If you have an office job and don't have much time in the day, you can use this End of Day Trading ideas that does not take more than one hour to enter a trade and leave it for the following 24 hours. The next day, you can check how well the swing trade went. This End of Day Trading ideas only need one hour colse to the close of the Ny Trading Session to enter a trade.
With this End of Day Trading System, you don't need to trade frequently. You only need to enter just one trade with high probability setups. This way, you sacrifice your trading cost and maximize your winning trades. Lower trading cost is going to help you breakeven soon in your trading.
Now, you can use this End of Day Trading ideas to trade the six major currency pairs like Usdchf, Eurjpy, Audusd, Usdjpy, Eurusd and Gbpusd. Now, you will study these six currency pairs on the daily charts for at most one hour at the close of the Ny Session that is colse to 5:00 Pm Est with these indicators: 50,100 and 200 Sma and 100/200 Bollinger Bands plus 14/7/3 Stochastic. This is an very powerful swing trading recipe that can give you a high probability trade. You only need to monitor the six pairs on their daily charts and pick the one that gives the top probability of a winning trade.
The idea behind this End of Day Trading ideas is identify entry zones for high probability trades and enter when a clear trading signal is generated by observing the price activity on the Daily Charts. A swing trade is entered in opposite direction to the new move.
Everyday, you should clear your desk at colse to 5:00 Pm Est when the Ny Session closes. Open the daily charts for the six currency pairs on your monitor at the same time. This is meant to give you a cursory discern on picking the currency pair that best fulfills the trade conditions. Now, pick the currency pair whose price activity is touching or is very close to whether the three 50,100 or 200 Smas ( easy intelligent Averages) or the 100 or 200 Bollinger Band (Bb)
Now, suppose you find one such currency pair with its price activity touching the above indicators. If it does, take a look at the Stochastic oscillator to see whether it is in the overbought or oversold condition. Stochastic indicator should be in the overbought or oversold condition. You will further confirm the reversal using candlestick reversal patterns like doji, hammers and others. When you get the reversal confirmation with the candlestick pattern, you will enter the trade in the opposite direction of the move made by the currency pair price action!
This is an very productive and powerful swing trading recipe for those having jobs to enter a trade at the end of the day by observing the six currency pairs at the end of Ny Session close. Now keep these money supervision rules in mind when you use this method. Don't use leverage more than 5:1. Use recompense to risk ratio of at least 2:1. This advent is to practice this End of Day Trading ideas Swing Trading Strategy on your demo account for a few weeks. Once you have made a whole of victorious trades in a row, you can start trading live. Good Luck!
End of Day Trading principles That Can Make You Money in 30 Minutes Each Day
