Forex Signal Indicator

How to Make Profit in 30 Minutes of "Work" with the Trend Sniping Strategy

  

The first trading set-up we are going to show you is the Dynamic SR setup.

As the name suggests the basis for this system is dynamic

support\resistance level which price has struggle to break. When price

touches this level we will wait for signs that price is reversing- and will

enter the trade.

In this system we will use the Moving Average level. Preferably the 20-

period Moving Average, though you can use any other period.

Step 1: Waiting for the MA to become sloped

We wait for the MA to become sloped (trending). This is a sign that the

trend is strong.

A sloped moving average means that the trend is strong and therefore

any retracement to the MA will probably lead to a continuation in price,

and a good trading signal for us to trade.

Step 2: Wait for price to touch MA

Wait for price to touch the MA, and reverse.

Reversal is confirmed when price goes above the high of the previous

candle (for long trades) or below the low of the previous candle (for

short trades).

Step 4: Placing Stop Loss

Stop Loss is placed:

� 5 pips below the lowest low of last 4 candles (for long trades)

� 5 pips above the highest high of last 4 candles (for short trades)

Exiting the Trade

Trade is closed when the moving average is no longer sloped = is flat.

Examples for trades

---- Steve Sollheiser --- edit by   sbudij  KarawangForex ------