This trade got 54 pips. This is a great pull-back/reversal strategy. The Awesome Oscillator
(AO) is a great tool to watch as price loses momentum and begins to pull back or reverse. Entry is easy to see. When price breaks below AO 0 line the bar will turn red for a short. Either use that as an entry signal or watch for a candle pattern to confirm entry (support break in this trade). Take profit by waiting for the AO when it is below the 0 line for a short to have 2 consecutive bars turn green. This allows your trade to run and recover as many pips as you can. These strategies from Trading Strategies Guides are so awesome because you do not need a lot of technical training in hard to understand indicators and methods. You have very simple and easy to understand rules that are very visual to see how they work on the charts. No matter what your experience level is, we have a strategy that will work for you. Make trading more profitable for yourself. Make trading less stressful, less fearful. Build your confidence level in yourself and your decision making. Easy to understand and see strategy rules for entry and exits will do that for you. Let's be partners together in making your trading experiences pleasantly memorable.
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