5m 7s: Lenght

Name : Singapore Swing Trading Strategy Time Frame : 15 Minutes Indicators : RSI (14), Forex Trend (20,20) Strategy by : Analyst Navin Prithyani (forexwatchers.com) Singapore Swing Trading Strategy Singapore has grown over the years with it’s ability to make the right decisions at the right time. So looking at this conservative giant, I created this forex strategy. It allows a trader to wait for the right time and capture a trend reversal. Using this swing trading strategy Load up any currency pair that has a low spread, preferably any of the majors, and set the trading time frame to 15 minutes. Then proceed to attached the Trendline file which you have downloaded and the Relative Strength Index with the settings mentioned above. Place 70 and 30 levels onto your RSI settings. ==================================== BASED/ 1@ 1:1 Risk to reward. If your stop is -12 pips your limit should be +12 pips. 2@ Open 2 lots. If your stop is at -10 pips, once your trades goes in your favor and you’re at +10 pips, close 1 lot and let the other one run. Exit at Support and Resistance levels. 3@ Exit at the nearest 50 or 00 level. These are psychological levels. (make sure your exit is at least the same number of pips as your stop, otherwise dont enter the trade) 4@ Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip below the low (if in a buy trade). Vice versa for sell trade. ================================== Strategy & Indicator https://goo.gl/SqFpyt