Forex High Probability Trading Setups – Daily Time Frame Ultimate Forex Channel “Price Action” Trading System.
Yes…!!! The daily is the most important time frame I watch.
Using exclusively daily charts allowed me to take my time with my analysis and gave me a tremendous “hands-on” feel for price action without the inclusion of any complex indicators.
- Time Frame: D1
- Currency Pairs: GBPUSD, EURUSD, AUDUSD, and USDJPY
- Moving Average
- Ultimate Forex Channel
- Commodity Channel Index
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- Use a demo account or a small live account first to practice this trading system
- Price above the 200 Moving Average line
- “BULLISH Candle” break the upper band of the “Ultimate Forex Channel” indicator
- Commodity Channel Index line above 50 level
- Price below the 200 Moving Average line
- “BEARISH Candle” break the lower band of the “Ultimate Forex Channel” indicator
- Commodity Channel Index line below -50 level
For those of you who have very busy lives, with a full-time job, family, and general commitments that you are unable to sit and trade for hours, there is a way for you to trade and participate in the markets, while not having to stay up all night.
For this, I recommend trading Daily price action strategies that are rule-based, easy to manage, yet allow you to be engaged in the market and able to make money.
This “Daily Time Frame Ultimate Forex Channel “Price Action” Trading System” is the best answer for you.