COMPLETE FOREX TRADING STRATEGY STE BY STEP USING US DOLLAR INDEX BY FOREX TEACHA
hello guys this is forex teacher in today's video i just want to share a forex trading strategy and how to use my trading system successfully a lot of viewers have asked me to demonstrate how i use my trading system it is very simple and very straightforward and also very very accurate so if by any chance you want to have my trading strategy or you like this strategy or you find this information very useful please don't forget to hit the like button if you want this strategy i'll put my email address on the screen so you can contact me but before you conduct me hit the like button and comment on the video so let's get started guys to be profitable in forex trading you need to have patience you need to have discipline most importantly how to measure your discipline you need to have a trading plan i'd never seen any successful forex trader that doesn't have a trading plan so in this short video i'm going to share my strategy i'm going to show you how to use my trading system step by step i'm also going to show you how you can develop your own trading plan so if you want to be successful you should watch this video to the end so first of all if you don't want to watch the whole video you can actually go to the description i'm going to give you a link straight to the strategy all right but i think it's far much better for you to watch the whole video so that you also know how to develop your own trading plan because you can't jump in to start trading or to watch the strategy when you don't know what is included in the trading plan all right but just in case some of you don't want to watch the whole video you can go to the description of this video and you'll find the link straight to the strategy all right so you can just start watching where the strategy starts all right so what you need on your trading plan first of all you need the assets the asset that you are going to trade all right so in this video this is going to be a us dollar index trading strategy so which means we are only going to be trading u.s dollar pairs so the assets that you are going to need here on your trading plan is any pair that has a us dollar on the side so i'm going to look at the euro usd pound usd aud usd gold usd chf usd jpy um also usd card all right and then you also need to have a specific time frame all right so with this strategy i like to use an h1 chart because i don't want to be looking at the charts all day so i will prefer that the bigger time frame is better for me so it's different for anyone you can also change the settings to use a different time frame that suits your own trading style all right but for this strategy i'm going to use h1 time frame and i don't like having different time frames because it actually gave me confusion all right was the the m15 can tell you to sell yet the m30 is telling you to buy h1 is telling you to sell h4 is telling you to buy so i prefer using one tab one time frame because i don't want to have any conflicting thoughts and then also on your trading plan you should include the tools so some of you like to trade using technical analysis some using uh fundamental analysis so in this video i'm going to use a technical indicator this is based on price action so it's very very easy and once you have a trading plan set it's actually easy for you to even make make pips all right so the most important part of the trading plan this is the risk management and your exposure how many open trays do you have or how many loads do you have i prefer to use a specific percentage or like a risk as a two percent risk all right for all open trades but this depends on each individual all right your risk appetite will determine what you can use i cannot tell you how how much you should you risk but you know how much exactly you want to risk because the bigger part of trading is not just analyzing the markets but it's analyzing yourself so i believe by now or you already know how much of a risk or how aggressive are you so the other thing you need to include on your trading plan is the entry rules all right how you enter the trades the setups of the the trades there's no exception on this one so do not try to enter a trade that is already move away or pass your your setup all right most of the new traders they have fear of missing out that's why when they when they set up forms when they are right in front of their computer they ignore the setup or they hesitate and then when they see the movement it's going in their favor maybe it has already moved 80 pips 100 pips in profit if they if if they place the trade all right they now want to enter the trade because they see that it's a winning trade trading is not like that that's fear of lose of missing out you shouldn't have fear of losing both trading carries a higher risk so if by any chance you want to be a trader and you want to be successful you should also accept that risk all right so that when you start trading you won't be thinking emotionally which is why we have a trading plan so that you just stick to your trading plan so a trading plan is very very important it keeps your emotions in check so the other thing that you need on your trading plan is how to exit the trades this is very very important because you need to know when to exit before you even place the trade all right so i'm going to talk about this i think i'll make a video where i can actually share a complete uh trading plan where i'll explain each and every everything included on the trading plan i don't want to make this video very long so i'm just going to quickly try to jump in and show you on the charts but i know a lot of you wanted to see this trading strategy you didn't want to see the the trading plan but anyways guys let's get to the chat so what you see right here on this on the screen this is my actually my system so i'm going to show you how to trade using this trading system i'm going to share the complete strategy step by step we are going to be using a us dollar index so which means we are only going to be trading the us dollar pairs any any pair that is a us dollar on the other side all right so what we what determines the trade this is how we ended the trades all right remember on the trading plan you included how you entered the trade we need to first and find a setup so how you see the setup this is my trading system what you see on the screen so whenever it's read it means the us dollar is weak whenever it's green it means the us dollar is strong all right so i've put this line right here this this vertical line if you go down here we are going to see exactly the time when the u.s dollar weakened all right at 28 28 july 1800 so we can go to any paid that is the us dollar we go look for 28 july 1800 which is right here all right so since the u.s dollar is weak we expect this pay this is it the pair that we are looking at is pound usd so because the usd is on the right side if the us dollar is weak it means the current pay is going to go up with the us dollar right so pound usd is going to go up which is exactly what we see right here all right so we're going to place our buy trade right here and i like to put my stop loss just below the previous law so this one is very close i know that it's going to retest so i have to give it an extra room and try to put it as far as i think my my my risk appetite will allow me all right you can even use this previous one right here all right for holding for the trades for for long all right so this was a symbol by trade and it went all the way up this was about just before it turned back it went all the way up about 100 pips it's 9900 pips all right this is pound usd so if the you if the us dollar is weak if you take a a euro usd on the same time right here all right this is the exact time right here 28 july 1800 this was another symbol buy trade right here all right so we're going to take a pie and put our stop loss below all right like i said this one can be retested because it's very very close but still if you see this retest that went down here this is only 36 pips so most of my signals i like them to have to go to the previous support or previous resistance all right so that this one can can be broken but the previous one can't be broken unless the trend is already changed which is why i said you should use the previous law the second one which is a bit lower than the the recent one because the recent one is it's going to retest before it goes up so it's up to you to wait for the retest and then you enter the trade but if you wait if you were to wait for retrace right here it was only going to end at the trade up up up right here and you use this as a stop loss which was still going to be a nice good trade of about 50 60 70 pips all right but personally i like to end the right year when i see it just weakening and then i look for the previous low which was my stop-loss just before below this one it was going to be around 4-5 pips normally like to use a one s to two or one s to one at least this trade went all the way about another hundred pips this is euro usd if you go to usd jpy since the usd is on the left side we expect it to be going down the exact time right here so i'm going to load a usd jpy chart all right you can see this is the the time exactly at 1800 28 july it also went down as expected all right so the good thing about having this strategy you'll be seeing this just before it happens before this move all right so you're going to take your trade right here it goes all the way down this is about 70 pips before it actually maintained right here on this line so i've already put some other lines right here these vertical lines to show us when the signal was so that i don't waste time trying to put the lines on the on the charts so i'm going to go again to the charts or before i go there let's quickly look at uh usd card so usd card since usd is on the left and the us dollar index is weakened it means we expect it to go down like usd jpy which is exactly what happened right here all right this is the same thing that is happening over and over again so i'm going to show you a lot of other examples let's look at uh out usd out usd you can actually expect it to go up because the us dollar is on the right side and it's weak which is what happened right here it went up all the way about 66 pips all right so let's just go and try check another signal so the next signal that was there let me just try to put some lines so these lines they represent when the u.s dollar index weakened or when it
strengthened so the next signal is going to be right here it's on the 28th uh let's just try to move this one so that you can see exactly the time for the other one right here this was on 28 on zero so if you go to our time we're going to include that 28 15 0 0 this is 13 14 15 right here all right 15 right here so since this is a us dollar our gsd and the us dollar is strong all right we expect it to go down which is exactly what happened right here all right this one didn't move that much but uh it went all the way i think about okay this one didn't move only out usd it only moved about 10 pips in profit before turning back to close us out at 15 pips in loss all right so we can also look at other current space uh like a this is a symbol for gold xlu usd it simply means gold so since u.s dollar is on the left and it's weak and it's strong we expect it to go down all right we expect it to go down so you can see it went down from up here uh gold went down about 44 pips before turning back to close us out with 20 pips here if you didn't hit your take profit already which is this was another winning trade all right so you can also go to pound usd we expect it to be going down which is what it did right exactly right here okay so we got about 20 pips in profit before it turns all right so if you look at usd jpy we expect it to be going up that exact time all right it went up but when the signal came the us dollar was the the the japanese yen was already weak a day before so by the time this signal came it only moved in profit about eight pips and then quickly turned back it closes us uh with a stop loss maybe eight pips all right so you can already see the advantage of having this trading system the us dollar index determines if the u.s dollar is strong or if the us dollar is weak so it might not be stronger than all the other currencies but it will be stronger than most of them above five or six all right out of the seven seven pairs that you use it will be stronger than the majority of those spares of those current space of those currencies all right but it only gives you the signal when it is already weakened like extremely weak or extremely strong all right so let's go to a signal before that which was only 26 this was a day before two days before i think exactly at 12 0 0 26 so this this is weekend if it's a us dollar jpy we expect it to be going down [Music] at 12 0 0. so 12 0 0 which is this one right here you can see that it went down uh let's just see how many pips you got right there it went down but before going down it went up and down this was just a correction we all know that the market doesn't move in one direction and the previous high is actually this one up here we're going to put our stop loss just above and target depend on the the risk that we use if you are risking 30 pips a year we should also have a target of 30 pips which was hit here or at least one is to two one is to three it's up to you but the further you go is also the harder it gets it so in this example one is to two was hit right here 60 pips so this is just a clean clean clean trade guys if you go to usd card we expect it to be going down as well on 1200 which is right here so this one was going sideways sideways sideways there's no much maybe the way the us dollar was as strong as the the card at the same time was it was going i think our previous stop was supposed to be somewhere here all right which is about 55 pips uh it didn't reach 55 pips up until right here so it was going to close us with a loss of about 38 pips that is if you didn't collect this profit the 20 pips because it went from 20 pips in profit all right so we can go to another pay uh let's look at the aud usd so this one we expect it to be going up we expect it to be going up because it's weak the us dollar and it's on the right side so which is exactly what happened as well [Music] so this was our entry or one is to one we're going to put our honest one or one is to two it went all the way up 30 pips in profit all right before turning back so this was another winning trade we can go to i don't know if we check pound usd exactly the same time right here [Music] it also went up all these pips i think about 100 pips again uh euro usd i don't know if we checked it let's just try to this was also another nice good trade 40 pips we go to another usd pair let's just check new zealand usd [Music] exactly same thing we expected we expected to go up on this scandal right here so it also went up all the way about 30 30 30 something 30 33 pips before it went down all right we can go to [Music] gold we expect it to be going away or let's see since it's on the left since it's on the left and it's a it's weak we expect it to be going up so gold on this one it didn't go up it actually went down which means the us dollar was still weak but stronger than the the gold all right so we're going to hit our stop loss right there we can also go and check other signals [Music] okay like this one right here [Music] this was only [Music] 23.7 2387 2387 [Music] the us dollar was strong right here this period so expect it to be going down which is also the same thing that happened it went down from here it first gave us a correction and then it went this was just a stop and so whoever put the stop loss just here we're going to be taken out but if you put on the previous one right here which is uh this is just a stop one that was used so if you have been trading for quite some time you know that before the market goes your direction it goes in hard for stops so in this case if you had put it right here the quick one the shoulder on right here it was going to be taken out here or it was going to be taken out on this one but this trade went down all the way i think about 141 pips if you go to pond usd we expect it to be going down as well which is what it did all right it went down about 40 pips before coming back up so we can check also the other signals right here this is uh on 20 21 july exactly 1600 1600 it's weak so we expect it to be going up since we are trading uh pound usd which is what happened right here so it went up all the way this is about 135 pips you can also go to usd jp usd euro usd we expect it to be doing the same it's going up which is what it did right here all right so this is another simple trade about 60 pips win usd jpy we expect it to be going down we expect it to go down it didn't go down as planned [Music] i don't know if i'm looking at the right time let's check 21 821 21 on only 21 actually this is the one yes we expected to go down it didn't go down as planned like i said it won't be stronger than all the pays or weaker than all the pays it's just stronger than the majority or weaker than the majority of the pairs it eventually went down right here about 16 pips but it was going to close us out at about eight pips if our stop loss was not hit was i think we're going to put it above here all right so let's go to the next signal uh to the next pair which is usd card we also expect it to be going down usd card right here [Music] all right so it went down all the way this is about 140 pips so you see that the losses are very small because it's stronger than the majority and weaker than the than the rest than the majority so most of the time when the signal comes if it's weaker than just one pay it's still strong but it's just weaker than that pay but that that current which is why you see this one went all the way 140 pips in profit all the way 140 pips in profit all right the usd card uh this is usd card so if you go to you aud usd we expect it to be going up which is what happened right here [Music] right so this is an unrepenting trading system which means whatever signals that you are getting these are the real deals all right so you can also go and check all these other signals you can see that completely this is another winning trade if you scroll back this is another win a lot of them will be winning right here but i don't want to make this video very long this was maybe going to be sideways a bit but the majority of these you can see these are big trends all right so this is how you can simply spot any any trending trending pair all right this was going to be maybe a tricky one but the majority do you see how big is this one let's go to this one right here this is only 25 june 8 0 0 25 june 8 0 0 25 june 8 0 0 uh where is it 25 june 8 0 0.
i said no no no 25 or 20 200. 200 is exactly right here all right it was running up until when let's put another line just to see up until one july fourteen zero zero so let's look for one july which is somewhere around here fourteen zero zero so you can see this was a massive trend all right your stop loss above the previous high we go with the trend you see all the way down it went about 100 pips with the out usd we can also check usd card usd card we expect it to be going up on the same period which is exactly what it did as well all right it goes up all the way 125 pips usd jpy we expect it to go up as well which is right here all right it first went uh i think up about 11 pips in profit this one was if you put this stop loss just below in the previous previous one the recent one it was going to to get stopped right here okay so you should also know that this is when you can actually follow this if you see that the trend is still continuous it's still there you can still try to take another trade right here all right just a re-entry and put the stop-loss way below otherwise you are going to get a massive win as well going up about 100 pips but let's just say that one is a losing trade let's go to euro usd or let's yeah eurosd we expect it to be going down which is what happened exactly right here all the way this is 92 pips we can go and uh i will show you other pairs like gold it did the same thing right here all the way 260 pips all right so this is just a typical example of how to use this trading system you can also get some small losses here and there and the losses are very small but you can see the win the trains they are massive trains all right you can see all these trends the small small losses but massive trains all this all right this is a massive massive trend right here on 11 uh this is now 11 11 june 11 june uh it's supposed to be going down 11 june i think it's somewhere around here when you start to see this pattern 11 june it was the time 1400 which is around here all right so you can see it kept on going down all these pips this was almost a thousand pips let me see when it turned big [Music] uh if you turn right here on [Music] 21 june all right eleven zero zero twenty one eleven zero zero right there so it went down all the way from here this thread never even went in into loss on this pay it just never went into like into the losing losing side it just started by flying going down all right all the way it's reached even 1300 1280 pips if you go to other pays as well you see the same this is a usd card we expect it to be going up which is what happened right here it also never went down in in loss it just started by flying up all the way this is about 380 pips usd jpy it will be doing the same thing all right it went all the way 120 pips so i don't want to make this video very long but it's already long uh i didn't think i'll make a very long video but since uh since i managed to explain and show you some of the textbook examples of how to trade successfully i think this will be helpful to you guys if you guys want to have this trading system by all means try to conduct me using the emo on the screen i'll tell you how to get this trading system it might not be for free but for some of you guys when you conduct me i normally have a challenge where i just pick a winner but i don't want to be told that please i i send you an email can i be the winner i'm not going to give you once you do that if you conduct me it's either you want to buy the system i'll just choose randomly or i can give for free and i don't need any stories i'm not going to to read any stories you actually uh put yourself on the disadvantage of having the system because once you tell me a story i'm not going to i'm not going to give you the system for free so this trading system is very very powerful and it can also be used in conjunction with your own trading strategies so don't forget to like the video guys i think this is helpful and most of you are going to be happy when you have this trading system in your hand so this trading system i did not give it a name and i don't plan to but if you guys want to have this trading system send me an email at forex teacher 1940 gmail.com all right that's the only email i use and that's where you can get the trading system so stop falling for those scams for people telling you that they have the system they can give you a system whatever a lot of people they come to me running crying and saying they paid for the system and then i asked them for their receipt or the payment proof which is not available at that time was they won't be getting it from me they just got scammed so there are people out there who can use my my my name to try and sell you things use my name to try and do some funny tricks to get you to pay for a system that they don't have this trading system is licensed by by meta trader so you can never get it for free so if you guys think you can crack it i know a lot of you want to want to click uh softwares this one is licensed as long as you are going to use metatrader it's not going to work so thank you for watching this video i hope you like this strategy and you are going to share this video too with many of your your your friends all right thank you so much guys i appreciate