Forex Blast RSI Trading Strategy is just another great invention for effective trading and very much ideal for professional forex scalpers & intraday traders.
Blast RSI trading strategy is a combination of two indicators named Classy Blast and DACOPEN. The goal of this indicator is to catch the momentum of a trendy market with a better point of entry and exit.
Blast RSI strategy is famous for spotting both trend condition and current price sentiment at the same time that allows a trader to lead a more relaxing everyday trading life.
Classy Blast: Located at the first indicator window. Though it looks like a combination of various colors but actually it is very easy to read. Whenever Classy Blast changes its color means the change of current price movement sentiment to the opposite direction. If you see there is no color or it is blank, that means current price sentiment is neutral or you can say market is just taking a nap and you should not knock the market while it is napping. That is a rule you should remember!
DACOPEN: You’ll find it at the second window. This is a trend indicator that tells you the condition of current market trend. DACOPEN is red indicates bullish and red indicates bearishness of the present market trend.
Take profit when Classy Blast color changes an DACOPEN turns into red
Forex Blast RSI Trading Strategy: Sell Parameters
Classy Blast color changes to red/maroon
DACOPEN turns into red color
Set stop loss limit above the signaling bar high
Take profit when Classy Blast color changes an DACOPEN turns into white
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Arun Lama
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
