Sunday, February 28, 2016

 

Forex setup

Indicators:

Supper Signal Channel
Xb4d 5 and 55Stochastic 5.3.3

Xb4d5 for entry
Xb455 for trend

Below is the typical chart
this is daily chart, you can use any timeframe.This pair is Eur/Jpy-Daily
The trend is sell because Xb4-55 is in red. you wait for sell arrow and xb4-5 to trigger red. Draw vertical line at the arrow touching the trigger red bar and the trend red bar.Having met this setup check with weekly chart and see at the vertical line the xb4-5 and 55 are in red i.e. intrend.Set the target at arrow change to buy. you can extend the profit to weekly. See Weekly chart