Smash and grab all you can!

Hey there

Hope all is well

In one of the previous videos I talked about jumping in on trades as they reach their full build-up of momentum.

Like, for instance, remember when I referred to the moving averages, the further away they are from the candle (current market price), the less you will see from it.

However, the closer the moving averages are to the price action (candles), at the point as they cross, more can be seen from the trade.

Same like wise for the I-macd, a strategy that I refer to as the POWER TRADE.

Closer the signal line and the macd is to the trigger line (virtical scale 0.00), the more powerful the trade will be.

So on that note, let me show you another nice way to pick up some EASY cash.

It has a pretty good win ratio, more than average.

It works like this.

We use the One Hour Time Frame ONLY!

Faster pairs are ok, like the GBP/USD & GBP/JPY, but this strategy is more suited towards slower pairs like EUR/USD, USD/JPY, AUD/USD, USD/CAD, etc.

The goal here is jumping in as the momentum is being built.

The momentum in this regard is depicted by the length of the body of the candle.

When the hourly candle finishes, we then look for a buy or sell opportunity 5 pips away from the close of the previous candle, and target 10-20 pips for our TP.

Best time to use this strategy is during the hours of 1am EST (6am GMT) to 1pm EST (6pm GMT), except fridays as they tend to be a little slow.

Here’s a video to show you what I mean.

I hope this helps and you’re enjoying the info thus far.

If you have any questions you would like me to answer in video form, please by all means submit your questions by replying this this post, or send me an email.

All the best

Loz

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Tagged as: forex strategy, technical analysis