Basket Trading with SD Zones, rules which may help us to take trade in right direction.
1.if any two time frames(best 30min and 60min, or 60min and 240min) zone levels are same, and price leave that zone quickly.. We can take the trade as per zone color. Sometime price retest that zone and upper or lower part and then continues.
Red zones = sell, blue zones=buy.
some illustration
http://www.forexfactory.com/attachme...9&d=1383747433
http://www.forexfactory.com/attachme...9&d=1383747433
(Confirmation to zone level in case of basket, as we all BT traders doing similar things, we have to make sure our 8 or 9 pairs are in strength or in support of SD zone signal, if so its confirmed signal is correct)
It’s how I am doing with it.
2. For T/P you can use FIB or opposite SD zones it’s up to trader. if HAS & IXO indicator in strength you may keep the trade open, and also can add more trades in case you find another zone appears in same direction.
Best of Luck
Hukam
1.if any two time frames(best 30min and 60min, or 60min and 240min) zone levels are same, and price leave that zone quickly.. We can take the trade as per zone color. Sometime price retest that zone and upper or lower part and then continues.
Red zones = sell, blue zones=buy.
some illustration
http://www.forexfactory.com/attachme...9&d=1383747433
http://www.forexfactory.com/attachme...9&d=1383747433
(Confirmation to zone level in case of basket, as we all BT traders doing similar things, we have to make sure our 8 or 9 pairs are in strength or in support of SD zone signal, if so its confirmed signal is correct)
It’s how I am doing with it.
2. For T/P you can use FIB or opposite SD zones it’s up to trader. if HAS & IXO indicator in strength you may keep the trade open, and also can add more trades in case you find another zone appears in same direction.
Best of Luck
Hukam