184# Simple Price Action Style
Support and resistance with overbougth and oversold
Submit by Tony 15/03/2016
Simple Price Action Style is trading system based on support and resistance with overbougth and oversold levels of the Vcustom 3 indicator.
Time Frame 5 min or higher.
Financial Markets: any.
Expiry time for Binary options High/Low 1 or 2 candles.
Metatrader Indicators:
Support and Resistance Barry,
Moving Average 21,
Vcustom3.
Trading rules Simple Price Action Style
Buy
When you see the indicator green bar Custom wait on the main chart will form the support (green dot) and buy at the opening of the next candle.
Sell
When you see the indicator red bar Custom wait on the main chart will form the resistance (red dot) and sell at the opening of the next candle.
Being a price action strategy could be false signals.
Exit position with fast profit Target that depends by time frame and currency pairs.
In the pictures Simple Price Action Style.
Share your opinion, can help everyone to understand the forex strategy
|
|
|
|
|
|
|
|
Luke (Wednesday, 05 April 2017 19:30)
I try this strategy, this is good also for forex.
Thanks for share.