Amazing Forex Funnel Trading System
This is an example of an incredible simple forex trading system that can be used on all currency pairs and timeframe’s from the 30 minute charts and above.
We’re looking for rapid buy and sell signals in an established trend.
Indicators: ArrowsAndCurves (default settings)
Preferred time frame(s): 30 min and above
Trading sessions: Any
Preferred Currency pairs: Any
EUR/USD 4 Hour Chart
The chart above illustrates how easy it is to spot trading opportunities with this trading system.
Just trade in the overall direction of the small blue and red arrows. Click the chart to enlarge.
- Criteria #1: Blue arrow appears on the chart (bullish prevailing trend)
- Criteria #2: Price hits the lower trading band
Go long. Place stop-loss below immediate support level (low risk)
Target: Close the buy trade at or near the upper trading band
Wait for the next buy opportunity until a red arrow appears on the chart (now look to sell)
- Criteria #1: Red arrow appears on the chart (bearish prevailing trend)
- Criteria #2: Price hits the upper trading band
Sell the currency pair. Place stop-loss below immediate resistance level
Target: Close the sell trade at or near the lower trading band
Wait for the next sell opportunity until a blue arrow appears on the chart (now look to buy)