Buat baca2 sambil santai.. semoga berguna... happy cuan.. Source : http://olesiafx.com/Kathy-Lien-Day-Trading-The-Currency-Market/Step-Two-dete rmine-Trading-Time-Horizon.html
Once you have determined that a currency pair is either range-bound or trending, it is time to determine how long you plan on holding the trade. The following is a set of guidelines and indicators that I use for trading dif-ferent time frames. Not all of the guidelines need to be met, but the more guidelines that are met, the more solid the trading opportunity. Intraday Range Trade Rules . Use hourly charts to determine entry points and daily charts to confirm that a range trade exists on a longer time frame. . Use oscillators to determine entry point within range. . Look for short-dated risk reversals to be near choice. . Look for reversal in oscillators (RSI or stochastics at extreme point). . It is a stronger trade when prices fail at key resistance or hold key support levels (use Fibonacci retracement points and moving averages). Indicators Stochastics, MACD, RSI, Bollinger bands, options, Fi-bonacci retracement levels. Medium-Term Range Trade Rules . Use daily charts. . There are two ways to range trade in the medium term: position for upcoming range trading opportunities or get involved in existing ranges: Upcoming range opportunities: Look for high-volatility environ-ments, where short-term implied volatilities are significantly higher than longer-term volatilities; seek reversion back to the moan environ-ments. Existing ranges: Use Bollinger bands to identify existing ranges. . Look for reversals in oscillators such as RSI and stochastics. . Make sure ADX is below 25 and ideally falling. . Look for medium-term risk reversals near choice. . Confirm with price action-failure at key range resistances and bounces on key range supports (using traditional technical indicators). Indicators Options, Bollinger bonds, stochastics, MACD, RSI, Fi-bonacci retracement levels. Medium-Term Trend trade Rules . Look for developing trend on daily charts and use weekly charts for confirmation. . Refer back to the characteristics of a trending environment-look for those parameters to be met, . Buy breakout/retracement scenarios on key Fibonacci levels or mov-ing averages. . Look for no major resistance levels in front of trade. . Look for candlestick pattern confirmation. . Look for moving average confluence to be on same side of trade. . Enter on a break of significant high or low. . The ideal is to wait for volatilities to contract before gelling in. . Look for fundamentals to also be supportive of trade-growth and interest rates. You want to see a string of economic surprises or disappointments, depending on directional bias. Indicators ADX, parabolic stop and reversal (SAR), RSI, Ichimoku clouds (a Japanese formation), Elliott waves, Fibonacci. Medium-Term Breakout Trade Rules . Use daily charts. . Look for contraction in short-term volatility to a point where it is sharply below long-term volatility. . Use pivot points to determine whether a break is a true break or a false break. . Look for moving average confluences to be supportive of trade. Indicators Bollinger bands, moving averages, Fibonacci.
