19 November 2009

Breakthrough Strategy

Forex online currency trading with breakthroughs - the most common of trading strategies, bringing high profits. That strategy is simple to understand does not mean that she can not bring permanent income, since the breakthrough strategy used by many successful Forex traders.

The strategy is based on the condition that if the exchange rate fluctuates within a certain pair of very narrow corridor, it will continue to move in the direction of the breakout. So, to keep a profit, you need to install the cases where the price of the currency pair were in a narrow range, and then place orders to sell and buy a little away from the current limits to reach a breakthrough.

In addition, if you want to find the optimum position, you can use technical indicators. Eg. You can use the 30-minute chart, which displays 15, 50 and 100 times the moving average.

As soon as the auction consists of the narrow limits, and all three exponential moving averages smoothed, you can be confident that a breakthrough will happen soon. It's like a volcano, which is about to explode.

This strategy is good because it works effectively in different time frames.



No comments:

Post a Comment