TRADE ENTRY POINT

This article focuses on the possible points trade can be placed using indicators like Awesome Oscillator, Bollinger bands, and others.

AWESOME OSCILLATOR TRADE ENTRY POINT

Consider entering a buy trade when the awesome oscillator indicator bar crosses above the zero line. Especially when the previous bearish awesome oscillator bars are bigger than the bullish awesome oscillator bars as shown in the image below.

Entry

 

You may enter a sell trade when the awesome oscillator indicator bar crosses below the zero line. Contrary to the buy trade, the previous bullish awesome oscillator bars are bigger than the bearish awesome oscillator bars as shown in the image below.

Entry

 

BOLLINGER BANDS TRADE ENTRY POINT

Enter a sell trade when price crosses and close below the mid-Bollinger band. Especially when there is a bearish price spike on the upper Bollinger band as shown in the image below.

Bollinger

 

Consider entering a buy trade when price crosses and close above the mid-Bollinger band. Especially when there is a bullish price spike on the lower Bollinger band as shown in the image below.

Bollinger

 

Enter a buy or sell trade when there is a range breakout after a Bollinger band squeeze. Especially when there is an outer band expansion and price laps with the outer band as shown in the image below.

Trade

 

Trade

Trade

CANDLESTICK PATTERNS

Fibonacci

 

5-13 EMA AND PARABOLIC SAR TRADE ENTRY POINT

Consider entering a buy trade when 5 EMA (red colour – Apply to Close) crosses above the 13 EMA (yellow colour – Apply to Close) and price also crosses and close above both EMAs. Especially when Parabolic Sar forms under the price and ticks up as shown in the image below.

On the contrary, enter a sell trade when 5 EMA (red colour) crosses below the 13 EMA (yellow colour) and price also crosses and close below both EMAs. Especially when Parabolic Sar forms above the price and ticks down as shown in the image below.

Trade

Trade

 

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) 2. Exness (https://www.exness.com/a/t0q1u0q1) and 3. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com).

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