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My idea is this I use Stoch and RSI just to define where it is possible to have a breakout. If I have strong up trend and my Stoch and RSI are overbought, and we have down trend candle black candle close at the middle of the last in this case white one I enter my trade.
Sell when RSI and Stoch are bought or they are close to overbought 75 line, and we have down candle which has closed at least at the middle of the last up candle. Buy when we have oversold RSI and Stoch and we have up candle which has closed at the middle of the last down one. Exit rules if we are in a sell trade and Like I said this very simple and very very profitable system.
O, and I put my stop lost at pip. Edward Revy and my best Forex strategies Team http: I thank you this is one great place to share my experience: Cadlesstocks are fastest indicators known to us and we will use this! Is this supposed to be a simple strategy or is it nor properly explained? English is not my first language, but I do understand most of it, and this is the first of your published strategies I dont understand.
Is it possible to give alittle bit more detail on how you pick when to enter? Active traders Poll - share your live experience or read what others have to say. Forum What is Forex? Who's online There are currently 9 users online. Submitted by User on September 20, - This Forex system was sent us by Teodosi. Your contribution is greatly appreciated! This is my system. Thank you and happy Forex trading!
Submitted by Teodosi on September 20, - Submitted by Edward Revy on September 20, - We've got an update - trading results sent by Teodosi: Submitted by User on September 21, - Submitted by Teodosi on September 21, - Submitted by User on September 27, - Submitted by User on October 9, - Free e-books Currency Index Forex bonus Video course.More...