Trend Following Stochastic Strategy

The trend following stochastic forex trading strategy is an easy to understand yet profitable strategy to trade currencies.

The only tools we need in order to apply this method is the stochastic indicator, ATR(14) and trend lines.

Find a down trending market and draw a falling trend line connecting the successive temporary resistance tops.

Wait for the price to rally towards the falling trend line. Go short in the vicinity of the falling trend line if the Stochastic Oscillator turns negative from overbought market conditions. Place stop 3 pips above the most recent level of resistance.


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