Extraordinary Forex Strategy Without Technical Indicators. The Extraordinary Forex Strategy is one of the most important tools for all traders but most writers or traders say that only a few traders can make money from trading. Is that true? How can you lose money while there are so many tools that can help you beat the trade!

If you are new to trading, there are still opportunities for you to make lots of money after reading this article. I will try to explain here your strategy as long as you follow the rules. I will explain how to win Forex without technical indicators.

Technical Analysis is the biggest aspect that influences the thoughts and decisions of traders when starting trading. Thousands of indicators and even strategies and tricks can be easily found on many forex forums but only a few make money? Well. Why did you fail to use technical indicators? The answer is because technical indicators cannot defeat NEWS or Fundamental Analysis.

Basic news can cause all your technical indicators or strategies to not function, this is what so many traders forget when they start trading. They use technical indicators without considering fundamental analysis.

With this, we will try to see the fundamentals/news that affect your trade. So, if you feel that you always lose money, try to follow this simple method. Every week there are several NEWS that will affect the price you should know. :

  1. NON FARM PAYROLL
    2. TRADE BALANCE
    3. INTEREST RATE STATEMENTS
    4. DURABLE GOOD
    5. PRODUCER PRICE INDEX
    6. PPI excl. FOOD AND ENERGY
    7. CONSUMER PRICE INDEX
    8. CPI excl. FOOD AND ENERGY
    9. TRICHET, BERNANKE, & FUKUI SPEAKS
    10. UNEMPLOYMENT RATE

1.NON FARM PAYROLL
Remarks :
– Pip: 100 – 200 pips
– Country: USA
– Currencies: all USD pair

  1. TRADE BALANCE
    Remarks :
    – Pip: 70 – 120 pips
    – Country: USA
    – Currencies: all USD pair
  2. INTEREST RATE STATEMENTS
    Remarks :
    – Pip : >100 pips
    – Country: ALL
    – Currencies: all pair
  3. DURABLE GOOD
    Remarks :
    – Pip: 50 – 100 pips
    – Country: ALL
    – Currencies: all pair
  4. PRODUCER PRICE INDEX
    Remarks :
    – Pip: 50 – 60 pips
    – Country: ALL
    – Currencies: all pair

6.PPI excl. FOOD AND ENERGY
Remarks :
– Pip: 50 – 100 pips
– Country: ALL
– Currencies: all pair

7.CONSUMER PRICE INDEX
Remarks :
– Pip: 50 – 100 pips
– Country: ALL
– Currencies: all pair

8.CPI excl. FOOD AND ENERGY
Remarks
– Pip: 50 – 100 pips
– Country: ALL
– Currencies: all pair

9.TRICHET, BERNANKE, & FUKUI SPEAKS
Remarks
– Pip: 30 – 100 pips
– Country: E-12, USA, & JPN
– Currencies: EURO, USD, & JPY

10.UNEMPLOYMENT RATE
Remarks
– Pip: 30 – 50 pips
– Country: ALL
– Currencies: all pair

All of the above news can be seen on the following site, clearly explained what news will be released in a week and we have to bookmark this page to make it easier to see news every day. There are many sites that now provide news to traders that we need to tag.

How can we start exchanging news?

TIPS 1: NON FARM PAYROLL (NFP)

  1. Extraordinary in Forex Trading

Check your calendar news this month, you don’t need to take care of what news will be released. Remember that every Friday of the month, the news above will be released at 12:30 GMT.

The effect of this news is very large (100 -200 pis) in just a few minutes. So let’s try to put TRAP towards the price direction.

  1. Strategy
  • Before the news is released, don’t trade, but be prepared to trade on Brit / USD
  • 30 minutes before the news, open you
  • Metatrader (your chart station) with a 30-minute chart.
  • See current prices
  • BUY STOP at 20 pips above the current price, (for example the current price is 1.9050, so you place BUY STOP at 1.9070)
  • At the same time SELL STOP at 20 pips below the current price, (for example the current price is 1.9050, so you put SELL STOP at 1.9030)
  • Cancel one of them, the price starts to touch the chart.
  • Set Take profit of 100 pips
  • Set the trailing stop 15.

Trading on this news once a month will make you profit at least 100 pips without technical analysis. What you want to see is a schedule for the news every month on the first Friday.

For other news, you can do the same thing, and I’m sure every week you will get a big profit without technical analysis which usually makes traders confused and eventually lose trade.