Breakout Directional Intraday is a forex trading system. This is one of the most simple forex trading systems available out there. Another important thing is that, even though the Breakout Directional Intraday forex trading system is very simple, it works very well in the forex market. It works beautifully with beginners as well as expert traders. The signals are generated on the basis of breakout and directional intraday movements of the forex pairs. There are only two technical indicators used in this forex trading system. The Breakout Directional Intraday system is useful for the swing traders. The concept of this forex trading is based on fundamental principle- buy low sell high. Yes, buying cheaper and selling higher is only the way to make money in any financial markets. So, the cheaper you get and the higher you can sell, better. The proper time frames for this pair to trade are 5 minute, 15 minute, and 30 minute.
This forex trading system can be used in a very simple way if you choose to. Actually it’s same with all the systems that the trading game becomes more complex if you try to make it complex. Using a simple method and following the rules of the system with discipline are the only ways you can make money in the trading business. You should have a trading plan before you enter in to the market.
When the Breakout Directional Intraday system is correctly installed on your trading platform, your chart should look like this:
- TrendPlus Zone
TrendPlus Zone is a technical indicator. It consists of blue and grey color divisions. These divisions will tell you where to enter and where to exit.
- Forex Strategist SR
Forex Strategist SR is a technical indicator. This indicator shows the support and resistance of the market. The idea is to enter a long position in the support territory while to enter short position in the resistance territory.
Buying Conditions Using Breakout Directional Intraday.
- Place a long position when Forex Strategist SR (white) indicator appears on the chart.
- Place your stop loss just below the recent swing low.
- Take your profit when the Forex Strategist SR (yellow) indicator appears on the chart.
Selling Conditions Using Breakout Directional Intraday.
- Place a short position when Forex Strategist SR (yellow) indicator appears on the chart.
- Place your stop loss just above the recent swing high.
- Take your profit when the Forex Strategist SR (white) indicator appears on the chart.
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