Band Bounce with 200 SMA ~ forex hours of trading
Band Bounce trading system is a real long-termer (perfect for those with day-jobs!). But it gets even better this system can be traded by placing orders so you don’t even need to be at your computer.
The only indicator used is 200sma (with added +100 pip and -100 pip price bands).
Time Frame 4H
Currency pairs:any.
We use the 4-hour charts only, but you can trade any pair that you want.
Long Entry
For a BUY trade then price must enter INTO the price-band from the top,
we then BUY when price touches the 200sma, and take profit when it reaches the UPPER price band again.
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Band Bounce with 200 SMA |
Short Entry
For a SELL trade then price must enter INTO the price-band from the
bottom, we then SELL when price touches the 200 sma, and take profit
when it reaches the LOWER price-band again.
We place our stoploss at the other site of the price-band.
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More info for Band Bounce with 200 SMA ~ forex hours of trading:
