Forex Wave system based on Price Action Method. The system is non- repaint. Bolinger band, 200 SMA, & Price Action arrows are included in this system.
How to trade with Forex Wave system.
Buy-Price must be over the middle of the Bollinger band. Bollinger band needs to cross up 200 SMA & price should be above 200 SMA. If price agrees with these two conditions it means, the forex trend is up. At that time when blue arrow appears, you can enter buy trade. Enter to trade with the trend. If arrow & trend not agree don’t enter to trade.
The price must be below the middle of the Bollinger band. Bollinger band needs to cross down 200 SMA & price should be below 200 SMA. If price agrees with conditions on that time market situation is down. If a purple arrow appears with a forex downtrend at that time you can enter to sell trades. Once appear blue arrow in sell trend please ignore that trade. Don’t take opposite forex trades for the trend.
Don’t wait to exit your trade with the opposite arrow. Use Trailing stop. otherwise, exit your forex trade with target profit. Once your trade becoming profit move your stop loss to the entry point. Then your trade is safety. Don’t need to worry about your forex trade. Then you can go on profit as you wish. You can move your stop loss again & again below entry point when increasing profit.
Whatever, don’t do Forex trading like gambling. you must study the Forex market very well & also follow price action methods. Get good knowledge about Forex news. Analyze your currency combined with your knowledge.
Then you can be a good Forex trader. Also, day by day you can grow your account.
Forex Buy trade
Price over 200SMA.
Price below 200SMA.
Set near to SMA line from entry point.
Set 1:2 Risk- reward ratio or as you wish.
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