 hours of the currency pair of your choice:

· High day.

· Low

· Closing price

From the high of the day and - deep is you now the price movement of the currency pair in pips. Is the low of the previous day at 1,4425, the day high of 1,4537, for example, when the EUR/USD as the price movement is 112 pips.

Now calculate 25% of this price history (in our example 28 pips = 25% of 112 PIPs).

Starting from the closing price of the last 24 hours to lay a sell order which is 25% of the previous day price movement under the closing price and a buy order at 25% above the previous day closing price now.

As take-profit also again taking 25% of the price movement of the previous day, to put the StoppLoss 10 pips away from the opposite order.

Best take here always same time as the basis, because otherwise, the results could be tampered with. In addition, it is recommended to first look at the economic calendar. Important publications ahead, you opened would rather not order.

In our example, this looks so like this:

· Day high: 1,4537

· Low: 1,4425

· Price movement: 112 pips = > 25% is equivalent to 28 pips

· Closing price: 1,4502

So you opened following pending orders:

· Purchase at 1,4530 (1,4502 + 0,0028 - TP 1,4558, SL 1,4484)

· Sale at 1,4474 (1,4502 - 0,0028 - TP 1,4446, SL 1,44520)

Now you can go to work and to watch in the evening, where the price stands at the time, or whether the jobs created have been met.

How this trade is to keep something riskier than before the screen with security and to have influence on the course of his trade, but a way to complete the one or the other trade despite work. By the economic news is you already do every day in this way trade can.

Pivot points

Again and again one hears in the trading area of so-called pivot points, but what is this and how can you use them to act?

In General, one can say that pivot points or lines are used to predict where resistance and support levels are in the course of the day.

For this, the previous range is made to help, so previous day high, low of the previous day and previous day closing price. If you added these 3 values together and divides the result by 3, you get the pivot point around which of course should move on the current day.

This expected then two lines that you want to sketch out resistance and support. The calculation of these lines is as follows:

Support 1 (s1) = (pivot point * 2) - previous day high

Resistance 1 (R1) = (pivot point * 2) previous day low

Support 2 (s2) pivot-point-= (R1 - S1)
Resistance 2 (R2) = pivot-point + (R1 - S1)

The respective pivot points support and resistance lines, you can also simply on LiteForex in the details view of currency pairs in the section "Technical" out spelling, if you use the MetaTrader, can also templates download, to integrate them automatically in his chart.

The problem and to the vulnerability of the points in the field of Forex is that there is no official beginning and no official end for the market. Some traders take the New York Exchange hours with this but the London and Frankfurt Stock Exchange session is excluded for example as a basis for the calculation of the points.

Officially the Forex market opens however briefly closed and immediately Central European time 11: 00 p.m. for interest may be credited. This means that you should use the time of 23: 01 to 23: 00 (CET) for the calculation of the points.

The big advantage of the points is that generally used, so that a bouncing movement or break of support and resistance lines should be strengthened by further dissemination.

My tip to do this, is simply drawing the lines themselves - can draw automatically by template in the MetaTrader, have one so no work - and to simply look at the price movement when the lines. You will be amazed how often actually a resistance or support on the previously defined lines developed.

An important note at the end... of course it is also possible to drawing points for shorter time whether as much sense behind is, I dare however to doubt.