Forex Trading Empire

  Name : CCI Divergence Breakout Strategy Timeframe : 15 mins and above Indicators : CCI (Commodity Channel Index) Understanding Divergence This strategy uses hidden divergence and price action to take a breakout trade. Divergence is the one key indication in the market that can be useful and is not lagging. It is a sign of a market reversal coming up in the near future. Understanding and making use of divergence will help a technical trader greatly when analyzing the market. Note : On my CCI, I always connect my peaks (tops) never the bottoms (dips). It is critical that you watch the video tutorial below with this strategy to understand it fully. Long Breakout - Price must be trending downwards - CCI must go towards the upward direction and bounce - After a bounce on the CCI, connect your high peaks on your price - Aggressive : At a clear close above the trend line enter long - Conservative : After the trend line is broken, wait for a pullback to the tr...

Name : Pivot Points MACD Divergence Strategy Time Frame : 15 Minute Charts and above Indicators : MACD (12, 26, 9) and Pivot Points Understanding Pivot Points A quick background on pivots points,  they play a strong role as support and resistance. Pivot points are nothing but support and resistance levels that are generated from an average of the previous day's data. To put it in simple terms, consider them as walls. They will try and stop the market as it approaches them. If the wall is really strong, it will make the market reverse from it, if its moderate - the market will hover around it, if its weak, the market will just break through it. We're going to use this information to our benefit in this strategy. Understanding Divergence I'm not going to get into complete details on divergence on this strategy page but I'll give you an overview so you know whats going on. Divergence is a heads up indication that tells you the market is going to t...

The number 1 thing that separates winning traders from the rest is forex money management , not forex trading strategies or how smart you are. Here are 4 forex money management mistakes trader make. Don’t forget to tweet, like and share at the end of the post. #1: Focusing On The Money And Not The Trading Process When I trade, its not hard to think about money. How much money I am risking and how much money I will make if my trade is profitable. Sometimes counting my eggs before they hatch… Is this the right way of thinking? No. And I will explain why shortly. Money is a great motivator…no doubt about that. Have you seen or read stories of people who are passionate about doing something and eventually made a lot of money in the process? You see, money follows people who have a process or system in place. Read that again…”money follows people who have a process or system in place.” What this means is really simple: follow a process, concentrate on the trad...

” Divergence ” formings in the market is indeed …..one Good ” REVERSAL Phenomenon ” that ( We ) traders can Profit from definitely.. And one can even make ” Nice & Massive Amount of Pips ( Profits ) out of this Phenomemon …again & again ……but that’s provided You know how to ” ATTACK it  ” …..Correctly & Confidently ! In any trading game, it’s either : 1)  You’re on the RIGHT - SIDE of the market… OR 2) You’re on the WRONG-SIDE …and the CRUEL truth is that …….MOST of the time…. …MAJORITY of the traders would be on the WRONG-SIDE of the market… Only to LOSE MORE in the long run…..( and seeing a much SMALLER account size ….as the days gone by ) On the other hand… Most traders would get to BE on the RIGHT -SIDE of the market & …….” Win OCCASSIONALLY “… but the sad truth is that….. “…they just DO NOT know WHY they ‘re on the RIGHT-SIDE of the market then ! ” Combined with the fact that they’re tradin...