Price Action Trading Strategy – Support and Resistance Trading Strategy with Super Fast BS Trend Filter.
Trading NOTES
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
This Support and Resistance Trading Strategy with Super Fast BS Trend Filter is a template for forex that has as purpose, interpretation of the movements of the currencies with static levels in the space: Support and Resistance.
- Time Frame: M15 or higher
- Currency Pairs: GBPUSD, EURUSD, AUDUSD
MetaTrader Trading Indicators
- PZ Support Resistance Fixed
- SupDem 4Z
- 3 Level ZZ Semafor
- Dynamic Zone and pa inverse fisher
- Hull ribbon
- TM setting 4H and h1
- TM555 20 period – 2.5 deviations (current time frame)
- TM555 30 period – 2.4 deviations (240min time frame)
- TM555 30 period – 2.4 deviations (1440 time frame time frame)
- BST Trend
- Super fast
BUY Rules
- Wait until an area of SUPPORT is formed
- Make sure that this SUPPORT AREA is tested by the action of the price
- Getting into buying when the trend indicators align: super fast blue bar, hull crosses upward the TM555 and inverse fisher blue line.
SELL Rules
- Wait until an area of RESISTANCE is formed
- Make sure that this RESISTANCE AREA is tested by the action of the price
- Getting into selling when the trend indicators align: super fast red bar, hull crosses downward the TM555 and inverse fisher red line
Trading NOTES
- Profit target ratio = 1:2 or 1:3
- Stop loss below/above Support or Resistance area