Easy Strategies for Newcomers

Support and Resistance for Puts and Calls

The most popular strategy especially for the new traders is “Support and resistance”. You should identify the right spot and you can take call trades in a support area and put trades in a resistance area. How can you identify these areas? There are several ways.One of them is to notice how the price acts in older areas and trying to predict the price movement when the price comes back to these areas.This is the whole value of technical analysis.Predict the future by studying the price behavior in the past.

Fibonacci Bounces

With simple Fibonacci levels you can find trading opportunities.The most important Fibonacci levels for me is 161.8 , 127 , 61.8 and 78.6. Many times in these levels we have bounces of the price. Also, many harmonic patterns are created by these levels.

Bounces in a Trend

This is a simple solid strategy and give you the opportunity to trade with the trend.You don’t have to identify when a trend begins. You have to wait for a trend and find the right time to jump in.For this you can use EMAs.

EMAs Crossovers with Heiken Ashi

In this strategy you can wait for EMAs crossovers and trade in the beginning of a new trend.How to do this? Use two EMAs. I use 13,26 period EMAs for 5 minutes and 15 minutes timeframes.Find in your metatrader platform Heiken Ashi indicator and drop it to your chart.Why Heiken Ashi?Because they can reduce the noise of the price.In this case we want a trader with a longer expiry like 15- 30 minutes because the price maybe will move sideways in the beginning.Look at this chart.