FxGhani 3 White Soldiers/3 Black Crows. ( Intermediates ) - FxGhani Trading Learning Place

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FxGhani 3 White Soldiers/3 Black Crows. ( Intermediates )


Time Frame: Any
Currency: Any
Indicator: Bollinger Band (20)


Very simple system, just watch for 3 consecutive bullish candles for a buy or
3 consecutive bearish candles for a sell.


Note: 

On the larger moves, the price will retrace. Best thing to do in this
situation is when you see this happen (typically 1 or 2 candles in the
opposing direction) simply close the trade and re enter when the price has
returned to the point where the changed started.

Exit Strategy: 

A lot of time you can count on approx. 2-3times the value of
the retracement (e.g. If the price retraces 10 pips, then you are looking on
the re entered trade of a TP between 20-30 pips).

You can use any 3 consecutive bullish or bearish candles, however this
works best when the price has just bounced off the Bollinger Bands.


FxGhani 3 White Soldiers/3 Black Crows. ( Intermediates )

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