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    Forex Trading: Part 2: Two strategies with weekly pivots
    Forex Trading: Part 2: Two strategies with weekly pivots
    Forex Trading: Part 2: Two strategies with weekly pivots
    Ebook29 pages15 minutes

    Forex Trading: Part 2: Two strategies with weekly pivots

    By Heikin Ashi Trader

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    About this ebook

    Forex trading


    Part 2: Two strategies with weekly pivots


    This book is Part 2 of the series "Forex Trading", by Heikin Ashi Trader


    As is well known, currency markets are determined by the news. However, since news is rare, most currency pairs move sideways 80% of the time. In other words: it is very difficult to trade currencies profitably with trend strategies. The "Forex Trading" series, therefore, deals with strategies that are specifically designed for sideways markets.


    The "Pivots" in Forex are an interesting phenomenon because here, more buy or sell orders are waiting to be executed. Anyone who studies charts of currency pairs will find that the market often turns at these so-called "pivots" and starts to move in the opposite direction, at least temporarily.


    In this short eBook, Heikin Ashi Trader introduces two simple forex strategies, using the weekly pivots. They are easy to understand and implement (even with small accounts). These two methods are therefore excellent for traders who are looking for forex strategies that can be successfully traded without the need for much analysis.


    Table of contents


    How to trade the weekly Pivots


    Strategy 1: Trade the Pivot


    Strategy 2: The “last 20 Pips” Strategy


    Should I change the parameters if trading isn't going well?



    About the Author


    Heikin Ashi Trader is the pen name of a trader who has more than 19 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.

    LanguageEnglish
    PublisherDAO Press
    Release dateMar 25, 2020
    Forex Trading: Part 2: Two strategies with weekly pivots
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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      Book preview

      Forex Trading - Heikin Ashi Trader

      Forex trading

      Part 2:

      Two strategies with weekly pivots

      Heikin Ashi Trader

      DAO PRESS

      Imprint

      Copyright © 2020 by Heikin Ashi Trader

      All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission of the publisher.

      First edition, January 2020

      The information presented herein represents the view of the author as of the date of publication. This book is presented for informational and entertainment purposes only. Due to the rate at which economic and cultural conditions change, the author reserves the right to alter and update his opinions based on new conditions. While every attempt has been made to verify the information in this book, neither the author nor his affiliates/partners assume any responsibility for errors, inaccuracies, or omissions. At no time shall the information contained herein be constructed as professional, investment, tax, accounting, legal or medical advice. This book does not constitute a recommendation or a warrant of suitability for any particular business, industry, website, security, portfolio of securities, transaction, or investment strategy.

      Published by:

      Dao Press is an imprint of Splendid Island, Ltd.

      Scanbox 05927

      Ehrenbergstrasse 16a

      10245 Berlin – Deutschland

      Table of Contents

      Title

      Imprint

      How to trade the weekly Pivots

      Strategy 1: Trade the Pivot

      Strategy 2: The last 20 Pips Strategy

      Should I change the parameters

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