107# Trend or Range Forex Trading System

Key Notes:

- In fast moving market situations (when the signal confirm after one or two long

candles) wait till the price bounce back to correctional level of % 23 Fibo and then

enter the trade.

- Most reliable signal confirms when the RSI running Above / Below 50 line when you

go for a Long / Short.

- A break of RSI Trend Line confirms when the second candle opens on the suggested

direction.

- Don't ever take the trade unless the second bar opens Above / Below MACD zero

line for a Long / Short trade while the MACD signal line will just give you an in

advance alert to be ready for the trade.

- Once again, the cross over of MACD Value and the Signal Line will warn of a

potential trade but don't ever take it unless you have your own reasonable reasons to

do that.

- If you get out of a Buy trade upon an Exit signal, you can go for an immediate SHORT

trade with a 50 point Target (Take Profit) and if the trade hit 50 point target while another

SELL signal confirms, just follow the signal and go for the second SHORT. And vice

versa, if you get out of a SHORT trade.

- Don't ever take second trade of LONG / SHORT in line with the first trade order

type unless a FRESH signal of aforementioned conditions confirm to trade.

- Don't ever risk more than % 5 of your account balance unless you have your

reasonable money management rules that suite you.

- Avoid the side markets by observing a narrowed Bollinger Bands or flat RSI line.

- Place the Stop Loss 10 pips Above / Below of Bearish / Bullish Parabolic SAR first

appeared dot or 10 pips Above / Below the current Resistance (R2) / (S2) Support

levels.

- Most of the false signals come when you trade against the major trend of the market.

To know how to define the major trend use bigger time frame like daily or even

weekly chart and apply the same setup on that chart to know what is probably the

right direction of the market. Sometimes when the price touch the 55 EMA line react

as a support or resistance level and at the same time you may have a trading signal

against this fact. In this case you are probably against the major trend.( Pic.3)

- Exit the trade as soon as you see the clear signals (Don't be too optimistic when the

market tell you another story. Exit the trade if you want to win)

- Don't hesitate to apply what the system show you while an over guess trader normally lose money.