Middle Bar ~ forex market times open close
Middle bar trading system requires only a plain chart on the daily timeframe.
It’s a little subjective, and so requires some experience to identify the
best opportunities.
On the Daily chart, we look at the last candle to see if it is larger than the
average candles around it.
For a BUY:
Once we identify a large candle, then the next day, we place an order to
BUY in the MIDDLE of the candle.
Our stoploss goes below the LOW of the previous candle – and then we
trail it to try and ride a big trend. |
Middle Bar trading system |
SELL:
Once we identify a large candle, then the next day, we place an order to
SELL in the MIDDLE of the candle.
Our stoploss goes below the HIGH of the previous candle – and then we
trail it to try and ride a big trend.
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Middle Bar trading system |
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