Swing highs and lows forex exchange

If you have any questions or suggestions you are welcome to join our forum discussion about Combining RSI, Full Stochastic Oscillator and SMA . The current article will acquaint you with another useful and reliable trading system which is based on the combination of a slow Simple Moving Average, Full Stochastic Oscillator and Swing highs and lows forex exchange Strength Index. It uses tight stop-loss protection, while ensuring high potential profits by producing accurate entry signals. It is best practiced on a daily time frame to limit the effects of whipsaws and can be used with any currency cross.

The first condition which must be met to initiate a long entry is for the 150 SMA to be below the price action, thus signifying a bull trend. Conversely, a short entry signal is generated when the 150 SMA is above the price action, signifying a bear trend, and RSI and the Stochastic are in the overbought area. As soon as the Stochastic’s fast and slow lines make a bearish crossover, you must enter short on the next price bar. Stop-loss, profit target We said that this strategy offers a high degree of capital protection because it places stop-loss levels at the most recent swing low. At that point you can either exit the entire trade, scale out of it and use a trailing stop, or keep the entire position and trail your stop. The trailing stop is typically placed below the low of the previous bar in a bull trend, or above the high of the previous bar in a bear trend.

We have used an hourly chart for the example above to show that it too can generate reliable signals, although whipsaws will be much more frequent compared to the daily time frame. As you can see, a strong and protracted bull trend was in motion, as indicated by the rising 150-period SMA. RSI was deep in the oversold area, while the Full Stochastic performed a bullish crossover, generating a long entry signal. Thus, we will enter above the high of bar 1, or at 1.

3596, scoring a profit of 13 pips. We can instead remain on the market as the stochastic becomes overbought and immediately trail our stop to breakeven. As soon as we reach a 1:1 risk-reward ratio, we can scale out half of our position and leave the remainder on the market to capitalize on a possible extension of the up-move. For the second part of the trade you can trail your stop below the previous bar’s low and move it up as each new bull trend bar forms. The market later generated several other possible long entry positions and each one of them could have at least earned a scalper’s profit, while running very tight stops and keeping risk low.

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Personal one-on-one consulting mentorship restricted to 15 hours total mutually arranged through “Go to Meeting” over a 12 month term. Highly technical or lengthy email responses count towards the 15 hour consultant time limitation. Client references available and encouraged, 2. Consultant-Client Terms and Conditions Contract Required, 3. Credit Cards accepted with prevailing card processing merchant fees added, 4. The “Light” Package is only available to new clients signed from January 2018 and later.

Previous clients have a “Full Package” Terms Contract in force. OTR average trading range and volatility. Spreads are cheap to margin overnight and carry – and the idea is to not enrich your broker and the exchange. I encourage my clients NOT to day trade. The important caveat here, however, is that as the trade unfolds over time and works in the market, we find that for a significant percentage of our losses our indicator package takes us out of losers before the stop-loss level originally set at trade entry is reached. Additionally, I encourage clients to schedule individual webinars with me in order to review their paper trading performance and ways to improve their trade selections. Spread combination construction and the selection of products and expiries is a really big deal – I would rate it as more important than the indicator package in terms of good trade selection.

In addition to providing the programmed . Finally, over the course of several years from my observations I find a direct correlation between the effort and time the client takes during the spread construction and paper trading phase of the program to have a strong correlation to his relative success using the strategy for himself in the live markets. If someone hires a mentor or educator and just expects to be gifted with an ATM with very little effort on his part – then again that person will never succeed. If that sounds like you, please don’t waste your money and my time. The secret is that there is no secret. Every successful trader works his ass off at it.

Over the past few years in particular, we have accumulated a number of both individual and group webinar recordings where we review live and paper trade set-ups, clients review their performance metrics, and we construct spread combinations and talk about many topics like correlation analysis and execution. I also record special instructional webinars on a solo basis where I present specific topics, concepts and materials. So, there is a much larger body of work that the new client receives in terms of background materials and instruction than there was just a couple years ago. As of January 2018, it typically takes a new client anywhere from 2 to 4 weeks just to initially review the new materials. I received a response from a third party regarding the disputed statement so I am sharing it here. I’m not reopening this thread for further responses, but will continue to post opinions from emails sent to me by other third parties should they arrive. I am The risk manager and active partner with Prime International Trading.