Indicators: 144ema+169ema | Bollinger Bands default setting | Stoch 14.3.3
Only trade with following 144ema+169 ema trend direction. Do not trade the opposite direction
WHEN TO ENTER A TRADE Price Action
Step 1. When the price pull back to the other Bollinger bands side + Stoch overbought / sold area.
Step 2. Looking for price resistance / support area.
WHEN TO EXIT Dynamic Support & Resistance
Situation 1: The other Bollinger Bands side (when ur main timeframe & lower timeframe is the same 144ema trend).
Situation 2: Bollinger Bands ma20 (when ur lower timeframe 144ema is different trend with main timeframe).
-Combine with another 2 time-frame. (Large x1 & Lower x1)
-Risk & Reward space at least 1:1 before u take trade.
This post is for academic and entertainment purposes only. Forex trading carries the potential for substantial gains and substantial losses. Any potential losses suffered through Forex using the information in this post is unfortunate, but cannot in any way, shape or form be used against the contributor. I cannot be held liable for any losses suffered on your part in the market. Thank you.
And in the end sorry for my broken English. But if you can understand my grammar & those points, the strategy is quite simple to use and high accuracy.
Wlc anyone to leave a comment below.