Forex Trading Strategies – Day Trading – Feb 4th, 2014-B
Simple Forex Trading Strategies that Work:
In this day trading video you will see an example of trading in tight quarters on the EURUSD. This trade ended up hitting the stop loss after it was moved to +1 as a safety measure. Although not a winning attempt it will serve as an understanding of how to stay safe when trading this faster price action. This trade is executed on a WavEFX chart with the Trade Manager EA just like all of my other day trading videos. It follows the simple concept taught at ElectroFX.com of “Location, Trigger, Management” and can be applied to any chart you like. Risk:Reward is always a factor and this is something the Trade Manager tool allows you to judge long before you enter.
What is WavEFX?
WavEFX is a timeless yet organic charting style that has been developed to clean up what is messy on lower time-frame candlestick charts. An entire video course has been put together to explain WavEFX and is beyond the scope of this video. If you wish to learn more please visit our website.
What is the Trade Manager?
The Trade Manager (TM) is a tool included with basic VIP membership at ElectroFX.com and provides you with a safe and easy way to trade in a set and forget fashion with just a few minutes here and there.
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