The Perfect Strategy! This is the Baby Pips Strategy!
The example strategy that babypips teaches traders is this!
1. Use 2 Sma's or Ema's 5 and 10 if sma...
2. RSI set to 9
3. Full Stochastics coming out of oversold area...
YES THERE WILL BE PULLSBACKS... DO NOT EXIT UNTIL THE MOVING AVERAGES CROSS BACK OVER!!!
Nzd/Usd Trend Reversal confirmation on the daily and I entered earlier with the same strategy on hour 4!
This strategy gives amazing results...
1. Use 2 Sma's or Ema's 5 and 10 if sma...
2. RSI set to 9
3. Full Stochastics coming out of oversold area...
YES THERE WILL BE PULLSBACKS... DO NOT EXIT UNTIL THE MOVING AVERAGES CROSS BACK OVER!!!
Nzd/Usd Trend Reversal confirmation on the daily and I entered earlier with the same strategy on hour 4!
This strategy gives amazing results...
Comment:
When you enter this trade, It could take days! Thats okay! and Yes there will be pullsbacks... you need to stay into the trade until the 2 moving averages cross back to the downside on the daily chart!