Forex Forecast Trading System
This trading system allows you to trade in any timeframe in a low spread currency pairs specifically the major pairs.
Forex Indicators:
- GMMA
- Stochastic (9,3,3,)
There will be 5 orange lines in the chart and 2 pink lines. These are for gauging the trend.
The pink line that crosses the orange lines indicates a trend in progress. The wider the stronger the trend.
The market is ranging when the orange lines are close together and the pink lines are going from one side to another.
Two pink lines often moves close together but do not cross the orange lines means there will be a pullback.
Stochastic shows reliable accuracy when price is over sold or overbought.
This indicator is out trigger for the trade!
During a downtrend situation, when price pullback to the orange gamma lines and the pink lines come closer together, watch the blue line of the stochastic indicator for it will go over the 80 line and then goes back.
Take a short trade if it will go back to line 80.
The buy position is the opposite, once price is in an uptrend we look for a pull back to the
pink lines and wait for stochastic to cross the 20 line and cross it back again to enter a buy position.
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