forex trading strategies tutorial cover If you’ve found yourself on this page – I am going to assume you’re very passionate about Forex trading and want to go places with it.

The sad truth is that there are a lot of potato strategies getting cooked up in bedrooms, and passed around on forums, branded the holy grail.

Everyone’s time is precious! There is nothing worse than wasting a lot of your time on a trading system that leads you down the wrong rabbit hole.

Time is a commodity that is non-refundable.

Don’t get me wrong – there is some golden information out there, but you need to have a bit of industry experience under your belt to be able to ‘filter’ what’s worth investing energy into.

The crazy amount of foreign exchange information that poor in when you do a google search can be an overwhelming, and dilute your ability to find reliable trading strategies to get you going.

You might already be trading Forex, but looking for simpler Forex trading strategies to supplement your current regime.

In this tutorial, I am going to share 3 strategies with you which are:

  • Forex Trading Indicator free, only need clean price charts
  • Require no ‘extra’ tools, just your charting software
  • Have a simple & effective price action approach
  • Reveal straight-froward, uncomplicated trade signals you can spot easily

When Forex strategies have these kinds of properties, they are easy to stick with for the long run (like a well designed diet).

Let’s put things into gear, and begin…

 

Forex Trading Strategies Using ‘Indecision Doji’ Candles As Breakout Trading Setups

This is one of the most overlooked and underestimated Forex trading strategies!

There are many definitions for a Doji candle – you can probably find over 10 variants! I am going to stick with the generic definition here, which I think works best.

The ‘indecision’ Doji‘ is the one I trade – it’s a very simple to understand signal, and extremely easy to spot on the charts too.

An indecision Doji candle has a small centered body, with wicks protruding out both ends of the body.

doji candle anatomy

As the title suggests, this candlestick pattern represents indecision. The market is communicating to you that it tried to move higher, and it tried to move lower, but ultimately closed off back around the opening price.

The idea is to catch the breakout of the indecision. In general, we aim to catch bullish runs as price breaks the high, or bearish moves as the market breaks the low of the Doji.

doji forex trading strategy basics

Above: The basic way to trade these is to wait for a breakout from the ‘indecision’ the candle represents. We do this by catching price as it breaks above (buy), or below the candle range (sell).

There are also some more advanced tactics where we wait for a break of one end of the Doji, but only take action if it fakes out, reverses, and breaks the other end instead.

Doji candles print very frequently, and can be seen across a few time frames. Very easy also to spot with your eye!

doji candles all over the chart

Above: Yep, Doji candles form often, across all time frames.

One important thing to remember is that the more ‘data’ that you have packed into a candlestick pattern, the more reliable it will be.

Meaning: A Doji on the Daily time frame has magnitudes more value than a Doji on the 5 minute time frame – which is true for any price action Forex trading strategy.

In my crazy price action Forex tips article – I talk about how traders screw themselves over constantly by trading candlestick signals in isolation and give away my approach to a candlestick signal trading strategy decision.

So, the first lesson is: don’t trade every single Doji you see!

What is the difference between a good and a bad Doji signal?

We want to target them at points on the chart which have high technical value. Locations where you know the market has a ‘decision’ to make.

Looking for key locations like:

  • Proven support and resistance levels
  • Swing levels within a trend
  • Trend line structures
  • Any point on the chart your technical analysis tells you the market should ‘break or bounce’

Check out this Doji setup below…

doji candle setup on weekly support

Above: The indecision signal formed on a weekly support level – where we highly anticipate a ‘bounce’.

With that logic in mind – we only look for bullish breakouts

doji candle weekly support breakout strategy result

Above: As expected, a ‘bounce’ occurred off the major level, and price broke above the indecision high – kicking in our bullish trade order.

It’s all about using your technical analysis to find key areas where you know the price action has a ‘break or bounce’ decision to make. Wait for an Indecision Doji to form, then trade the expected outcome (usually bounces).

indecision doji trading strategy on resistance

Above: With simple technical analysis – we easily spot a clear resistance level on the chart.

An indecision Doji candlestick pattern forms, so we look for bearish follow through off resistance (trading the bounce), and use the break of the Doji low as a trade trigger.

doji candle successful breakout trade

Above: The market follows through with the indecision breakout, and explodes downwards.

We can also use them in trending conditions to catch trend continuation.

The best place to target Dojis in a trend is at swing levels (old support turned new resistance, or reverse of that).

doji in a trend strategy

Above: In a trending environment – look for indecision Dojis that form at swing levels. Target breaks in the direction of the trend.

doji trend strategy after result

Above: A nice result after trend momentum picked up via the swing point, broke the Doji high to trigger the trade, and continued to trend higher for days.

It is as simple as it is critical, that you perform good technical analysis first – then you can line up your Doji breakout idea to see if it fits.

good vs bad indecision signals

Above: A glance at what separates a good indecision breakout opportunity from a bad one.

Remember, Dojis form very regularly – it’s your job to use your basic technical analysis to filter the bad from the good.

If you don’t have good chart reading skills, and can’t pick up the basic structure or context of the market – you might run into frequent trouble trying to trade these candlestick patterns…

When you apply this Forex strategy – just remember you will see a lot of Dojis printed, but only a small selection of them will be good trading opportunities.

Checkpoint

Dojis are a very common candlestick pattern. The indecision Doji is the one I use as a breakout signal.

Some key points to remember

  • Do your technical analysis first before you consider the Doji as a trade opportunity. In most cases, simple price action analysis will rule it out as a viable trade
  • Match them up with important technical points on the chart, where you know the market has an important decision to make – then plan to trade the ‘break or bounce’ via the Doji breakout
  • Don’t be tempted to trade Dojis on low time frames – the less data in the candlestick, the less reliable the pattern.

The Flag Pattern – A Trend Continuation Strategy

In my opinion, flag breakouts are one of, if not the best Forex trading strategy for trending markets.

Because of the simple nature – flag breakouts are another overlooked gem, usually because Forex traders are always chasing the more complicated methodologies!

Like always, flag breaks work well on higher time frames – but I’ve even seen them work well on charts like 1 hour time frame!

Here is my ‘to the point’ breakdown of what flag patterns are, and how I trade them:

  1. A trending structure must be in place.
  2. A counter sloped, trend line develops against the existing dominant trend (the flag line)
  3. The flag line breaks in the direction of the trend
  4. Trade the ‘breakout candle’

Let’s look at an example.

bullish flag strategy setup on daily chart

Above: This is my text-book scenario for a bullish flag breakout. A strong trend in place, then shorter frequency lower highs develop against the trend – creating a counter-trend, trend-line.

We’re now waiting for the flag line to break, which signals trend continuation.

bullish flag breakout signal

Above: A breakout signal! A bullish candle closes above the flag structure. We’re looking for a convincing close here, not a candle with a large upper wick.

Once we have the breakout candle, that’s our cue to get long. There are a few different entry, stop loss, and money management combination you can apply here.

I can’t cover them all here, I’ve dedicated a few modules to these subjects in our War Room Forex course.

The basic way is to buy/sell the breakout candle event (after it closes), and place a stop loss below the breakout candle.

If the breakout candle is really large, then other strategies need to be deployed to tighten the stop.

bullish flag breakout success

Above: The follow through move after a breakout candle busted the flag structure.

Hopefully you can see the value in this as a trend continuation strategy.

When the market is trending, these flags are actually forming all the time, right under your nose. If you haven’t been looking for them, then you’ve probably been overlooking many opportunities.

If you’re into the lower time frames (like 1 hour), open up your charts and check out what you’ve been missing…

flag breakout candle events on 1 hour

Above: Even on a 1 hour chart, flag structures are actually worth looking out for.

You can see above during a strong trend, even the 1 hour chart produced the goods. The 1 hour chart is normally a difficult chart to apply swing trading strategies to, but flag breaks within trends just work so nicely.

examples of bearish flag breakouts on a 4 hour chart

Above: The power of catching flag breakouts within a trending environment. They key is to make sure the broader market is trending before you consider looking for flag trade opportunities.

You do see flags form within consolidation or in ranging cycles, but they just don’t offer the reliability, or reward potential. That’s why I only use them as a trend continuation trading strategy.

Checkpoint

Flag structures are counter directional trend lines that form against an existing trending structure. The event we’re looking for is a breakout candle. Once a breakout candle signals trend continuation by closing on the other side of the flag – that’s our cue to pull the trigger on a trade in the dominant trend direction. Flag trades surprisingly work well on lower time frames, as well as higher swing trading time frames.

 

The Rejection Candlestick Reversal Trading Strategy

The rejection candle is one of my most utilized candlestick pattern signals.

The anatomy and concept is similar to the classic ‘Pin Bar’ – which is the most engaged topic of interest in all the price action discussions, and communities online.

Rejection candles are a candlestick pattern that communicates denial of higher or lower prices. The market tries to move to an area, but it ‘rejected’ by the market.

This denial leaves a very distinct feature in the anatomy of the candlestick – a long lower or upper wick.

The better quality rejection candles pack thicker candle bodies (closing in the direction of the rejection).

rejection candle anatomy

Above: Simple anatomy diagram, comparing the classic pin bar to the more authoritative rejection candle pattern that I use.

Rejection candles have a thicker body. The ‘bounce’ from the rejection causes the closing price to be higher or lower than the open price.

The thicker body demonstrates more strength and authority as a reversal signal in the rejection candle anatomy.

What’s the #1 quality factor for rejection candles?

I am going to stay something stupidly simple here – the key is to match them up with technical areas on your chart, where you expect price to reverse.

Such a simple concept that many traders don’t use! Most Forex traders out there will trade any and every rejection candle (or pin bar), that pops up on their chart.

I like to target these guys at:

  • Weekly support or resistance, the major turning points (counter-trend opportunities)
  • Swing points within a trend (trend continuation opportunities)
  • Range tops and bottoms
  • Very over extended prices (mean reversion opportunities)

Check out the bearish rejection setup below…

rejection candle at resistance

Above: A nice bearish rejection candle forming at a resistance level. Remember, rejection candles are a reversal signal – and strong resistance levels are an expected turning point. The signal matches the context!

rejection candle after result

Above: A very nice follow through move to the down side, after the bearish rejection sell signal printed.

Don’t fall into the trap of ‘trading every candlestick pattern’, just because they’re there. Get into the habit of doing technical analysis first, then build that analysis to the candlestick trade idea, for synergy and quality control.

bullish rejection trade signal at new support

Above: Simple technical analysis tells us this level is likely to cause the market to bounce, as old resistance holds as new support.

The bullish rejection is printed as a result of a bounce (at least the beginnings of one) – therefor it fits well with our technical analysis, and has a lot of synergy with what’s going with the chart.

support holding and bullish price action signal strategy pays

Above: The technical analysis and the rejection signal both play out as expected, and become a profitable trade idea.

It’s just as simple as lining up the rejection candle (a reversal signal), which those likely reversal points on your chart.

Try to avoid trading rejection candles when there is a lot of congestion to the left.

bad rejection signal examples

Above: An example of not lining up technical analysis, context, or reversal points with your rejection candle signals.

These are dud signals because they hardly met any of the analytical quality control points we’ve talked about in this tutorial.

If you see heavy congestion to the left, and the rejection candle formed in the middle of it all – then that’s a red flag.

Also if you plan to go against the trend (which can be profitable), you better line up strong rejection candles with major reversal points (tip: get these from weekly time frame)

When you look back through your charts to evaluate these signals, take note: you will find them everywhere!

Be careful of confirmation bias – which means you only ‘see’ the profitable signals located at the tops and bottoms of moves in history, but you over look the signals in-between, which are the ones you would have likely been screwed over ‘in the trading moment’.

Rejection candles & pin bars are a fairly straight forward signal, but they are not the holy grail ATM machine that prints out everlasting money (which is how I’ve seen them promoted). They are only lucrative when combined with good technical, and price action analysis.

Checkpoint

Rejection candles, and pin bars are a very commonly discussed, and promoted signal in the price action world. Like most candle patterns, they form very frequently, and need to pass good quality control checks before they will pay out. These are more of a swing trading level signal, which work better on 4 hour -> daily time frames – weekly chart too if you have patience for some longer term trades.

 

Forex Traders – Make These Forex Trading Strategies Work For You

putting all the strategies together I’ve given you a lot of brain food here – ideas should be pouring out of your ears!

The most successful Forex trading strategies need to go beyond the charts. We need strong money management and a solid mindset to complete the recipe for long term survivability in the markets.

Obviously there are risk management techniques that need to be coupled to the strategies you’ve just be shown here. There are ‘risk mitigation’ strategies that I have modeled, and some other aggressive strategies.

But for simplicity sake: my goal is to always make sure that winners pay up way more than my losses – at least 3x more in fact. This positive risk reward ratio is the key to keeping your head above water, and eventually turning a profit over many trades!

There is a saying among experienced Forex traders: “Forex is simple, but it is not easy!”

What we’ve discussed here today is the simple technical side of trading, however, the true mastery comes from a trader’s mind-set, and is what makes him/her a winner in the end. That’s the insanely difficult part no one talks about.

To make these strategies work for you, you’re going to need to be disciplined, focused, and consistent with what you do in the markets. I recommend reading “Trading in the Zone” by Mark Douglas.

That book will give you a real good kick up the culo, and start to dramatically change how you think about your trading.

Did the strategies in this tutorial spark your passion? If so, feel free to look through my other Forex tutorials and videos here – there is a lot of helpful information for free on the site for you.

If you want to really get involved with how I trade, learn all my strategies, secrets, or even get a hold of my custom metatrader software (which does some crazy stuff) – then you’re welcome to check out my private War Room program for Traders.

It contains everything under the one membership to keep things simple – just the way I like my Forex.

So, these are my ‘getting started’ Forex trading strategies that work in today’s markets  – which should be especially helpful to newbies.

I truly hope you got some value from this tutorial, and are ready to dig into your trading and try some of this stuff out.

If you liked the content, don’t forget to leave me your comment below.

Best of luck on the charts 🙂

Your Feedback is Important to Me - Please Submit a Comment Here...

97 Comments...


  1. default avatar

    Swervie

    Good, I’m a professional Trader since I started reading and mastering your articles, please drop more articles.
    Thank you so much ❤️


  2. default avatar

    Chris

    Great job. I can see you a sound knowledge of the subject matter.


  3. default avatar

    Yudi

    Awesome article, I hope you continue more share article


  4. default avatar

    Ashik

    It’s just awesome. To the point discussion. Now I am full confident.


  5. default avatar

    Patrick sambwe

    TRYING IT


  6. default avatar

    Uzzal Kumar Baidya

    The forex guy tools always is good. very helpful post. I always read article in this website.


  7. default avatar

    Edgar

    Excellent article brother. The way you set it up is just excellent. I enjoyed reading it. Thank you for your time and effort as well as the value you provide to each and everyone of us. We appreciate you. ????


  8. default avatar

    Tonderai Peter

    I wish I had come across your articles before wasting money paying fake Gurus.Thank you sir.May God bless you and your family.This is good stuff.


  9. default avatar

    Yeronimo

    I really got something to practice. Thanks


  10. default avatar

    mohamed dahir

    really i liked it, thank you sir for the posting


  11. default avatar

    Zahid Hossain

    Just excellent ????.


  12. default avatar

    dharambir

    very good & transparents


  13. default avatar

    William

    Really really appreciate the help.
    I’m actually getting a hang of this so seeing it all properly elaborated really did a lot for me. Thank You Dale


  14. default avatar

    Kevin

    Indecision Doji is interesting, It was my first time reading this strategy, you can also try to use fxleaders with this strategy too then tell everyone about your experience ok?


  15. default avatar

    ediv

    great classic tutorial,no fluffs but straight to the points.


  16. default avatar

    TRILL_4X

    I see a lot of Weekly Support/Resistance lvls, and Daily Lvls, but I don’t see how you ‘pick’ them. Support and Resistance can be and are completely ‘subjective’ person to person. How do you choose your level locations? And are there ‘set rules’ in your choice of location?

    1. Replying to: TRILL_4X

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  17. default avatar

    ally

    I enjoy the lesson its so nice pen the mind… thanks a lot


  18. default avatar

    Bart

    And of course do this 3 strategies with a forex signal provider that will fit for beginner like FxLeaders that can be used by a new trader.


  19. default avatar

    Tapos Chandra

    Very nice.


  20. default avatar

    Vitaly

    Hi, Dale
    Thanks for this article, it is really good.
    As an experienced trader, do you mind to recommend a good fx broker, who doesn’t do scam, stop hunting etc? Thanks very much.


  21. default avatar

    Askar

    Thank you for this wonderful tool


  22. default avatar

    Frantz K Prevalon

    Great Read, I’ve read this multiple times. Thanks.


  23. default avatar

    Angel komane

    I also want to join trading


  24. default avatar

    Blue Trading

    Thank you sharing this wonderful collection of winning strategies and i hope they are gonna thrive. I will give them a shot definitely with small investment and will leave my feedback if they work or not.

    Regards


  25. default avatar

    Jaba Forex Training

    Great! Thanks for sharing the 3 best Forex trading strategies for beginners. Keep posting.


  26. default avatar

    Heru

    Most powerful article and very useful, good combined with technical analysis and price action…..and I really love it

    Thanks a lot

    Newbie


  27. default avatar

    John Neil

    I’m a newby but have attended and paid big sums for forex courses over the years in Australia mostly teaching to trade short intraday timeframes. You are so right it’s a fast way to draining your account. I’m passionate about forex and PA seems to appeal to me. There is so much out there everyone searching for the perfect system that’s going to make them squllions. I’ve just read Trading in the Zone what a revelation you are so correct it’s your mindset you need to work ion. How do I sign up to receive your education
    Thanks
    John Neil
    Newcastle BSW


  28. default avatar

    denis mwabu

    when reading your content it was the best feeling have ever had when studying forex staff great man this was perfect


  29. default avatar

    Kelvin Abu

    Great content i really enjoyed it


  30. default avatar

    Alceu Pimentel

    in the past i download your inside bar indicator but i have a glitch in my computer and it dissapear at all. can you send me your indicator back for me? i would appreciate this.


  31. default avatar

    Nahid Akter Khan

    nice article, easy to understand, thank you. 🙂


  32. default avatar

    Huy

    Sincere thanks for the article for a simple strategy but I think it’s great.


  33. default avatar

    aslam

    thanks mate for all the valuable information simply great


  34. default avatar

    AKIM

    This has really opened my eyes to how easy trading should be.thank you for this great content man.swing trading is the way to go.


  35. default avatar

    arveeseck

    wonderful sinple trading strategy which works best for longer timeframes many thanks


  36. default avatar

    james moore

    article was very clear and understanding


  37. default avatar

    Emmanuel Geffie

    Thanks a lot for your generosity.


  38. default avatar

    Michele

    Very good


  39. default avatar

    CXFX

    Great article, as others have already said. Thanks for taking the effort.

    I have a question left. With “The ‘Indecision Doji’ Candle Breakout Trading Strategy”, do you recommend that the the low/high of the Doji will be broken in the next candle? Or can it be the 2nd or 3rd as well. If feels like the moment is over by then, though the breakout can still happen of course.

    What do you recommend?

    1. Replying to: CXFX

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  40. default avatar

    Flynn

    Loved your write up regarding how to properly trade these. Found it very helpful.


  41. default avatar

    Antonio

    Hi Dale

    These are the kind of analysis that I love to see.
    You are the kind of guy I would like to follow.
    Unfortunately even with so many good explanations it is dificult to find either time or discipline to put in practise.
    I have seen so many traders that can understand but fail at the time they need to apply all the rules and principles.
    I have seen some of your other videos and I have liked them.
    Do you provide paid forex signals?

    Regards

    Antonio


  42. default avatar

    Anthony

    May God bless you a thousand times. After reading this articles my view about my trade changed totally. Going to work with this doji.


  43. default avatar

    Amos

    First of all, this site is gold! especially for a newbie like me still trading demo accounts. Continue the good work. I also noticed the flag formations are on an Elliot wave. holy crap! i am learning!!


  44. default avatar

    Mike

    Nice posting, thank you. A timely reminder!


  45. default avatar

    Tsokolo Mokoaleli

    I have really enjoyed reading your material,they are very helpful and like the way you explain concept and your graphical examples are really helpful. Please continue with the good work that you are doing.

    Regards,

    Tsokolo


  46. default avatar

    Genevieve

    Great advice thanks will try these. What platform do you suggest is the best to use. Thanks


  47. default avatar

    Mitchell

    Hi Dale excellent article! good brain food as you pointed out in your article. Looking forward to becoming a part of your war room very very soon.


  48. default avatar

    David O'Connor

    As a teacher, I love to see clear, simple explanations, backed up by logic and examples and with consolidation points to revise. Really impressive, thanks a lot!


  49. default avatar

    Kelvin Gan

    Hi, Thank you for sharing good information. I’m a beginner in forex trading less than a year . Hope to hear more information and guidance for you .


  50. default avatar

    Siphamandla

    Thank you so much very insightful and easy to read and understand I can’t believe such info is available for free. I’ve paid so many self proclaimed forex gurus to assist me yet they info was not helpful at all. Thank you so much God bless


  51. default avatar

    Johann Schonfeldt

    Hi there Dale
    Thanx for the Valuable Info on these 3 Trading Strategies.
    My Goal for this Week coming is to Scout for Flag patterns on the 4 hour Time Frame and Use Indecision Doji’s as Entry Points.
    Have a Blessed Week
    Johann


  52. default avatar

    Utham Ramnarine

    Love your tips and to the point-ability….
    Second day live with 120usd deposit.
    Definitely going to post more updates
    Blessed love ????????


  53. default avatar

    jeanphi

    Good morning.
    Nice article ! thank you
    You are provider signal? thank you


  54. default avatar

    Michaelforex

    hi Dale. Nice article, I like the way you use the median values to help in price action strategies. Can i also use the alligator (5,8,13 smoothed MAs applied to median price) in substitution to mean values (10 and 20 ema). I await your reply on this suggestion. Thank you


  55. default avatar

    RoooooOoon

    I enjoy reading your articles sir, its so awesome and newbie friendly. 🙂 So easy to understand not like other articles out there in google. I bookmarked now your website, i will always read your post if im not busy at work. 🙂


  56. default avatar

    Amyrul daniel

    Great article and been watch your video on youtube. Very useful and simple for beginner like me. And how do i get the trade tools like you use on mt4. Thanks from Malaysia


  57. default avatar

    Amyrul daniel

    Been seeing your video on youtube recently. Really great content and simple. I am a beginner trader. I just invest 100 dollar for begin trade. After sees your video i can make a little profit consistently. But more to learn on risk reward and so on. And how do i get to have the trade tools like you use on mt4. Thanks to you from Malaysia


  58. default avatar

    Johann

    Thanks Dale !!
    I’m sure this is what I’ve needed to get my trading back up to par!
    I do like you’re work and the simplicity of the strategies.
    With the war room package, you said about the trade alerts to your phone , does your computer at home have to be on for you to get the alert setups on your phone during the day?
    Thanks again
    Johann

    1. Replying to: Johann

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  59. default avatar

    Jeremy Dugdale

    Excellent. Started trading on daily charts forex and shares using moving averages only. Charts look good but stop loss a lot higher due to swings. Your trading is something I’d like to explore. Im going to do this full time in 3 weeks time to see if I can make a modest living from Trading. If not it’s back to work.

    Any suggestions?


  60. default avatar

    Fxraj

    Amazing strategies so easily learned from simple and to the point language. These form the basis of newbies forex crutch.


  61. default avatar

    mandla

    nice article educative


  62. default avatar

    Per Paterson

    I like this very nice and structured presentations with nice non-messy charts to look at with good text. Nice to be reminded of doji, flags and rejection candles. Very valuable information about pin bars not working well in correction areas. Like your work very much and the simplicity behind it, not easy to do.


  63. default avatar

    Indika

    Very good One.
    Thanks.
    Indika


  64. default avatar

    vasilika

    hello. thank you for this lesson. It was so helpful for me. Thanks a lot


  65. default avatar

    Wasim

    Very good article……..
    great work.


  66. default avatar

    Jun Hiano

    What best technical analysis can be used for the three strategies you presented?


  67. default avatar

    Roy Peters

    The doji section is an eye opener. I’ll definitely look into trading dojis at key levels in the market. Thanks.


  68. default avatar

    sentosa masyhor

    thanks MR DALE.easy strategy but not easy for me


  69. default avatar

    Wayne Wardman

    Thank you Dale, a very good presentation
    Wayne


  70. default avatar

    muhammad ashraf

    hi,
    thanks my brother for best tips GOD bless you and your sweet family


  71. default avatar

    Nathi

    Thank you for sharing such information, you just gave me what I needed. I hope I’m going to do better now in my trades.


  72. default avatar

    andywallington

    Excellent article Dale!
    Have been working my way through your course over the last few months and this is a great summary of some of your key points.


  73. default avatar

    Walter Basile

    Thank you very much Dale, I alredy practiced with the doji 🙂
    The other two are amazing too.
    A question, do you sometimes use the Ichimoku? I like to have a look to that on the daily.

    1. Replying to: Walter Basile

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  74. default avatar

    Paul

    Very informative and well explained will be looking for these setups on my charts.
    You do explain things in a very simplistic way that makes it easy for a new forex trader to understand.
    Well done Dale.


  75. default avatar

    Joel Pinto

    Hi, Dale

    Great post. I was already missing content from you. It’s been a while. I am now trading on the daily chart doing price action and swing trading. It is coming out nicely and much more peaceful than lower time frames which were driving me nuts.

    Thanks for the nutritious input. Always welcome.


  76. default avatar

    Souheil

    Hello,
    Very informative and to the point.
    Thank you
    Souheil


  77. default avatar

    enke

    tnx for your article and lesson. you change my mind from 2015. i am happy for found your site. thank you sir.


  78. default avatar

    Rich

    Simple and easy to understand. I’m still studying with a demo account and will put these strategies to the test. Have lots to learn and have followed your blog religiously. Keep the articles coming, please!


  79. default avatar

    Theo

    Dale,
    Many thanks for this very simple but mind blowing tutorial. It is amazing how much sense things make in trading when it is written down and can be easily read or glanced at either daily or weekly.

    Regards.

    Theo


  80. default avatar

    Roger

    Excellent!!!!! You gave me the missing part of the puzzle which was right in front me and i ciuldnt see it. Cheers mate


  81. default avatar

    tabbrat

    Merci très instructif
    good article very informative Thank you


  82. default avatar

    Paul Cole

    This is a great and an eye opening article I went back on some history on my charts and they all showed up. Thanks Dale I enjoy all your articles


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    Joubert Petrus Lesibo

    Thanks very much I can see the light. I am sure your building my confidence after a big disappointment


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    Duncan

    HI Dale, Three great strategies, some I was previously aware of, however appreciate the additional detail you go into regarding the use of quality control and getting your levels of support and resistance correct and then using those to trade from and in turn identify the difference between a good setup and a potentially bad one. Cheers Duncan


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    Joubert Petrus Lesibo

    Thanks very much I started picking some pieces that make sense to. Hopefully I will start trading with purpose


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    Waldemar

    Good staff, did you back tested or traded them on regular basis and could you shear expected results ? Thanks.


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    mounir

    Helpful
    thank you
    but i guess in video it will be better


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    vickie

    I know this article is targeted at beginners, but I think it’s a great reminder for experienced traders as well, who sometimes forget the basics when they are focusing on more complicated strategies. Thanks! Great refresher!


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    Tim

    I enjoy reading your articles, but could you mare them print friendly so I can take them with me, for when I’m not connected to a computer?
    Thank you.


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    Gabriel Braidotti

    Awesome, easy to understand, article! Great starting point to those who want to start understanding graphs and mentality! Wish I had an article like this when I 1st started studying and trading.

    1. Replying to: Gabriel Braidotti

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    Steve

    Great article, thanks for posting! 🙂
    I’ll be checking these out on my charts, for sure.
    Cheers, Steve

    1. Replying to: Steve

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