The Viennese Waltz Forex Trading Patterns are so reliable that you can trade them with the most basic of technical analysis techniques. You can use the technique having only 1 indicator OR you could use it in an advanced way along with really good money and risk management and lot sizing to leverage your income dramatically. Forex trading is all about finding patterns that repeat themselves over and over again. Once you spot a particular pattern repeating again and again, you only need to find a reliable technical analysis technique to make a lots of pips with it.
The Viennese Waltz Forex Trading Technique is somewhat advanced. The Viennese Waltz is very similar to the forex price movements when trading this pattern. Strong, sweeping, predictable movements in a fixed pattern that is like absolute beautiful music to any forex trader. These profitable patterns occur when Vienna awakes to a new day of great Forex trading (6:00am GMT to 8:00am GMT).
The Viennese Waltz Forex Trading technique is very specific to the early European Market Session. The LONDON OPEN (not traded in the Viennese Waltz times) produces really strong (if not better) trends. The early US market also have great trending breakouts – you just have to look at the charts. The concept and trading skills used in this technique aims to scalp entries into big 50 to 150 pip trends (using a 14 pip stop) – this concept can be applied quite widely and is much better than swing trading with 50 to 150 pip stops. There are 2 ways of trading the Viennese Waltz Forex Trading patterns in only 90 minutes a day:
1. The 1 indicator way ( VW 1 ) Beginner / intermediate level
2. The advanced way ( VW 2 ) Some trading experience required
So basically there are two methods one for the beginners VW 1 Technique and other for experienced traders known as VW2 Technique. Both these Viennese Waltz Forex Trading Techniques are based on the maximum stop risk of 14 pips. This technique uses mainly GBP crosses for trading, GBP/USD, GBP/JPY etc. and most of the trading is done using the 1 minute, 5 minute and 15 minute charts. For VW2 the volume indicator is used to enter and exit deals, so if you intend using this technique you should use a chart supplier that gives volume. MetaTrader charts supply volume. The VW2 method uses the 1 minute, 5 minute and 15 minute charts. You can use your MICRO account to test this Viennese Waltz Forex Trading technique!
Hey, I uncovered your web site from twitter and checked out several your other articles. Saved this post.