| Download this article in PDF format or listen to it below | |
Hi friends,
Today I want to share one of the most powerful trading tools we have and can enjoy from. I am talking about trading after BOOM. You must asking yourself what I am talking about and let me share with you few examples.
The first thing you have to do is to find a trend. Then identify the first two spots of this trend.
Then, let the market make a BOOM move and run away from the trend line you draw.
After the BOOM move find RSI divergence (Better around 80 level, but not a must) and enter once the stochastic cross to your direction.
Let’s see an example:
As you can see I found two lows (First lows) of this up move. Then I had a boom up, then I waited for RSI divergence and then for stochastic cross. The only thing you have to make sure is your target is at least 3 times bigger than your stop. In this case you can lose more, and still finish your month with wonderful profits.
It works on ANY pair and any TF.
I hope you can enjoy it for your trading.
Yours,
Vladimir Ribakov
Why Consumer Confidence Matters in Forex Trading When analyzing the Forex market, traders often pay…
When traders study the Forex market, they often focus on economic indicators such as inflation,…
The markets are showing some fascinating technical developments this week, and there are several opportunities…
When Being Right Becomes More Important Than Making Money Every Forex trader wants to make…
Why Doesn't a Strong Economy Always Have a Strong Currency? Imagine that a country reports…
Have you ever opened your trading platform, watched the market move, and felt that you…
View Comments
I am happy to hear that
And I would never dare to share things that I am not sure they work very powerful
Vladimir Ribakov
I am sure you will.
There is one today :)