Saturday, January 21, 2012

500 pips Daily using BB only

Time frame: 1 H
Pairs: all
Indicators: Bollinger band ONLY.

Steps:
open the chart ( 1 h frame).
Place a vertical line at zero Candle.
modify settings of Bollinger from 2 to 1.5 and placing them in the chart.
Place horizontal lines starting from the intersection of the upper Bollinger line with a candle zero.
place horizontal lines starting from the intersection of the lower Bollinger line with a candle zero.


HOW TO TRADING:
entry BUY if:

1- Price broke through the line of the Bollinger lower down and closed above
(Opening the bottom line and closure the top of the line).
2- Penetrate the upper line from the bottom of the Bollinger horizontal line to the above.

entry SELL: (Vice versa).

TAKE PROFITS:
1 - in the first case :
The upper line of Bollinger in the case of BUY and the bottom line of Bollinger in the case of SEEL.
2- In the second case 20 pips only.

STOP LOSSES:

Half the value of Take Profit.



Chart:








Two Chances:
1) Buy >>>> Enter with -
2) Buy >>>> Enter with +


Good Luck

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