How do we trade forex technically with no news

Trading forex technically without news involves using technical analysis to identify patterns and trends in the market, rather than relying on news and events to drive your trading decisions. Here are some steps to help you trade forex technically with no news:

  1. Understand technical analysis: Study the basics of technical analysis, including chart patterns, indicators, and oscillators. Learn how to identify trends, support and resistance levels, and other technical patterns.
  2. Choose a trading strategy: Select a trading strategy that is based on technical analysis, such as trend following, range trading, or breakout trading. This will help you focus on specific market conditions and patterns.
  3. Use charts and indicators: Use charts and indicators to identify trends, patterns, and potential trading opportunities. Some popular indicators include moving averages, relative strength index (RSI), and Bollinger Bands.
  4. Focus on market structure: Study the market structure, including the formation of trends, support and resistance levels, and the behavior of price action. This will help you identify potential trading opportunities and manage risk.
  5. Use price action analysis: Study price action, including the behavior of price movements, candlestick patterns, and other technical patterns. This will help you identify potential trading opportunities and manage risk.
  6. Identify trading opportunities: Use your technical analysis skills to identify potential trading opportunities, such as trend reversals, breakouts, or range expansions.
  7. Manage risk: Always manage risk by setting stop-losses, limiting position size, and using position sizing techniques.
  8. Stay disciplined: Stick to your trading plan and avoid impulsive decisions based on emotions or news.

Some popular technical indicators and tools for trading forex without news include:

  1. Moving Averages: Identify trends and potential trading opportunities by using moving averages to identify support and resistance levels.
  2. Relative Strength Index (RSI): Identify overbought and oversold conditions by using the RSI to identify potential trading opportunities.
  3. Bollinger Bands: Identify potential trading opportunities by using Bollinger Bands to identify support and resistance levels.
  4. Candlestick Patterns: Identify potential trading opportunities by using candlestick patterns to identify trends and reversals.
  5. Trend Lines: Identify trends and potential trading opportunities by using trend lines to identify support and resistance levels.
  6. Fibonacci Levels: Identify potential trading opportunities by using Fibonacci levels to identify support and resistance levels.
  7. Ichimoku Cloud: Identify trends and potential trading opportunities by using the Ichimoku Cloud to identify support and resistance levels.

Some popular technical trading strategies for trading forex without news include:

  1. Trend Following: Identify trends and ride them by using moving averages and other technical indicators to identify support and resistance levels.
  2. Range Trading: Identify ranges and trade within them by using technical indicators to identify support and resistance levels.
  3. Breakout Trading: Identify breakouts and trade them by using technical indicators to identify potential trading opportunities.
  4. Mean Reversion: Identify overbought and oversold conditions and trade them by using technical indicators to identify potential trading opportunities.

Remember, trading forex technically without news requires discipline, patience, and a solid understanding of technical analysis. Always manage risk and stay focused on your trading plan.