Forex trading pair: Usd Chf
The forex trading strategies | strategy above is an interesting way to look at forex charts.
I have highlighted blue boxes in the chart. As we can see, when price is NOT trending. It moves in boxes. Just like the chart above.Do not neglect the simplicity of this! I use this often as one of my trading arsenal.
What we can notice from the chart is that price consolidates in the boxes and to eventually break out from the box to form another box.So price move in boxes when its not trending.How can we benefit from this Simple yet Powerful knowledge?
Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies)
By drawing the boxes, we are able to predict where price might head to on the next box after the breakout.And besides that, we can just trade inside the box just like this:
Forex trading strategies: Look at the first red arrow in the chart above. That indicates the marking of the low of the box.So we can expect the next time price reaches the area. We can buy at the area. Which is marked by the white arrow on the second time.
The same follows on the 2nd box.
The red arrow pointing down marks the high of the blue box. So the next time price reaches the high. We can sell it off immediately (as marked by the white arrow)
And we are seeing that happening right now in the latest blue box. Price has hit the bottom of the blue box which has now retraced back up. Therefore we can place a buy order right at the bottom of the blue box to profit from this.
Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies)
Do you see the power of this forex trading strategies | strategy? It is so simple yet powerful.
As i always say, Forex trading can be plain, simple and clear cut. By using simple clear cut strategy just like this box strategy, forex trading will no longer be difficult.
I hope you like this and pls click on the like button and drop a comment below to let me know how you feel.This is just one of the ways we trade, Check out our Winning Asia Forex Mentor Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.lifeofatrader.com
Next Expert Article: Box trading example (part 1)
