RSI and Stochastic Oscillator Binary Ideas Strategy multi time period Excessive/Low is a style momentum trading method.
Markets:Currency trading (EUR/USD, USD/JPY, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY,
Indicies (S&P 500, Nasdaq, DAX, FTSE), Metals (Gold and Silver).
Time Body 15min and 1 min.
Expires time 10 min max 15 min.
Open 15 minute candlestick chart, add here indications:
RSI (4 length, degrees 25 an seventy five).
Stochastic (with the default settings of 5,3,3)
Open also 1 minte chart by the comparable warning signs.
Guidelines for RSI and Stochastic Binary Recommendations Procedure
change simply towards the trend-momentum.
On the 15 min chart the RSI closing under 25 level
open the 1 minute chart and view the stochastic indicator if this is crossing upward, place your trade and purchase name choice.
On the 15 min chart the RSI closing above seventy five stage
open the 1 minute chart and examine the stochastic indicator in case it is crossing downward, vicinity your alternate and buy put preference.
This method can also be outstanding for scalping in the forex market on substantive.
Target price 7-10 pips depends by foreign money pair or the Fibonacci levels.
Preliminary end loss 15 pips.
See example within the picture