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razeswag77
Jul 21, 2018 11:11 AM

[b]Catching the PIP's with my sonar radar Setup[/b] Education

British Pound/U.S. DollarFXCM

Description


FX:GBPUSD

Description:

  • GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch)
  • MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames
  • Within opening bell wait for [RS] Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry positions.
  • Put your S/L within the EMA BB and use MTF EMA and 3EMA as the support and resistance of your positions.
  • Look at the different time-frames to minute, hourly and daily for trends and patterns
  • This is good for intraday/swing trades not scalping short time frames. If you want to scalp look for [RS] Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation .
  • Good for traders sitting at the desk waiting for the trend confirmation. Very High expected PIPs return when the strategy followed the trend.
  • Good luck traders and happy hunting !!

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