432#Snake and the Wave
Trading of the Snake
Submit by Leon 08/02/2012
Time Frame 5min or higher (work best 4H yime frame).
SHI Silver Trend(to show the top or bottom of price movement),
Snake Borders, (In snakeborders, red color indicate pressure of downtrend, blue color indicates pressure of uptrend, silver indicate neutral),
Snake Force(to show the trend, green indicates uptrend, red indicates downtrend),
Prive channel stop blue dot buyl after red chain penetrated by up movement price and show the blue chain below, buy according to the visualization of snake force. Green indicates up trend.
Sell after blue chain penetrated by down movement price and show the red chain above buy according to the visualization of snake force and red indicates downtrend.
1)when appears opposite dot of the prive channel
2)At the Support o resistance levels
3) Profit Target predetermined, depends by time frame and currency, or ratio 1:5 stop loss.
4) Stop loss on the previous swing.
In the picture Snake and the Wave forex system in action.
Share your opinion, can help everyone to understand the forex strategy.