The
Blue bubbles above the channel indicate
Buy zone.
Three bubbles indicate confirmation.
There are a few ways to enter -
1) Buy when the price retraces below the open of last bar.
2) Buy when the price retraces to the upper channel.
3) Last bar High breakout entries are aggressive.
It looks very clear here -
Targets depends on your trading styles - scalpers can take a few pips on each bars while swingers can follow it with a trailing stop.
Stops can be the lower channel. The upper channel can itself form a aggressive stop depending on your entry and money management. Notice that the stops can be super tight. And often there are breaks in same direction.
Turn the rules around for sells.
The MOST imp point is -
this system enforces discipline with good risk/reward for short term traders. Otherwise it is very easy to get lost in the random noise searching for scalping opportunities.
Now the trader can stay relaxed and focus on high probability zone only. Some folks keep
12 pairs on the screen - and zoom in where the bubbles appear.
The entries/exits can be tailored by the experienced trader. One need some screen time for it.
The JPY pairs are like fishing in a barrel lately.
regards.
more bubbles
Linear Mode
