PIP LORD IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFOMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS ,OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOOSE.
VENOMSTRATEGY DETERMINATION OF THE DIRECTION OF THE NEWS
USING OVERBOUT AND OVERSOLD LEVELS
WITH THIS STRATEGY WE WILL BE USING THE FOLLOWING
INDICATORS RSI PERIOD 1 LEVELS , 10,9,8,7,6,,,,,90,91,92,93 MOVING AVERAGE 5 EXPONENTIAL OWN COLOUR ON THE INDICATOR WINDOW 1 THE RSI WILL SHOW YOU THE OVERBOUT AND OVERSOLD LEVELS IF THE MOVING AVERAGE TOUCHES THE OVERSOLD LEVEL BEFORE THE NEWS , WE EXPECT A BUY IF THE MOVING AVERAGE TOUCHES THE OVERBOUT LEVEL , WE EXPECT A BUY BEFORE TAKING TRADES , THERE HAS TO BE REJECTIONS IF THE MARKET IS OVERSOLD AND YOU SEE A HUMMER REJECTING CANDLE , TAKE A BUY IF THE MARKET IS OVERBOUT AND YOU SEE A REJECTING CANDLE , TAKE SELL ALL THIS IS SEEN ON 15MIN CHART BEFORE TAKING TRADES ALSO LOOK FOR THE PATTERNS I MENTIONED ON THE DIRTECTION PDF THE M , W , V OR U ALSO HEAD AND SHOLDERS THE INDICATOR SERVES AS A CONFIRMATION , SO ALWAYS ANALYSE FIRST HERE FOLLOWS SOME EXAMPLES
ON THE FOLLOWING PICTURES
PARTENS ARE DRAWN OVERSOLD AND OVERBOUGHT IS SHOWN BY AN ARROW REJECTION IS SHOWN BY AN ARROW WRAPP YOUR CAR AT VENOM , WHATSAP +27822680378 FOR MORE INFORMATION ON THIS PDF