As an example, take a look at the chart below:. Your email address will not be published. It was evolving and improving all the time
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However, many traders prefer to have their trade split across two positions, as this enables them more flexibility in their exits. Again, this rule is not set in stone: The forex polarity indicator can be downloaded free from the members section of AuthenticFX membership is free, use the signup form on any page at top right.
This is my personal favourite indicator for trading this strategy. It is used much the same as if you were using the Bollinger mid-band or the 20 EMA. The band or ribbon or stream formed by the two indicators combined, gives you a little more to work with, in my opinion. As an example, take a look at the chart below:. The yellow stream is the forex polarity indicator, consisting of the 20 EMA and the Bollinger mid-band plotted together.
These settings are configurable for those who like to experiment. The white circle indicates a morning star forming at the polarity indicator.