** Simulator **

There were a few profitable trades and then this one which was stopped out.

 

Looking back we can come up with a couple possible reasons for it. However, an important point is that for this approach we need to be careful buying at the top of the band. This is a failed breakout of the 25042 level. Price moved all the way to the lower band, to the tick. Also, on the bar after entry we can start to see the stochastics turning over (lower) again.

 

 

 

 

Here are 4 short trades:

The blue line represents the 1.2350 level. It’s good to be aware of the “50’s” and the whole numbers such as 1.2300, 1.2400 etc.

A similar trade was taken on AUD/USD.

 

 

 

let’s take a look at a zoomed out chart.

These are “fast” charts, meaning things are taking place very quickly depending upon what type of approach you are used to.

Regardless, keep in mind we can apply much of this to any time frame. These are short entries.

 

 

Since we refer to bands, entries and exits should be reviewed to see how we are sticking to guidelines. For Example, price was travelling down fast and the entry took place below the moving average and middle band.

Also, do you notice a triangle formation?, it turned out the short entry was near the bottom of that. It can also be noted that price didn’t test the moving average until many ticks lower.

 

The chart graphics make it seem like the entries and exits were better than in reality. In this case there were some ticks gained however the actual entry was was right about at the middle band.