Pinbar Trading System

Pinbar Forex Trading System — a popular strategy for entering and exiting positions that is based on the particular candlestick pattern and the following price action. The Pinbar (also known as "Pin-bar" or "Pin bar") pattern was first introduced by Martin Pring in his Pring on Price Patterns.

Support and Resistance Trading Strategy

Support and Resistance Forex trading strategy — is a widely used trading system based on the horizontal levels of support and resistance. These levels are formed by the candlesticks' highs and lows. A break-through of these levels after a period of consolidation gives a signal for a trend. This strategy doesn't require any chart indicators except for the ability to draw lines.

Scalping Forex Strategy

Scalping Forex strategy — is a simple trading system that relies on very close targets, extremely low stop-loss and a lot of positions opened and closed during a short period of time. Not all Forex brokers allow scalping and not all who allow are good to scalp with. Scalping may not be suitable for all traders and, personally, I do not recommend scalping to anyone. The most simple scalping Forex trading system is presented here.

Martingale Trading System

Martingale trading system — is based on the popular betting (gambling) system The main principle of this system is to double the bet each time you lose so that if you win (considering a 100% bet win/loss each time) you recover a previous loss and will also gain the first bet amount. 

Simple Price Based Trading System

Simple Price Based Forex trading system — an interesting system that was developed by one of the Forex traders recently. It works for any pair (though, EUR/USD is recommended) and in all market conditions. No indicators are required to trade using this system. All you need is the ability to set up the pending orders.

Inside Bar Trading Strategy

Inside Bar Forex trading strategy — a popular system with a nice win/loss ratio but a rather rare occurrence of the proper entry conditions. It doesn't require any indicators and can be applied on the bare candlestick or bar chart.

Combined Stochastic Oscillator/MA Trading Strategy

Combined Stochastic Oscillator/MA Forex trading strategy — is a relatively safe trading system that is based on the standard Stochastic Oscillator indicator in combination with the standard Exponential Moving Averages. You can use the moving averages as the general long-term trend indicator, while the stochastic will show you the short-term overbought/oversold states, where you can enter a successful pull-back trade. 

MACD Divergence Trading Strategy

MACD Divergence Forex trading strategy — is one of the quite reliable systems and is based on the standard MACD indicator. Actually, the divergence between MACD line and the currency pair rate is the basic signal in this strategy. This system has rather fuzzy entry and exit points, but it's easy to spot the signal and the trades can be rather profitable, as it helps to catch the pull-backs and the trend reversals. 

Stochastic Oscillator Trading Strategy

Stochastic Oscillator Forex trading strategy — it's an interesting system with a rather low fail rate. It's based on a standard Stochastic Oscillator indicator, which signals a trend fatigue and change. That means that you will almost always enter on pull-backs, guaranteeing rather safe stop-loss levels. 

Parabolic SAR Trading Strategy

Parabolic SAR Forex trading strategy — is a rather risky system that is based on direct signals of the Parabolic SAR indicator, which shows stop and reverse levels.

Features

• Simple to follow.
• Only one standard indicator used.
• Entry and exit conditions are given directly by the indicator.
• Indicator lag.
• Very risky and not always effective. 

Moving Average Cross Trading Strategy

Moving Average Cross Forex trading strategy — is a simple system that is based on the cross of the two standard indicators — the fast EMA (exponential moving average) and the slow EMA. 

Forex Strategies

Forex trading cannot be consistently profitable without adhering to some Forex strategy. It takes time and effort to build your own trading strategy or to adapt an existing one to your trading needs and style. 

Overlapping sessions

The darker circles in the tables above show where there is an overlap in trading sessions. Tokyo and London share an hour when the Asian session closes and London opens. London and New York also share four hours of trading from GMT 12:00 to GMT 17:00.

The American session

At 13:00 GMT, the New York session opens at the same time as the London session. With the combined participants from both the London and New York sessions, volume and volatility are generally increased.

The European Session

At 8:00 GMT the London session opens and Tokyo is in the last hour of trading.At this time a large number of traders are participating in the market. This results in larger movements compared to the Asian session alone, because day traders are exiting positions in Asia, whilst day traders are entering into positions in Europe.

Characteristics of each trading session.

The Asian session

 The Asian session starts at 22:00 GMT when Sydney opens. Since only Sydney is trading at this time, the volumes that are traded are relatively small and therefore the price changes are likely to be minimal compared to other sessions.