The forex trading technique which I am about to reveal to you now is a kind of scalping strategy which you can use to generate profitable buy or sell signals to place your trades. This is the way you should set it up. You should use the currency pair GBP / USD, the length of time you should use is the 5 minute chart and the indicators you can use for it are MACD 5, 8, 9, SAR on MACD using the figures 0.1, 0.11 and SAR on the chart with the figures 0.1, 0.11.
The time you should carry out this trade should be from 7.00 am to 12.00 am, its time period should be Eastern Standard Time. I suggest you trade from Tuesday to Friday. When you have seen that the two SARs match, for instance it indicates the same buy or sell chance. Place your trade using just 1 order (when you receive about 5 pips you can then terminate the trade) or two orders (for long term trade). You should modify your stop loss when you have entered the finish but they should be one SAR dot on the chart at this period before you arrival. If during the period of your admission you notice just a dot on the chart, simply terminate your trade at this spot. You have to follow the rules to get something out of this profitable forex signal.
Your profit target should be 5 pips for the first and as for the second your profit target should be scalped once the opposition signal shows up. That is the two SARs should shift in its movement or at the time the stop strikes (during this period its mainly a halt in profit) If before this occurs you palpate that the gain you have made is much to retain – simply withheld them on time .
This section will be for exits. As you running a live trade and one of the SARs signals reverses the trend, but the second does not signal anything – simply keep running the trade. Bear in mind that a stop loss is mainly at the second nearest dot of the SAR which can be found on the 5 min chart. For every recent SAR dot, make sure you adjust the stops for every order till you get to the second closest SAR dot. The reason why you should do this for the second is because I discovered that the initial SAR is usually a hot cake, but the next one usually holds on. At this stage, I suggest you do not alter your stop, just keep watching it without performing any action till the SAR regresses. You have just learnt one of the profitable forex signals.
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