Point to narrow down entries

Hello!

I am Satori, a researcher of FX and binary options strategies.

Today, I will guide you on narrowing down signals for entries using the wave-riding indicator.

The figure below is an example of a short entry on AUDUSD 5-minute chart.

https://livedoor.blogimg.jp/fxmt4indicator/imgs/d/3/d3a92ccf-s.png

The orange counter-trend sell signal is recommended when the signal appears at the previous high level.

It seems like a W top may form on the retracement.


The figure below is an example of a long entry on EURUSD 5-minute chart.

https://livedoor.blogimg.jp/fxmt4indicator/imgs/4/c/4c8b84a7-s.png


The green counter-trend buy signal is recommended when it appears at the previous low level.

We are in a state where a W bottom might form near the bottom price.


The figure below is an example of a sell and buy entry on GBPUSD 5-minute chart.


https://livedoor.blogimg.jp/fxmt4indicator/imgs/f/c/fcba472f-s.png


The pink trend-following sell signal is recommended when it is around the neck line of the previous peak.

The green counter-trend buy signal is recommended when it appears at the previous low level.


Because the Wave Riding Indicator generates many signals, it is believed that narrowing to signals that appear near resistance lines on the chart will improve accuracy.

The indicators used today are listed below.

Wave Riding Indicator
https://www.gogojungle.co.jp/tools/indicators/25776

Thank you very much for reading this far today as well.