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The Easiest Forex Trading Strategy You’ll Find

Today, I want to share a forex trading strategy with you, called WhaM. This trading strategy is so easy to use, even your parents would be able to trade it. I reckon even your dog could trade this. Really, it’s super straightforward.

 

This trading strategy is not created by me. I read about it a long time ago from Will at wmd4x.com, who originally came up with these patterns and found a way to trade them. This is my interpretation of the system and how I currently trade it.

 

It’s one of the strategies I’m actively trading and it’s by far the one with the least moving variables. No indicators. No complicated rules. I don’t even use candlestick charts for this strategy! And most importantly: it just works incredibly well.

 

WhaM forex trading strategy

 

If this sounds like a sales pitch, it’s only because I always get excited telling people about it 🙂 Don’t worry, I’m not selling anything. Everything you need to know to adopt this strategy is right here, in this article. By sharing this strategy for free, I’m hoping that some people will benefit from it. I also want to show that trading systems don’t have to be complicated and trading consistently and profitably is absolutely possible, given proper rules.

 

If, after reading, you feel that this article was useful to you, I’d appreciate it if you share it so more people can learn about this forex trading strategy:

 

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XAUUSD

Weekly forex outlook: January 28

Hi traders! How was your trading week? I’m quite early with my weekly forex outlook this weekend. One of the things I’ve started to make a habit of (thanks to this book), is to get up early. It’s incredible what you can get done if you get up a couple hours earlier, it feels to me like I almost have an extra half day available to me!

 

The past week was relatively quiet. However, it still gave us excellent conditions for a couple of trade setups I was describing in last week’s outlook (see the past week trade review section below!).

 

The dollar initially moved lower but regained some of its losses in the second part of the week, ending pretty much where it started. As predicted in our previous outlook, gold saw a sell-off to below-1200 levels. Finally, oil crept up a bit higher but stayed mostly in the range it’s currently in.

 

Macro weekly outlook

 

 

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AUDUSD Forex outlook

Weekly forex outlook: January 21

It’s weekend, so I’m back with my weekly preview of the most interesting setups! Last week was a bit of a dud for me, with multiple setups either not materialising (AUDUSD, Gold) or being quite hard to trade (I’m looking at you, Theresa May and EURGBP). On the one hand, these situations make it clear how worthwhile it is to wait for confirmation before getting into a setup. On the other hand, it shows that being a trader is never easy! Last week ended in a loss for me, which happens. This is totally fine and only motivates me to keep on learning and improving!

 

The big news last week happened on Friday, with the inauguration of president Trump. Because Trump also gave an inauguration speech, I kept on the sidelines for most of Friday. The speech was quite moderate and the USD seemed to be relatively unaffected. However, let’s see how the market opens on Monday.

 


The dollar saw an initial increase in the first part of last week, but then gave some of its gains back in the second part. It seems that Gold is at a turning point (which I talked about in last week’s market outlook), but ended the week only slightly higher up. It still shows signs of a pending reversal, but it’s too soon to tell and I’d like to see the price move lower before taking action. Oil ended up higher last week, but the price seems to be ranging for now in search for a clear trend.

 

Market overview

 

 

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Trading routines

Trading routines: build the habits of top traders

I went from being a bad trader to a good trader after changing this thing only. Afterwards, I couldn’t believe how simple it was. However, it required a different mindset.

 

The secret? Trading routines.

 

Routines or habits are extremely powerful. Marathon runners have the strength to finish a 42km run because of it. No runner is capable of enduring a marathon just like that. Instead, they make the conscious decision to start training. Using an intense routine, they see improvements day after day. Getting closer to running that full marathon. Pushing limits and improving until you make it to the finish line.

 

Marathon running

 

Trading is not that different from running a marathon. We start out by knowing little to nothing about the markets. Day by day, we learn how to trade, interpret candles, patterns and market behaviour. We learn what works and what doesn’t. Some traders find out trading is just not for them or discover other priorities in life. Others persevere. They continue chipping away at the wall that stands between them and trading profitably.

 

Both marathon runners and traders make it because of their routines. It’s an endurance play, without shortcuts. Forget the get-rich-quick attitude. A marathon can’t be finished without training. Similarly, consistent and profitable trading doesn’t happen without continuous improvement. That’s where trading routines come in.

 

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EURGBP Daily chart

Weekly forex outlook: January 14

Hi traders, hope you had a good week! There were definitely some nice setups in the market last week. Especially the EURAUD and AUDUSD reversals gave us some good opportunities to get into the market. News-wise, last week was relatively quiet. As it is the weekend again, I’m going through my routine of analysing the markets and selecting the best setups for the upcoming week.

 

But first, a short overview of what happened last week. The dollar sold off a bit more and it seems that a reversal of some sorts has finally set in (although it’s quite early to tell, it might still reverse to the upside again!). As the USD and Gold are inversely correlated, we could see a push higher for gold. Oil moved a bit lower.

 

Market overview

 

 

 

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AUDUSD buy

Weekly forex outlook: January 1

It’s the first day of the new year and I couldn’t be more excited about 2017! There are so many exciting things in the pipeline so I can’t wait to get going. But first, let’s pick up the weekly outlooks again.

Happy New Year

 

I’ve skipped last week’s outlooks since I wasn’t trading during the holiday period. Not trading during times of low liquidity (when most traders are not trading anyway) is always good advice, since you can really get unexpected and volatile moves if the market is so thin.

A prime example of this is a move that happened last week on Thursday, when the euro suddenly spiked up without any news announcements. Algo strategies are then often blamed, but regardless of the cause of this spike, it shows that your trades can very easily get wiped out during times of low liquidity.

 

EURUSD low liquidity spike

 

 

 

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