Forex Trading 3 (Trading with the Weekly High and Low)

Forex Trading 3 (Trading with the Weekly High and Low)

This book is Part 3 of the series "Forex Trading" by Heikin Ashi Trader

As is well known, currency markets are determined by 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 highs and lows of the past days or weeks represent significant levels in the
chart. If the market approaches a similar price level again in the following
week, it automatically attracts the attention of market participants. When this
happens, the question arises, as to whether or not the market will turn again at
this level (as in the previous week)?

In this short eBook, Heikin Ashi Trader introduces two simple forex strategies,
using the weekly high and low. 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
Introduction to trading with the weekly high and low
Strategy 1: Chase the Weekly High and Low
Strategy 2: Weekly High and Low Stretch
Practical questions