My strategy is based on the study of the psychological levels of prices. Double and triple zero are very important, also the central level. These numbers are used by professionals. Market entry, take profit and stop loss are placed in these areas.Examples GBPUSD are: 1.6100 (double) - 1.6050 (central) - 1.6000 (triple)When the market is rising up I watch the price behavior in psychological levels, seeking to reverse patterns to enter the exact point where the market will fall.So when the market is falling down I'm looking for reversal patterns in the psychological areas. They are the best places to enter the market rally.The essence: "sell high and buy low."I use two timeframes. One major to look for patterns (H4) and minor (M15) to enter the trade.My indicators are:RSI 10 applied to close.Used to look for divergences. Also out of position when in overbought or oversold.Exponential moving average of 200 applied to close.Useful in daily charts to follow the trend. In the lower timeframes also very useful if the market is in trend.Bollinger band period 20, deviation 2 applied to close.I use it to exit the trade and see the price range. Also used to see volatility.And most importantly…
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