How Do I Analyze Day Strategies?

How Do You Trade Day Strategies?

The forex day strategies below can be used by traders to come up with a written day trading systems that can be used to generate day trading signals the day trading system below using the 1 hour chart time-frame.

Day Strategy Rules: Day Strategies

Trading system is a set of day strategies rules that you follow to generate forex trading signals for your forex trades. These day trading rules must be written down on a day trading plan so as to guide you when you want to open forex trades. The following day trading example template will show a beginner trader can write the forex day trading rules of their day trading forex system.

The keyword is a set of forex trading rules which as a day trader you must follow when forex trading. If you don't follow these day trading forex rules specified on your day trading strategy then you don't have a day trading system. Day systems & day strategies must have forex day trading rules that are written down in your day plan.

Forex Intraday Strategies

How Do You Analyze Day Strategies?

You can come up with your day trading system using the steps below:

Step 1:

Choose your Day Chart Time Frame - 1 hour chart time-frame

Step 2:

Select Indicators which spot a new trend - Moving Average Cross-over Forex Strategy.

Step 3:

Select Indicators that confirm the forex trend - RSI Indicator, Stochastic Indicator

Step 4:

Finding entry and exit points for trades

Buy Signal

1. Both Moving Averages moving upward
2. RSI Indicator above 50
3. Stochastic oscillator moving upward

Sell Signal

1. Both Moving Averages moving downward
2. RSI Indicator below 50
3. Stochastic oscillator moving downward

Exit Signal

1. MAs Indicator gives opposite signal
2. RSI Indicator gives opposite signal

Step 5:

Calculating risks in every trade - 20 pips

Step 6:

Write down the forex day trading system forex trading rules

Step 7:

Test the forex day system on a practice forex trading practice account

After following these steps and coming up with the written forex system rules - Day Trading Strategy below.

Writing Day System Forex Trading Rules

How Do I Read Day Strategies?

This forex day trading system produces buy signals and sell signals as shown on example below. Using these day trading rules - forex day traders can determine when to enter trades and exit forex trades.

How Do You Read Day Strategies?

After completing writing the rules of this Day Strategies - This is one part of the forex trading plan. To learn about how to create a forex trading plan - how do you write a forex trading plan?

How Do You Analyze Day Strategies?