Finally the time has come for me to share the strategy that I have been using on my live account for the past 6 months or so. If you are familiar with using support and resistance lines, can recognize trends and understand candlesticks then keep reading and you might be able to use my strategy. This strategy uses Stochastic Oscillator, price action and the clock to predict possible trend retracements.

I use stochastic with standard settings, 5, 3, 3 with signal levels marked at 20 and 80 to confirm signals that occur near or on my lines. Start by drawing horizontal trend lines, also known as support and resistance lines on your charts. Higher time frames are preferred, such as H1, H4 and even the daily or above because they are more reliable. You should be confident at drawing lines, tell which lines are significant and why they are stronger than others.

Personally, I prefer to have two charts open simultaneously, one M5 and the other illustrating H1. The chart set on a higher time frame is practical to have because you can clearly see if price is heading towards a major support or resistance line. The super-secret Guru part of the strategy that takes experience to master is timing the signals.

This is where the clock comes into play. It should become clear that retracements in this pair occur at nearly every hour and half hour of the trading day. What I do is look for a potential retracement each time the clock approaches one of these times.

Obviously, we want to trade the retracements where one of our support or resistance lines are touched and confirmed with the Stochastic Oscillator. The best signals are catching the trend following entries after the retracement but the retracements can be traded too.

Put taken at almost 1. Notice how optionshouse trade commission is moving back up after Commodities futures broker, Stochastic indicated overbought on most timeframes.

On the right, this was actually a touch option because price was moving up and trying to break the dotted red line repeatedly and I figured it wanted to reach to or near 1. Stochastic on the M5 would get oversold very quickly each time price dropped.

Furthermore, the time forex hero apk are sometimes totally neglected and our expiry is so short that a small mistake can result in a bollinger bands renko pip disadvantage which in turn could mean a losing trade.

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Getting a good entry and expiry can be crucial and time is not an indicator on its own. The two first testing months obviously lowered the win rate because it was new to me as well but once I got the hang of reading the chart according to the time my success improved. I take patterns and trends into consideration and base my signals accordingly.

My strategy works for me forex market online forex trading forex currency t21 it 60 seconds binary options indicator how to predict work for you, but is an advanced technique.

You will also find some trades with more information in my forex blog wordpress theme diary here.

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