Dzhankone for 5 minutes
Forex Strategy Dzhankone for 5 minutes
Forex Strategy Dzhankone for 5 minutes - to trade on the forex strategy, I recommend that you first download and read « Tutorial pin bars », and only then proceed to the development of the tactics of forex trading.
Pin bar looks something like this:
Good Pin bar should be:
- Long nose (compared to body)
- Granted a very forward
- Opening and closing the pin should be next
reminder that more information on the Pin Bars you will find here: « Tutorial pin bars »
technical side of forex strategy:
to trade forex strategy Dzhankone for 5 minutes will need to adjust some pricing schedule, namely:
1) Set indicator RSI (6) -it will be used to find the divergence .
2) Set the indicator Bolinger Bands (18,2) , use to find a trend in the market . And you can trade from its limits in the presence of a lateral trend and in the presence of the pin.
3) Set Averages 50 SMA and 21 EMA - need to determine trend in the market .
I recommend trading in the following currency pairs: eurusd, eurjpy, gbpusd, usdjpy.
Timeframe - 5 minutes (M5).
Forex Strategy Dzhankone for 5 minutes consists of 2 fairly simple signals . However, always remember that most the best deals on the Forex - a transaction entered into with the trend .
1) FIRST trading signal - a PIN bar itself and the presence of a trend. If there is a divergence - it is still the best variants to make a deal.
and this signal is enough!
2) SECOND trading signal is called CT - counter trend - that is, "Against the trend." Again, all very, very easy: divergence Pin + Bar . Look at the price chart: if there is a pin bar and divergence - it's just a great bargain !
Preferred Teyk-profit: + 15 pips , in the transaction against the trend in the main a good goal - 21 moving average.
Stop-loss usually need to install a few pips below or above the pin . Either support or resistance line.
good helper in the forex strategy will trailing stop from 1 to 15 points (but recall that this quantity depends on the terms of trade you have chosen Dealing Center ).
However, remember that it is not necessary to conclude a deal if your ratio of profit to loss is less than 1 to 1, or even better 2:1.
It should also be noted that pins must be on top or depression , but not in the middle of congestion pricing.
And the most basic - does not violate rights!