Long or Short: LONG
Entry Point: Market (1.3740)
Stop Loss: 1.3722 (Below simple MA, 300)
Profit Target/s: >1.3911
Reward-to-risk Ratio: roughly 2.5:1
Risk percentage: 2%(or lower)
Indicators used: Stochastic and Zigzag standard and custom
Trade Rationale: ZIGZAG AND STOCHASTIC MOVE TOGETHER 99% OF THE TIME!
Read details of trading strategy here: http://forums.babypips.com/newbie-island/41164-stochastic-indicator-zigzag-indicator-know-truth.html
A GREEN ARROW MUST APPEAR ABOVE THE LAST LEG OF THE ZIGZAG. IT IS NOt THERE YET, SO UP, UP, UP WE GO!!!
All arrows on this chart are drawn automatically and independently from the stochastic oscillator below. However, the arrow seems to appear before the stachastic oscillator enters into the 0-2/98-100 oversold or overbought zones
The zigzag oscillator appears last!
PIcture below should be ignored!
