Here’s a quick 4 step strategy you can implement in your forex trading to get started straight away. This is know as the Instant Pip Strategy.
For Buy to Enter (UPTREND)
- Wait for the currency pair to hit or nearly hit the lower Bollinger.
- Ensure its a whit candle to indicate bullishness. Please note that ideally the RSI and CCI should go up as well.
- Stoockhastic should be at the bottom The Parabolic Sar should preferably be below your price. If that’s the case, go long at the opening of the third candle. Exit when it reaches the upper Bollinger.
- The initial stop is placed at the first candle’s low or 100 Pips below the buy entry price. Of course this is determined by whatever is lower.
There you have it. 4 simple steps that should get you your first gain in the Forex market once you implement this immediately.
Hi, my name is Drew Driscoll. And I'm a happily married man with 3 beautiful kids.