381# Bear Naked Pattern, Contrarian Trading System

Submit by Joy 22 23/07/2012

 

Time Frame 15min or higher.

Currencye pairs:any.

 

Indicators:

Indicator1;

Indicator2;

Bear Naked Pattern;

 

 

Long Entry

Go long only if the price has broken the lower band and the line of destiny confirm the buy arrow.

Note:the arrow to buy is valid if it does not appear above the middle band.

 

Short Entry:

Go Short only if the price has broken the upper band and the line of destiny confirm the sell arrow.

Note:the arrow to sell is valid if it does not appear below the middle band.

 

Exit Position:

Profit Target at the middle band.

Stop Loss at te previous swing.

 

 

BearNakedpattern is formed by:CCIMA and Bollinger Bands.

 



In the pictures Bear Naked Pattern, Contrarian forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

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