Forex Breakout Strategy: Simple Trade, Simple Profits.

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Thread: Forex Breakout Strategy: Simple Trade, Simple Profits.

  1. #1
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    Default Forex Breakout Strategy: Simple Trade, Simple Profits.

    Forex Breakout Strategy: Simple Trade, Simple Profits.
    Forex Breakout Strategy: Simple Trade, Simple Profits.

    FOREX BREAKOUT STRATEGY

    Forex Pair: Usd Chf
    In Forex trading, there are various forex trading strategies.
    I would like to show you a forex breakout strategy as shown in the chart above.
    It is simple yet highly powerful.
    In the chart above, we see a series of bearish bars (red bars) -> marked by the yellow arrow pointing down at the top of the picture.
    This series of price action bearish bars represent the selling momentum in the market. And the selling is gaining momentum with the increasing number of bearish bars.
    Therefore, we will be watching the chart for a chance to trade it down, considering that the trend MAY have change from an uptrend to a downtrend.
    Forex Breakout Strategy: Simple Trade, Simple Profits

    Soon after, it formed a big long price action bearish outside bar as marked by the yellow circle.
    (This confirms the downtrend as it has broken the previous lows of the previous uptrend)
    With the big long price action bearish outside bar, and the previous series of bearish bars.
    - It confirms the selling momentum in the market is very strong.
    Immediately after the bearish outside bar, it forms 2 smaller inside bars after which.
    Forex Breakout Strategy: Simple Trade, Simple Profits

    What i see here is a setup for a forex breakout strategy trade.
    - Since the selling momentum is so strong, and with a price action bearish outside bar. We can place a pending sell order below the bar.
    Therefore, i will place a pending sell order as marked by the yellow dotted line.
    And my stop loss is above the previous bars opening and closing. (marked by the orange line SL)
    Our First take profit target will be the previous low (marked by the orange line TP1)
    And our final take profit target will be at the next low (marked by the orange line TP2), which also coincides with our 150 ema.
    Forex Breakout Strategy: Simple Trade, Simple Profits

    Forex Breakout Strategy
    Pls read through the explaination while looking a the charts for at least 2 times to fully understand what i meant.
    I hope youíve learnt how i would have entered on the above situation (forex breakout strategy) and how you can add this method to your future trading methods.
    Do sign up above for our newsletter if you have not done so already as i will update you via email constantly with new forex trading strategies.

    Ezekiel Chew
    Asia #1 Forex Mentor
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  2. #2
    Moderator hunter's Avatar
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    great post

  3. #3
    israr_ali
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    very good post i think u will say well and i think it is very great post

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    i think all are good and profitable if as trader we have a trading command and good trading knowledge and skills then i think we join all of them and get a good profit in forex but i think if as a trader we are new in trading then we should join and use simply trading in forex trading .

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    Market access can only be provided through a forex brokerage account, provided by forex brokers. I opened my account with Bprimes the best and trusted name in forex trading industry. It takes good care of their each and every client. Whey are brokers so important in forex trading? Because the forex market is structured in such a way that it is not possible for a retail trader to enter the market directly.

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    Forex traders should always try to use simple trading strategy to use, because successful traders always use simple and easy strategy for their trading. By supporting this rule I choose scalping trading strategy for my Forex trading with Forex4you broker now I am trading as a scalper. For my scalping trading strategy they allow me low zero spread from 0 pips, instant trade execution, low commission, low transaction cost etc.

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    Most of the platform does not give you the opportunity to grow your capital to become a successful trader as well as. Since there is a broker who can make it possible for you and it is AAFX, and I am trading with them to facilitate my trade, they give you the opportunity to grow the amount of capital. My broker has the service that basically allows me to invest in a large or small level. This system helps me learn all about Forex trading and also helps me earn extra which is an additional income for me.

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    In Forex market there are some point which are important to the market. And market canít easily break these points and if breaks then it go for more pips and carry good trading profit to the traders. Traders who are much learned donít miss this chance because traders can carry good profit utilizing those points indeed. While trading with Trade12 broker you are going to face no dealing desk, reqoutes and slippage issue as a result you can enjoy a fluent trading indeed.

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