Combination Strategies

Simple & straightforward always trumps complex & in-depth, especially where money is concerned
Locate a pair that’s trending handsomely, or behaving itself, establishing clearly visible footprints & you got potential to make some decent cash.

If you can take a robust Daily chart set up & combine it with easily identifiable intra-day signals, you can more readily manage your trades & team them up with common time zone volume (activity) uptake.

The majority of the days Forex volumes are undertaken during London business hours.
2-3.00am eastern will usually signify a noticeable increase in currency activity & will generally continue into early morning New York business (7-10.00am eastern) before tailing off as the London business day, & the large volume order blocks, fizzles out.

Linking intra-day trades with the above Daily timeframe strategy, as London gears up for business, can offer excellent low risk opportunities on a very consistent basis.

It doesn’t take but a few minutes at end of day, & again first thing in the morning, to scroll through the selection of pairs & identify follow-on trades.

By executing smaller timeframe trades in the direction of the larger timeframe trend, you stack the odds a little more firmly in your corner.

The opportunities are plentiful across the various pairs. This EUR/GBP set up being a classic example:
Daily bars trending up in uniformed manner
Trigger bar trading above the 5sma
RSI above 50

On the shorter timeframe (in this example the 15 minute chart), mark up the chart to focus the London open & ensure any potential trade is executed on the ‘long side’ preferably on or around a breakout of a prior high, or a pullback in line with a confirming price aid, such as a stochastic or rsi hook.

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