Forex Apocalypse buying and selling system is predicated on a wave reversal buying and selling technique. That means, as a substitute of following the pattern, we’re going to comply with the waves inside the pattern and commerce when reversals occur.
The indicator we’re going to use is : Stochastic Oscillator ( ranges : 70 – 30 ) And we’re going to use value sample known as the ‘’Pin Bar’’.
The pin bar signifies that the value goes to maneuver in the other way to the place the nostril is pointing. In Figure 1 the nostril is pointing up so the dealer ought to count on costs to maneuver down.
A pin bar should:
1 – have open/shut inside the first eye, protrude from surrounding costs (‘stick out’ from surrounding costs); it
2 – Cannot be an inside bar.
pin bar has:
1 – An extended nostril (and a protracted nostril relative to the open/shut/low),
2 – A nostril protruding a good distance from the costs round it (it ‘sticks out’),
3 – the open / shut each close to one finish of the bar.
Please notice that this method works with all time frames and foreign money pairs. But it’s extremely beneficial for use with main pairs and 15 Minutes chart and above. For finest outcomes, apply it to 1 hour timeframe.