The most difficult part of trading is to make decisions. Because of that it is crucial that every trader should find a method/system which suits his/her own situation and personality. And of course that system/method must be the one that has proven to be able to make money. I believe this system will do all the hard work for you. All you have to do is just following the signals.
If you are a day trader who prefers short-term time frames, this system is excellent for you. Suggested time frames for this system are 1-hour and 30-minute. You can possibly trade any currency pairs by using this system.
Remember that there are four key principles for trading
- No Fear — when you to enter a trade
- No Surprise — when things don’t happen as you thought
- No Hesitation — when you are about cut your loss or take your profit
- No Doubt — when you have a logic behind your trading system
Now please have a look at the chart below before I explain this profitable and simple strategy:
This trading strategy consists of two powerful indicators: The moving average and Fisher oscillator. The moving average is one of the most popular indicators. It is used to identify areas of short term support/resistance and to determine the current trend. Fisher oscillator tells us when to enter the trade.
- Price has to be above the moving average
- Wait for Fisher oscillator to turn to blue.
- Price has to be below the moving average
- Wait for Fisher oscillator to turn to yellow.
Profit Target: 20-30 pips.
Stop Loss: 25 pips (30M chart), 40 pips (1H chart).
Indicator: !XPS v8 INV FISHER.ex4
Template: striker strategy