Super Smart Forex Price Action Trading Trend-momentum Strategy Based on Stochastic and Areas of Support Resistance

FREE DOWNLOAD Price Action Trading System – Super smart trading is a price action trend-momentum strategy based on stochastic and areas of support and resistance. The purpose of this strategy is to wait the price in a zone of support or resistance and wait for the bounce that it’s confirmed by stochastic that trend indicators.

Super Smart Forex Trading

 

What Are Support and Resistance?

Support is a price level where a downtrend can be expected to pause, due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Resistance zones arise due to a sell-off when prices increase. Understanding this key concept can drastically improve your short-term investing strategy.

So, the basics of support and resistance consist of a support level, which can be thought of as a floor under trading prices, and a resistance level, which can be thought of as the ceiling. Prices fall and test the support level, which will either “hold” and price will bounce back up, or the support level will be violated, and price will drop through the support and likely continue lower, to the next support level.

Recommended Article:  Forex Trading Beginners Guide - Foreign Exchange Trading with Track Trend MACD

Frequently, market participants wishing to enter a long trade, will wait for security prices to retrace back to one of these support levels. In other words, buyers are in line, ready to enter positions at these levels and hoping to buy the security at a better, lower price.

 

Trading Rules Super Smart Price Action Trend-momentum Strategy

 

The purpose of this strategy is to wait the price in a zone of support or resistance and wait for the bounce that it’s confirmed by stochastic that trend indicators.

 

BUY Rules

Super Smart Forex Trading BUY

 

  • When the price is in the support zone, (you can also find the best support area see the indications).
  • Green bar on stochastic.
  • Non lag MA Crosses upward 100 pips momentum.

 

SELL Rules

Super Smart Forex Trading SELL

 

  • When the price is in the resistanze zone, (you can also find the best support area see the indications).
  • Red bar on stochastic.
  • Non lag ma crosses downward 100 pips momentum.
Recommended Article:  Trading Forex using Step Stochastic Trading System with Multiple Moving Average Indicators

 

STOP and EXIT Rules

Exit position when the price touches the opposite area or with predetermined profit target (ratio:1.2 stop loss). Initial stop loss on the previous swing.

 

Trading NOTE:

Trading has never been a prediction game. First of all because nobody can predict the future. Trading is a follower game. As a trader you have to sit, observe and try to identify the psychology of the big traders on the market and follow them. Traders follow the movement but never predict the movement.



2 thoughts on “Super Smart Forex Price Action Trading Trend-momentum Strategy Based on Stochastic and Areas of Support Resistance

Leave a Reply

Your email address will not be published. Required fields are marked *




Powered by ForexWOT Trading School
Privacy Policy    e-Mail: ForexWOT.Com@gmail.com