If you are unhappy with the Noice Trap Results, try another good one of Forex newcomers trading strategies: Scalping.
The market turn around happens daily, at 10 am New York time. It’s the time with the highest possibility of the trend turn around. You can play almost any of the currency pairs, interconnected with a USD. What you do is wait for the first 15-minute bar turnaround and observe its closing position – whether it’s closer to the day minimum (and you bay, playing out the trend) or closer to the day maximum (and you sell). Right after taking several points, you immediately leave the market. Try not to trade longer than several minutes. Sometimes it’s hard to detect what is the bar closing point position – if it’s closer to the minimum or the maximum of the day. In this case you do nothing but observe and trade some another time.
You can as well practice the market turnaround method at 3 p.m New York time. It’s the closing time for the US obligations market that causes another turnaround prospective. The actions should be just the same like in the previous case.
The scalping methods introduced here can be criticized as the ones that promise you the smallest possible income. Yet, keep in mind that you may find up to 5 – 6 market turnaround positions in 24 hours, that multiplies your profit possibilities. In order to do so, discover the opportunities of trading different currencies pairs with smallest spread if possible. And in any case you will win, you will have good time, you will be in good mood and start enjoying your trade. In the meantime you may learn the market deeper and take your time to practice another theories.
