What is Last Kiss Trading?
Last Kiss trading is a Forex trading strategy that stems from the Naked Trading Methodology. The idea behind Last Kiss trading is to measure buying and selling pressure to make informed trades in the Forex market. It is a complex strategy that takes time to understand and master, but it has proven to be a successful Forex trading approach.
The Last Kiss strategy is based on the analysis of short-term price movements and is tailored towards technical traders. The strategy is heavily reliant on trend analysis and momentum-based trades, and using the Last Kiss method can help Forex traders generate greater returns with fewer risks.
How to Master the Last Kiss Trading Strategy?
The main steps involved in the Last Kiss trading strategy are:
1. Identify the direction of the trend. It is not enough to simply wait for confirmation of a trend, as trends can reverse swiftly. Therefore, it is important to identify the current direction of the trend before you take any action.
2. Gauge the strength of the trend. It is very important to check whether the current trend is strong or weak. It is dangerous to enter a trade in a weak trend, as it can reverse quickly and cause you losses.
3. Analyze buying and selling pressure. It is important to check if the existing pressures are in-synch with the current trend. Look out for divergences between the trends and buying/selling pressures, as this may indicate a potential reversal.
4. Set your take profit and stop loss limits. Before entering a trade, decide on your risk limits and ensure that they are adhered to. This will help minimize potential losses.
5. Utilize momentum-based indicators. Check signals from momentum-based indicators such as RSI, MACD, and CCI to help identify trends and measure the strength of the trends.
Last Kiss trading is a great Forex trading strategy for experienced traders looking to maximize their profits in the market. It requires understanding of technical analysis and extensive use of indicators, and is best suited for experienced traders. By following the steps outlined in this article, traders can easily and effectively incorporate the Last Kiss strategy into their Forex trading techniques.
What is Last Kiss Trading Forex?
Last Kiss Trading Forex is a trading strategy for the foreign currency exchange (forex) market. It follows the principle of the KISS method – Keep it Simple, Stupid – and stresses the importance of being able to interpret the chart and identify a consolidation zone. Unlike other trading strategies, Last Kiss Trading Forex is largely based on the concept of trend identification. That is, the strategy involves focusing on market trends and using them to predict when a currency pair will make a reversal.
The Benefits of Last Kiss Trading Forex
Using Last Kiss Trading Forex can offer significant advantages to forex traders. Firstly, the strategy allows traders to identify and understand the market trends with relative accuracy and confidence. This helps them to mitigate risk and make well-informed decisions on when to sell and buy currency pairs. Secondly, since the strategy does not involve the use of complex technology, or the application of indicators or algorithms, it’s easier for rookie traders to understand and execute. Last Kiss Trading Forex can thus be particularly beneficial for those who are new to the forex market.
Strategies of Last Kiss Trading Forex
The Last Kiss Trading Forex strategy involves mapping out the market moves and isolating the point at which a trend is about to reverse. This process begins with drawing out the consolidation zone, or the box, which is typically done on the chart. Once the box has been marked out, the trader looks for confirmation of a reversal, or a last kiss of the level. The reversal is confirmed when the price falls behind one of the support or resistance levels and a candle closes outside of the box. When the reversal is accepted, the position for the trade is determined. The trader then needs to plan the exit point (or take profit target) and wait for the market to move in their favor.
Last Kiss Trading Forex is a simple yet effective strategy that many traders rely on to identify and harness profitable trend reversals. By understanding the concept of trend identification and identifying the consolidation zones, traders can increase their chances of profiting from the foreign exchange market. To maximize the success of their trading efforts, traders should also observe the relevant support and resistance levels when determining their entry and exit points. With the right knowledge and experience, anyone can easily profit from Last Kiss Trading Forex.