Simple Forex Day Trading Strategy – 15 Min Chart

By | February 1, 2016

-See attached Video – Originally this trade was posted on May 28, 2014. Trading the 15 minute time-frame on the USDJPY. We entered this trade following a failed breakout to the downside at an established support level. Our 2 times profit target was placed below the recent broken support level because we suspected that it would act as a new resistance level, in which it did. If you aspire to become a successful trader it is imperative that you set your take profit targets within recent support or resistance levels in the market because these locations are decision points. The direction the market takes from there becomes questionable at best and your trade can turn into a gamble rather quickly. Learn to take emotion completely out of your trading plan. Click here to subscribe to our youtube channel

 

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