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Since that time, he has been developing strategies and techniques that can be easily duplicated by other traders. A typical example of a good entry is the blue zone and a no-entry trade set-up is shown in wimple red zone in the diagram below.

Very first you need to set up your own graphs since the picture over. This is not a forex exclusive etrategy but rather is more in tune with global news and events that could move currency prices.

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Reversal signals could have various impacts such as: 1) Passive retracement dorex goes sideways and corrects trend in time Usually a chart pattern such as a flag or triangle This retracement is shallow à corrective price action If sideways move takes too long in time, then it will be strztegy range (point 4) 2) Active retracement price moves in counter trend direction and corrects trend by pips This retracement can vary in depth depending on the timeframe A retracement on the higher time frame would be deeper This retracement is more impulsive in nature 3) Reversal trend direction changes from up to down OR down to up 4) Range one stratevy stops and is followed by a range environment Also, the importance of multiple time frame analysis is back into play.

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