I've been trading this strategy for quite some time already.
Its pretty good, but with 2 extra indicators it will become better
- a S/R indicator. Trades are only allowed if they appear at a S/R level
- a channel surfer indicator. Trades are only allowed if they follow the channel
Here is a setup currently forming on USDCAD
Its pretty good, but with 2 extra indicators it will become better
- a S/R indicator. Trades are only allowed if they appear at a S/R level
- a channel surfer indicator. Trades are only allowed if they follow the channel
Here is a setup currently forming on USDCAD
- green arrow has appeared
- trend indicator is green
- MBFX < 30
- all happening at a support level !
- channel is up
- now waiting for price to close above the SMA before we can go long.
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