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    Reflection Is A Counter-Trend Trading Strategy

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    rosan
    This document outlines a counter-trend trading strategy called "Reflection" that combines signals from the Slow Stochastic oscillator, Japanese candlestick patterns, and price levels. It describes setting up the Slow Stochastic indicator and identifying entry signals at price levels confirmed by reversal candlestick patterns. Analysts recommend trading currency pairs and indexes with high option premium from 10:00-20:00 GMT+3, avoiding economic news periods. The strategy aims to generate up to 80% successful deals by reflecting off identified price levels and indicator signals.

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    Reflection Is A Counter-Trend Trading Strategy

    Uploaded by

    rosan
    69 views14 pages
    This document outlines a counter-trend trading strategy called "Reflection" that combines signals from the Slow Stochastic oscillator, Japanese candlestick patterns, and price levels. It describes setting up the Slow Stochastic indicator and identifying entry signals at price levels confirmed by reversal candlestick patterns. Analysts recommend trading currency pairs and indexes with high option premium from 10:00-20:00 GMT+3, avoiding economic news periods. The strategy aims to generate up to 80% successful deals by reflecting off identified price levels and indicator signals.

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    Original Title

    REFLECTION IS A COUNTER-TREND TRADING STRATEGY

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    This document outlines a counter-trend trading strategy called "Reflection" that combines signals from the Slow Stochastic oscillator, Japanese candlestick patterns, and price levels. It describes setting up the Slow Stochastic indicator and identifying entry signals at price levels confirmed by reversal candlestick patterns. Analysts recommend trading currency pairs and indexes with high option premium from 10:00-20:00 GMT+3, avoiding economic news periods. The strategy aims to generate up to 80% successful deals by reflecting off identified price levels and indicator signals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    69 views14 pages

    Reflection Is A Counter-Trend Trading Strategy

    Uploaded by

    rosan
    This document outlines a counter-trend trading strategy called "Reflection" that combines signals from the Slow Stochastic oscillator, Japanese candlestick patterns, and price levels. It describes setting up the Slow Stochastic indicator and identifying entry signals at price levels confirmed by reversal candlestick patterns. Analysts recommend trading currency pairs and indexes with high option premium from 10:00-20:00 GMT+3, avoiding economic news periods. The strategy aims to generate up to 80% successful deals by reflecting off identified price levels and indicator signals.

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    of 14

    TRADE STRATEGY

    REFLECTION
    SLOW STOCHASTIC
    +LEVEL
    +PATTERNS

    C CESS
    S U F

    80%

    UL
    OF
    UP TO

    DE
    ALS
    "REFLECTION"
    IS A CO UNT ER- T REND TR A DI N G S T R A T E G Y
    It consists of the signal combination from:

    …Slow Stochastic oscillator …Japanese candle models …and price levels

    As the assets, choose currency pairs and indexes with high option premium.
    STAGE 1. THE SLOW STOCHASTIC INSTALLATION
    Click the "Technical Analysis" button
    button on the OLYMPTRADE platform.
    Choose the "Indicators" menu.
    STAGE 1. THE SLOW STOCHASTIC INSTALLATION
    Open the "Indicator Wizard" section.

    3
    Click
    on the"gear" icon

    1
    Choose
    the "Oscillators"
    type
    2
    Click on the asterisk
    by the Slow Stochastic
    Oscillator
    so that it becomes
    yellow
    STAGE 1. THE SLOW STOCHASTIC INSTALLATION

    4
    In the appearing window,
    change
    the "Period" %K to 5
    5
    Switch to the "Style" tab
    and change
    he display to "Line".
    STAGE 2. PRICE LEVEL SETTING

    1 2 3
    Choose Place 4 levels Pay attention to the presence
    the "Horizontal line with a step of 50 or 100 points of at least 5 Japanese candles
    on the chart between the levels
    STAGE 3. PATTERN DETERMINATION
    To confirm the Slow Stochastic signals,
    it is necessary to use the candle turn models.
    They must be created "at the levels":
    i.e. so that one of the pattern candles touches
    or crosses the level.

    1.25600 1.25200

    1.25500 1.25100
    STAGE 4. CHOOSING THE TRADE TIME
    (EXPIRATION)

    TIME FRAME TRADE TIME


    1 MINUTE 5-7 MINUTES
    5 MINUTE 20-25 MINUTES
    10 MINUTE 50-60 MINUTES
    15 MINUTE 60-70 MINUTES
    LOWERING SIGNAL
    THE FIRST SIGNAL:
    the asset chart approaches
    the price level from down to up
    and touches the level
    or goes beyond its limits.

    THE SECOND SIGNAL:


    the Slow Stochastic line
    rises above the mark 80
    or has already turned
    and began leaving this zone.

    THE THIRD SIGNAL:


    the turning pattern is formed
    (the red candle
    covers the previous green
    one by its body or shadow).

    Action: if the specified criteria coincide – it is a good moment for opening the DOWN deal.
    REVERSAL CANDLESTICK PATTERNS
    FOR DOWN TRADES

    Harami Absorption Star Harami cross

    Trilinear star Evening Rains in the position Star turn


    in thought cross of a star turn

    Forceps Window Three candle Meeting line


    evening star
    RISING SIGNAL
    THE FIRST SIGNAL:
    the asset’s chart approaches
    the price level from top to down,
    touches the level,
    or goes beyond its limits.

    THE SECOND SIGNAL:


    the Slow Stochastic line
    fell below the mark 20
    or has already turned
    and began leaving this zone.

    THE THIRD SIGNAL:


    the turning pattern is formed
    (the green candle
    covers the previous red
    one by its body or shadow).

    Action: if the specified criteria coincide – it is a good moment for opening the UP trade.
    REVERSAL CANDLESTICK PATTERNS
    FOR UP TRADES

    Harami cross Star Absorption Harami

    Star turn Rains in the position Morning Trilinear star


    of a star turn cross in thought

    Meeting line Three candle Window Forceps


    evening star
    ANALYSTS’ RECOMMENDATIONS:

    1 The greatest number of entry points appears


    from 10:00 till 20:00 GMT+3

    2 Currency pairs and indexes are maximally suitable


    for the Slow Stochastic trade

    3 Choose assets
    with high option premium: 80-90%.

    4 Avoid trading
    in the periods of important economic news release
    START TRADING

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