GBPUSD - Stoch-Rsi continuation trade.
Updated
Traders,
Its been a while since i posted a trade oppertunnity.
Here it is. I developed an system for trend continuation oppertunnity's. Backtested it and this will be my first trade using this strategy.
Trade rules :
- Trade has to support the trend and has to have at least .382 retracement.
- 10D RSI needs to be under 40 or above 60.
- Stoch needs to be oversold/overbought.
- We need atleast a candlestick formation in order to enter a trade.
MM rules:
- Stoploss goes 10 pips below candelstick/entry decision.
- 1st target goes to the previous highs.
If decided to open 2 positions for extended targets:
- When first target is hit move 2nd positions SL to BE.
- 2nd position target goes 1.414 extension of 1st target.
Lets see if the first trade will work ;).
Best regards,
Its been a while since i posted a trade oppertunnity.
Here it is. I developed an system for trend continuation oppertunnity's. Backtested it and this will be my first trade using this strategy.
Trade rules :
- Trade has to support the trend and has to have at least .382 retracement.
- 10D RSI needs to be under 40 or above 60.
- Stoch needs to be oversold/overbought.
- We need atleast a candlestick formation in order to enter a trade.
MM rules:
- Stoploss goes 10 pips below candelstick/entry decision.
- 1st target goes to the previous highs.
If decided to open 2 positions for extended targets:
- When first target is hit move 2nd positions SL to BE.
- 2nd position target goes 1.414 extension of 1st target.
Lets see if the first trade will work ;).
Best regards,
Trade active
candle closed bullish. time to enter.Trade closed: stop reached
Closed at BE
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