Forex Strategy «punched trend» — outrageously simple strategy, but nevertheless allows Forex traders to earn a good profit when trading, using only 2 indicator and trend line of Demark.
Set the schedule for the chosen currency pair following forex indicators (all of them are present in standard):
- Exponential Moving Average EMA (9) — color red
- Exponential Moving Average EMA (30) — Color blue
- Indicator Momentum (14), as well as the need to establish a level of 100.
Recommended trade on the hour timeframe (H1).
Just before the conclusion of the transaction, you must have a line of Tom DeMark — indicating the direction of the trend in the market (it should connect at least 3 minimum oscillatory or vibrational peak.
Deal for a BUY of forex strategy «punched trend»:
1) the market price breaks the downward trendline T. Demark up
2) Momentum is above the prescribed level of 100
3) Exponential Moving Average EMA (9) intersects the upward exponential moving average EMA (30).
Remember — the deal to be concluded at the opening of a new candle in this timeframe — to confirm the reality of the breakdown of the trend line and crossing removals.
An important addition — Cross the 2 moving averages EMA can occur after the breakdown of the trend line of Demark.
Conclusion of the transaction for SELL — check conditions.
Safety stop-loss put above the local maximum (at Bay) or below the local minimum (for Cell).
Exit from the transaction (Profit) — immediately after the Momentum (14) crosses and closes above (for sale) or below (for purchase) her level of 100.
