Darvas Box Forex Technical Analysis and Darvas Box Forex Trading Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the trading methodologies that Darvas combined to form his stocks trading system. Along with this trading methodology he made accurate trading decisions.
Forex Technical Analysis and Generating Forex Trading Signals
This trading method is used to generate trading signals based on a simple breakout strategy of the Darvas Box lines.
If the price of a currency pair breaks out at the top box line , then this is a bullish signal
If the price of a currency pair breaks out to the lower line, then this is a bearish trading signal.
The example below shows a bearish signal generated from the Darvas Box Indicator.
Break Out - Bearish Signal