Forex Apocalypse package

Description

Forex Apocalypse trading system is based on a wave reversal trading strategy. That means, instead of following the trend, we are going to follow the waves within the trend and trade when reversals happen.

The indicator we are going to use is : Stochastic Oscillator ( levels : 70 – 30 ) And we are going to use price pattern called the ‘’Pin Bar’’.

The pin bar means that the price is going to move in the opposite direction to where the nose is pointing. In Figure 1 the nose is pointing up so the trader should expect prices to move down.

A pin bar must:

1 – have open/close within the first eye, protrude from surrounding prices (‘stick out’ from surrounding prices); it

2 – Cannot be an inside bar.

A good pin bar has:

1 – A long nose (and a long nose relative to the open/close/low),

2 – A nose protruding a long way from the prices around it (it ‘sticks out’),

3 – the open / close both near one end of the bar.

Please note that this system works with all time frames and currency pairs. But it’s highly recommended to be used with major pairs and 15 Minutes chart and above. For best results, use it on 1 hour time frame.