High Accuracy Bollinger Bands BKMBC2 Trading Strategy. How to trade with the Forex BKMGC Trend Trading Technique... Wait for the BKMGC_2 indicator to print a green (for a long trigger) or red (for a short trigger) line.
If you got a long trigger on the BKMGC_2 indicator, you should look for BUY”Price Action” signals. And if you got a short trigger on the BKMGC_2 indicator, you should look foe SELL “Price Action” signals.
Enter the trade at the higher or lower candle of the price Action signal.
This is important Rules of How to trade with the Forex BKMGC Trend Trading Technique…
- Price touch or break the lower band
- Long trigger (BUY Signal) on the BKMGC_2 indicator
- RSI line > level 55
- Price Action signal (BUY): Bullish Pin Bar
- Price touch or break the upper band
- Short trigger (SELL Signal) on the BKMGC_2 indicator
- RSI line < level 45
- Price Action signal (SELL): Bearish Engulfing
Be a Realistic Under and Control Trader
Keep your emotions under control – This is perhaps the most important one. As previously said, trading on the forex is exciting, fun and dynamic, but it’s crucial not to get carried away because of this. Successful traders approach trading like a business, not a hobby.
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