1.General method for opening a position
(a) Watch the bar chart (candle chart 30M)
(b) When the signal approaches, switch to 15M and carefully open the position
(c) Next return to 30M
The „buy” signal
FX Sniper’s lines cross
CCI raises above zero and the dot on line LSMA is green
Waddah Attar – the green line of the histogram crosses the yellow signal line from below, the yellow line is above the blue broken line; even better if the yellow line is rising.
Closing a position
FX Sniper’s lines cross and generate a „sell” signal, or both FX Sniper’s lines cross
The grren line of the histogram hids underneath the yellow signal line
The „sell” signal
everything is reversed compared to the „buy” signal…
Waddah Attar – the red line of the histogram crosses the yellow signal line, the yellow line is above the blue broken line; even better if the yellow line is rising
Reversal or aggressive buy/sell signal
The signal occurs when after a significant activity there is a sudden reversal
FX Sniper’s lines cross each other, or both lines cross CCI34 without crossing each other and generate a „buy” signal.
The green or red histogram Waddah Attar HIDES BENEATH the gold signal line – observe the first bar (candle) at which the histogram will hide beneath the signal line and change colour.
The colour of LSMA dot is consistent with the position being opened (green for long, red for short).
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