Forex Trading Strategies – Day Trading – Feb 19th, 2014
Simple Forex Trading Strategies that Work:
Another day trading video for the series but this time using just an image and including a slightly deeper understanding of WavEFX. This trade was on the GBPUSD to go long just after the Euro Open which is a trade that has been covered before in this series. In this video a more hands on approach is used but still making use of the Trade Manager to keep the option of switching to a set and forget style open. The 89 tick chart was used to fine tune entry but does require a level of expertise to be effective with. This trade ended up being a 1:3 risk:reward trade.
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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