Many people hold office jobs,. They don't have much time in the morning and the afternoon to do anything else except office work,. This End of Day Trading System has been developed for these people who hold office jobs and can only trade in the evening,. This End of Day Trading System does not need more than one hour to enter a trade at the close of the NY Session that is 5:00 PM EST,.
This End Of Day Trading System does not requires frequent trading,. The idea is to trade less frequently and only enter those trades with high probability set ups,. This is meant to reduce your trading costs and maximizing the winning percentage of trades,.
Now,, you can use this End of Day Trading System to trade the six major currency pairs like USDCHF,, EURJPY,, AUDUSD,, USDJPY,, EURUSD and GBPUSD,. Now,, you will observe these six currency pairs on the daily charts for at most one hour at the close of the NY Session that is around 5:00 PM EST with these indicators: 50,,100 and 200 SMA and 100/200 Bollinger Bands plus 14/7/3 Stochastic,. This is an extremely powerful swing trading method that can give you a high probability trade,. You only need to monitor the six pairs on their daily charts and pick the one that gives the highest probability of a winning trade,.
The idea behind this End of Day Trading System is identify entry zones for high probability trades and enter when a clear trading signal is generated by observing the price action on the Daily Charts,. A swing trade is entered in opposite direction to the recent move,.
Everyday,, you should clear your desk at around 5:00 PM EST when the NY Session closes,. Open the daily charts for the six currency pairs on your monitor at the same time,. This is meant to give you a cursory glance on picking the currency pair that best fulfills the trade conditions,. Now,, pick the currency pair whose price action is touching or is very close to either the three 50,,100 or 200 SMAs ( Simple Moving Averages) or the 100 or 200 Bollinger Band (BB)
Now,, suppose you find one such currency pair with its price action touching the above indicators,. If it does,, take a look at the Stochastic oscillator to see whether it is in the overbought or oversold condition,. Stochastic indicator should be in the overbought or oversold condition,. You will further confirm the reversal using candlestick reversal patterns like doji,, hammers and others,. When you get the reversal confirmation with the candlestick pattern,, you will enter the trade in the opposite direction of the move made by the currency pair price action,!
This is an extremely effective and powerful swing trading method for those having jobs to enter a trade at the end of the day by observing the six currency pairs at the end of NY Session close,. Now keep these money management rules in mind when you use this method,. Don't use leverage more than 5:1,. Use reward to risk ratio of at least 2:1,. This approach is to practice this End of Day Trading System Swing Trading Strategy on your demo account for a few weeks,. Once you have made a number of successful trades in a row,, you can start trading live,. Good Luck,!
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