bach ha an
New Member
Hi guys,
I am going to share with you guy a profitable strategy when I've first come to Forex Trading.
Well, let's start
- Required Indicator : MA(5) ; Stoch(5,3,3)
- Foe entry: we will look at the stochastic for weekly and daily time frame must be in the same direction and you then go to the 1 hour chart and enter the trade, so example, if the stochastic is moving up for weekly and daily, you then go to 1 hour time frame and you look for a closed candle below the MA 5 but it must be a bit far from the MA, once you spot that you enter a buy and put tp to 30 pips.
- Below is my illustration for BUY entry. As we can see that stoch UP on W and D, which means that the market direction is going UP. Then we look at H1 timeframe for buying entry. On the picture, I marked some yellow dot that we can make buy order. The farther red candle is from MA(5), the more profit we can make
Good luck, guys
Happy trading
I am going to share with you guy a profitable strategy when I've first come to Forex Trading.
Well, let's start
- Required Indicator : MA(5) ; Stoch(5,3,3)
- Foe entry: we will look at the stochastic for weekly and daily time frame must be in the same direction and you then go to the 1 hour chart and enter the trade, so example, if the stochastic is moving up for weekly and daily, you then go to 1 hour time frame and you look for a closed candle below the MA 5 but it must be a bit far from the MA, once you spot that you enter a buy and put tp to 30 pips.
- Below is my illustration for BUY entry. As we can see that stoch UP on W and D, which means that the market direction is going UP. Then we look at H1 timeframe for buying entry. On the picture, I marked some yellow dot that we can make buy order. The farther red candle is from MA(5), the more profit we can make
Good luck, guys
Happy trading