【Anyone Can Understand Buy Signal】Narrow entry points with two types of technicals; trend-following trades aiming to ride the trend as long as possible [Kaori Takada]
Kaori Takada Profile
A tireless pillar of a housewife blogger who takes care of two sons and her husband. Investment history includes 2 years in FX, 5 years in binary options, totaling about 7 years. While devoted to house chores as a full-time housewife, she also supports the household with binary options. Her motto is “beginners can learn, understand, and do,” and she provides various explanations on her blog!
Blog:https://www.binaryoption-blog.jp/
Twitter:https://twitter.com/kaorimama_ma
Strategy Highlights
- Technical: Moving Averages (25, 30, 35, 90, 100, 110 SMA), Awesome Oscillator
- Trading Timeframe: 1-hour, 15-minute
- Target currency pairs: USD/JPY, GBP/JPY, EUR/JPY, AUD/JPY, etc.
- Benefits of this strategy: visual trading decisions, potential for profit
New
- If you determine an uptrend on the 1-hour chart (refer to Point ④), switch to the 15-minute chart and confirm that the uptrend conditions are also met
- Enter if the Awesome Oscillator (AO) bar is above the 0 line and the bar color is blue
Settlement
- Set a stop loss 30 pips from entry
- When on the 1-hour chart the price breaks below the short-term MA band and AO crosses below the 0 line, and on the 15-minute chart the price breaks below the long-term MA band and AO crosses below the 0 line, take profit
※The “Strategy Highlights” and body text assume a long position in an upward phase. In a downward phase for shorting, the opposite rules apply.
※This article is a republication and remix of an article from FX攻略.com, April 2019 issue. Please note that the market information described in the text may differ from the current market.
