15 Min Forex Trading Strategy Pdf

Zero to a Million Trading Strategy


SPECIAL REPORT: Jack’s “Zero to a 1000000” Trading Strategy

To get a successful forex trader, you volition need to develop a long-term trading strategy. A good forex trading strategy volition position you to pursue strong returns, while as well protecting you from various risks.

One of the reasons forex traders tin merchandise at such high volumes is leverage. Leverage helps traders take a small amount of money and plough it into much more than. Information technology is not uncommon for forex trading leverage to equal 100:1.

Of course, anyone who hopes to brand a million dollars via forex trading is going to need to be patient. Fifty-fifty the best forex trading strategies will take time to come to fruition. Patience, trading discipline, and a willingness to cut your losses will all be very helpful.

Notwithstanding, despite the risks of forex trading, there exists a significant earning potential. Endless forex traders, using tested trading strategies, have turned a relatively small amount of money into a million dollars, or even more.

Right now I’grand revealing what my trading strategy is for the “1000000 Dollar Forex Journey” account! If you want to run into an additional strategy you tin endeavor out our profitable double trend trap strategy.

To recap:


  • We’re going to brand a 1000000 dollars (or more) through forex trading.
  • We’re going to exercise it in 18 months (or less).
  • We’re going to start with next to cipher, $50.

I’m going to requite you the nuts of my trading strategy today. Then I’ll share more than details nigh it in future follow-up articles.

This strategy IS designed to consistently offering excellent risk/reward opportunities. When executed with a minor amount of intelligence, lucky for me that’s all information technology requires, should consistently produce winning trades. The trades will outnumber and outpace losing trades. Here is some other strategy called, Fourth dimension-Based Trading Strategy.


MY fifteen Minute CHART STRATEGY

Hither It IS. The deep, night, mysterious, intricate, and secret system. It was worked out by an aboriginal Chinese Taoist sorcerer. It was kept closely guarded for centuries by inscrutable Zen currency traders:

Open a new chart, ready the time flow to 15 minutes. Load 3 EMAs (exponential moving averages) – the five, 10, and 50 EMA. When toll and the v and 10 EMA lines all cantankerous above the 50 EMA line, purchase. Or, conversely, when they all cross the 50 EMA line, sell. I know, I know – the complexity of information technology is staggering, right?

You can also add the 21 and 35 moving averages – every bit well equally the 100 and 200 SMAs (elementary moving averages). Just for higher time frame reference – just the v,ten, and 50 provide the bones trading strategy. I use EMAs weighted to the close – but that’s my personal preference.

I’ve adapted things a bit to my ain personal trading style. Just the credit for this outstanding strategy goes to a friend and fellow trader, Clay Ferrell. He was prissy plenty to share it for complimentary at the Forex Factory forum. Y’all can read more than here, “Trading Systems CHOROS System.” But fair alarm, there are 500+ pages of discussion – and that’s not fifty-fifty the original give-and-take thread.

The original rule is to enter on the first retrace touch to the ten MA. After price and both MA’s take crossed over the 50 MA. Even so, I often enter when the toll has crossed and made a 15-infinitesimal candle close past the l MA. I do that because I’ve plant that price itself is a better indicator than any moving average. And because patience is not one of my virtues.

The initial stop loss shouldn’t be more than than 10 or 12 pips, at most, beneath (or in a higher place, in a sell merchandise) that fifty MA line. It shouldn’t be more than 10-12 pips away from your entry point.
Ane of the primary strengths of this strategy is its depression run a risk.
The theory behind this strategy is that once that 50 MA line is crossed past all iii – price, the 5 MA, and the 10 MA – the 50 MA line should hold equally the support/resistance. Information technology works all-time when the 5 and 10 Mas are both rising at a fairly steep angle. The 10 MA line should continue to rise (in a buy trade), and also act as initial support for the price.

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Eventually, the price will come dorsum through the v and 10 MA lines and test either the 35 or 50 MA line. The FIRST time this happens, the 50 MA will usually concord. That is, at that place probably won’t be a fifteen-minute candle close significantly (i.due east. not more than iv-5 pips) to the other side of information technology. And often cost will just touch the 50 MA line and immediately bounce off of it. The game is often over the second fourth dimension that the 50 MA is challenged. It’ll give way, price and the shorter moving averages will all decisively cantankerous back over it in the opposite direction.

This is a short-term trading strategy and it’south important to move your stop aggressively once you have a profit of nearly 10 pips. It is meliorate to get stopped out with but a modest profit than to allow a turn a profit plow into a loss. Many times, I’ve been stopped out with a small turn a profit. I initially wished I was still in the trade and am tempted to jump right back in. But an 60 minutes later, I end up thinking, “Boy, I was sure lucky to get out with a profit on that.”

Below is a screenshot of a 15-minute chart showing movement both above and below the 50 EMA line. Note how one time there’s a significant movement to a higher place or below the 50, the 10 EMA tends to act every bit support/resistance.

Trading Strategy Example one

And hither’s another – note the pivot bar that precedes beyond up and over the 50 EMA, that could so have been ridden for a very dainty profit.

Trading Strategy Example 2

I urge you to set up your own charts with the three moving averages and watch the market action for yourself.

That’s my basic fifteen-minute trading strategy.  Of course, it’s non quite that uncomplicated in actual trading and there’southward a bit more to information technology than that, likewise much for me to embrace in the space of one article.  I’ll provide more rules and trade filters for using the strategy in upcoming articles, then stay tuned.

Believe it or not,
if nosotros can merely boilerplate communicable one good merchandise a solar day with this strategy,
 we will make it to our goal of a 1000000 dollars in xviii months or less.

1 – Learning.  You take to become an expert in your business, and that’s certainly truthful if your business organisation is currency trading.  Yous need to put in the time and endeavour to always be learning how to ameliorate your trading.

2 – Patience.  Starting a business with less than $100, and making a million dollars in less than two years sounds fast.  And it is.  But it can seem oh so deadening in the beginning.  When you’re but seeing $five or $10 profits, information technology doesn’t
feel
like yous’re getting anywhere.  You want to be already up at that place making the “big coin”.  Simply yous simply take to steel yourself to be patient, to be content with gradually increasing your equity.  Just averaging pocket-size daily profits
will
make that 1000000 dollars a reality.  You lot might fifty-fifty try reminding yourself every twenty-four hours you make a small gain, “I’g doing it – I’thou making a million dollars.”

three – Diligent adherence to a skillful, solid trading strategy.  It’s amazing how many traders discard a basically sound strategy just because it has a few losing trades.  They forget all the times information technology worked wonderfully.  No trading strategy is going to work every time – nix’s perfect.  But I’ve establish that a number of times when I thought, “Oh, this strategy doesn’t work”, that I’d oft lost money,
not
because of the strategy but considering I’d departed from the strategy.  For example, sometimes I’ve jumped the merchandise also early, getting in as soon as toll moved across the 50 EMA line – I looked back after and saw that there was never a fifteen-minute candle CLOSE beyond the 50 EMA – I’d violated the rules of my own strategy. The trading strategy wasn’t at fault – I was.

MUCH More TO Come up:  I’ll exist back next calendar week with more information on my basic trading strategy (and on another one I’ll be using) and how yous tin follow the progress of the Million Dollar Forex Journey business relationship, seeing each trade I make.  As e’er, I welcome comments, suggestions, prayers, and gifts of chocolate and liquor.

Cheers for reading!

Please leave a comment below if you have any questions mostZero to a 1000000 Trading Strategy!

Trading Strategy Guides

TradingStrategyGuides

With over 50+ years of combined trading experience, Trading Strategy Guides offers trading guides and resources to educate traders in all walks of life and motivations. We specialize in teaching traders of all skill levels how to merchandise stocks, options, forex, cryptocurrencies, commodities, and more. Nosotros provide content for over 100,000+ agile followers and over 2,500+ members. Our mission is to address the lack of practiced information for market traders and to simplify trading educational activity by giving readers a detailed plan with step-by-footstep rules to follow.

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