Pinkish Trend is a forex trading system. Pinkish Trend forex trading system is extremely easy to understand and to trade with. You can have consistent and highly rewarding results by trading with Pinkish Trend system. The system is named Pinkish because it consists of pink color bars. The system itself consists of nothing more than a customized version of the candle bars. The Bars you see on the chart seems like a HeikenAshi charts but there may be some difference so it is named Pinkish trend by the developer. You are free to trade in any currency pair and on any time frames but you should be careful regarding the trend of the market. Identifying the major direction of the market and entering in the same direction is the best way to succeed in the market. It doesn’t mean that counter trend positions don’t work but it is highly risky to do so. You can agree with this point just by taking a simple example. If you see the daily/weekly time frame of any currency pair and analyze, in most of the cases you see that trend lasts up to one year to decade. The point I’m trying to make here is that if you had just thought of trading that pair in that particular direction you would have had higher chances winning since market has been up trending in overall. In such scenarios you should be able to figure out the end of the correction and enter when the market bounce higher next time.
When the Pinkish Trend forex trading system is correctly loaded on your trading platform your chart should look like this:
On your main chart window you can see green and pink bars. Bullish bars are green and bearish bars are pink. You should be buying only when you see green bars and should be selling only when you see pink bars.
Buying Conditions Using Pinkish Trend.
- Look for the market which is up trending.
- Wait for the correction to happen and wait for end of the correction.
- Enter long position as soon as green bars begin to form.
- Place your stop just below the recent swing low.
- Take your profits when the pink bar reappears.
Selling Conditions Using Pinkish Trend.
- Look for the market which is down trending.
- Wait for the correction to happen and wait for end of the correction.
- Enter short position as soon aspink bars begin to form.
- Place your stop just above the recent swing high.
- Take your profits when the green bar reappears.
Open demo account to test this system.
Download Free Forex Pinkish Trend Indicator