Step #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying .
Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50...
Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend.
A lower high is simply a swing low point that...
