Singapore Swing Forex Trading Strategy - Forex Strategy Resources

Name : Singapore Swing Forex Trading Strategy
Time Frame : 15 Minutes
Indicators : RSI (14), Forex Trend (download here)(20,20)

Singapore has grown over time featuring its capacity to make the right choices during the time that is right. Looking only at that giant that is conservative I created this tactic enabling a trader to watch for the right time and capture a trend reversal.

Making use of this move trading strategy

Stock up any currency set who has a spread that is low preferably some of the majors, and set the trading timeframe to fifteen minutes. Then go to attached the Trendline file that you've downloaded and the Strength that is relative Index the settings mentioned previously. Spot 70 and 30 levels on your settings which can be RSI.

Buy Situation

When the market is trending down / short, the RSI is necessary by us to get across below level 30. Wait for the close of a candle over the 2 Red Lines.  Then make sure the RSI went from below level 30 to above 30 as showed into the image. A Long / purchase trade is exposed at the opening of the following candle. The stops could be held during the swing low of this candle that is previous at any degree centered on your risk appetite.

Sell Situation

Once the marketplace is trending up / very long, the RSI becomes necessary by us to get across above level 70. Wait for the close of a candle below the 2 Blue Lines.  Then confirm that the RSI went from above level 70 to below 70 as showed in the image. A quick / Sell trade is exposed during the opening for the next candle. The stops could be kept during the swing high associated with the candle that is previous at any degree based on your risk appetite.
Exit Methods

Option 1
1:1 danger to reward. In the event your stop is -12 pips your limitation must be pips which can be +12.

Choice 2
Open 2 lots. If your end reaches -10 pips, as soon as your trades goes into your favor and you’re at +10 pips, close 1 great deal and allow other one run. Exit at Support and Resistance levels.

Choice 3
Exit during the nearest 50 or 00 level. They are psychological levels. (make certain your exit is at least similar quantity of pips as your end, otherwise dont enter the trade)

Choice 4
Trailing Stop. Once in a trade, during the close of each candle, destination your stop 1 pip below the reduced (if in a buy trade). Vise versa for sell trade.