Sunday, May 24, 2009

Daily Forex Signal

The strategy traded for these signals are based solely on technical analysis (the charts always price everything in) and is mid to long term with trades lasting anywhere from a few days to portions of the trades lasting several months and thousands of pips.

Trades are entered only in the direction of the greater trend in place (defined by the True Trend indicator). Money management plays a large role in this trading method (position size & risk/reward) in order to make high returns with little risk possible. The minimum risk/reward implored on a trade is 2:1 and as much as 6:1 on all Zero Line Cross (zlc) trades.

Today's Signal
4 Hour:

Open Positions


8 Hour:

EUR/JPY 1st order took profit.

Open Positions

Setups

ZLC Example

ZCL



Drop In Example

Drop In


http://www.fxstreet.com/technical/forex-signals/

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