The trading system combines classical technical analysis, the analysis of graphs, trader’s feeling and understanding of the market. At the same time the strategy combines optimal correlation of risk and profit.
The trading is mostly mid-term. A position can be kept open from one to ten days. Depending on the market, the trading can sometimes be even short-term. The Forex signals are given as both market and pending orders. The positions are usually closed either by take-profit or by stop-loss.
Before entering the market the detailed and complex analysis on H1 and higher charts takes place. Analyzing the market, the classic graph models, pivot points, Murray and volatility levels, support and resistance lines. Both trend (according to graph models and on breakouts of channels and flats) and trend-reversal (reversal on important levels, return to the breakout line, trend corrections, etc.) trading take place when giving Forex signals. The enter point is determined with the use of level system and the detailed and in-depth study of the market.
After opening an order and giving a Forex signal in accordance with that, the stop-loss and take-profit can be changed depending on the situation on the market. If the position is profitable, the stop-loss may be moved higher and into profitable zone.
The trading system isn’t really extremely strict. The levels can be changed if the situation on the Forex market is changing and depend on the volatility, range and many of other important factors.
Forex signals can be used by everyone, who has no sufficient skills or time for creating a trading system. The strategy will fit right for people, who are looking for an optimal combination of risk and profit.