Trading Strategies Every Forex and IRESS Trader Must Know

The idea behind intermarket trading is to identify the similarities between related markets. This creates a trading strategy where we will look for the same trading conditions in two different markets and then trade both of them with the same strategy. For example, let’s say we want to trade a Euro/US Dollar pair in an IRESS trading platform. We know that the EUR/USD is related to the USD/JPY. What if we see that the USD/JPY is forming a resistance level, but the EUR/USD is forming a support level? This is a great example of intermarket trading because now we know that the USD/JPY and EUR/USD have the same trading conditions. We can then look at the trading volumes in both the USD/JPY and EUR/USD and see if they are correlated. If they are not correlated but have similar trading volumes, this is also a sign that we can trade both pairs with the same strategy.

IRESS Trading Strategies

We will go into detail about the different IRESS trading strategies that traders use. Many of these strategies are used together in a hybrid IRESS approach.

  • Buy Market, Sell Market – This is one of the simplest IRESS trading platform strategies. When we use this strategy, we buy the market that is in a trading condition we want to lower our risk and then sell the market that gives us a higher return. For example, let’s say we want to trade the EUR/USD pair.
  • Bounce Trade – This is another simple trading strategy that is used in many markets. This is also called a “rising channel” trading strategy. What we do is we look for a market that is in a trading condition we want to lower our risk and then we try to buy it when we see a strong upward movement. For example, we see that the JPY/USD is in a trading condition where it might fall.
  • Fibonacci Retracements – This is one of the more advanced strategies and it is used in many markets. The idea behind this trading strategy is to look for Fibonacci retracements. When we see a support or resistance level in a market, this is called a Fibonacci retracement. When we see two Fibonacci retracement levels in a row, we say that the market is in a “zigzag” trading pattern and this is a good trading condition for traders who use this technical strategy.

IRESS Trading Example: How to Use This Strategy in Your Trading

In this example, we will look at how you can use intermarket trading strategies to boost your trading profits. Let’s say you want to trade the USD/JPY pair. You know that there is a high chance that the USD will fall against the JPY. There are also many indicators that show that the JPY is likely to fall against the USD. This is a great setup for using intermarket trading strategies. You can look at the trading volumes in the USD/JPY and JPY/USD pairs and see that these markets are not correlated. The USD/JPY pair has much higher trading volumes than the JPY/USD pair. This means that it is a much riskier market to trade with lower expected returns. You can also see that the USD/JPY pair has been forming a support level at JPY120 since the beginning of the year. This is a Fibonacci retracement level that you can use to boost your trading profits.

This is a very advanced trading strategy that can be extremely profitable for professional traders. With this strategy, you look for the similarities between two related markets and then play both sides of the market with the same trading strategy. This is a high-risk strategy that requires a lot of technical analysis skills and trading experience. However, it can be extremely profitable for those who use it properly. If you are interested in using this approach to boost your trading profits, you should definitely read our complete guide.

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