Return to Home Page


Advertisements



Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Forex Trading Systems – Ping Pong Trade
#1
Forex Trading Systems – Ping Pong Trade
[Image: usdchfh4c.gif]


I like to call this a ping pong trade.
A nice forex price action pin bar formed on the forex pair: Usd Chf
Its a price action forex pin bar that is in line with the uptrend. (Remember to always trade with the trend)
Moreover, it has the 150 moving average (marked by the orange line) as support.
By just judging the above points alone and not adding other confluences, its a already a good trade to enter.
So where is our First take profit area? The blue line of course. Our 200 moving average.
Price will definitely stop at the area for some resistance. So that will be our take profit target.
So its pretty simple. Price touches the 150, and bounces back up to the 200. Just like a ping pong.
Forex Trading Systems – Ping Pong trade Follow up

[Image: usdchfh4d.gif]

Price indeed reached the 200 moving average to find resistance. And we have gotten our profit.
A quick profit we got here.
What we can learn from this scenario:
Forex trading need not be hard. By looking at it in this way, it is plain and simple.
No difficult forex indicators whatsoever. Just price action with moving average = Profits
Check out our Winning Asia Forex Mentor Price Action Forex Course where i teach you the exact FULL Forex Trading Systems that i personally use.
See you on the other side my friend,

Ezekiel Chew
Asia's #1 Forex Mentor
Reply




#2
Do you provide any Forex Signals...
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  What is the best Forex Technical Trading Indicators. Trade without losing money Dineshi 0 842 10-04-2015, 09:57 PM
Last Post: Dineshi
  Who is the Best Forex Broker in Forex Market. Best Forex Broker Service cqruwan1200 0 329 09-28-2015, 11:55 PM
Last Post: cqruwan1200
  Who is the Best Forex Broker for Forex Trading in the world. Tony 1 1,051 09-24-2015, 07:38 PM
Last Post: Rashika Basnayake
  Forex Trading in Sri Lanka. Do not start forex trading. monika 1 1,313 09-24-2015, 07:35 PM
Last Post: Rashika Basnayake
  who is the best broker for forex trading? Tani 3 1,519 09-25-2013, 03:49 PM
Last Post: haley23
  Forex Trading Strategies & System – 2nd Chance asiaforexmentor 1 1,505 04-16-2013, 07:37 PM
Last Post: nila11
  Why we not recommend Etoro as a good Forex Trading Flatform. Nishman109 2 1,552 03-11-2013, 06:47 AM
Last Post: flogger
Rainbow Psychology Of Forex Trading asiaforexmentor 0 835 08-23-2012, 09:48 PM
Last Post: asiaforexmentor
  Forex Trading Strategies – Fibonacci asiaforexmentor 0 1,224 08-07-2012, 05:07 PM
Last Post: asiaforexmentor
  Forex Trading System What happens when 1 pin fails to break? asiaforexmentor 0 1,035 08-02-2012, 03:41 PM
Last Post: asiaforexmentor

Forum Jump:


Users browsing this thread: 1 Guest(s)