Wagner trading signals dubai47 comments
Scalper trading strategy
Im going to back test this on forextester. Is there any other pairs that this is good for? Sun Apr 8 Tokyo: March edited March in Binary Options Strategy. The idea is to identify a trend and then use the RSI to pinpoint overbought or oversold areas.
An optional indicator can be added but I recommend that you start drawing support and resistance lines for further accuracy. See the video here: This is how it works: We use the middle band of the Bollinger band to identify the trend on the M At or above the middle band means uptrend but confirm it is a higher low.
At or below the middle band means downtrend but confirm it is a lower high. Add Relative Strength Index period 4 and levels 75 and Use the level 25 as an indication for identifying that the higher low is a valid oversold position. Use the level 75 as an indication for identifying that the lower high is a valid overbought position.
The Bollinger Band is a great tool for understanding when the trend is about to change direction! You can see a few similar situations in the video at around 3: Notice how bands get close to each other and then the price changes direction and goes up.
Hey, sorry for the late response. As I always say, you need to check all timeframes and not only focus on one timeframe. Check some of my other videos as well on how to analyze the charts and I hope it will get somewhat easier to understand! Sign In or Register to comment.