Introducing the Discipline Oscillator used in Forex trading. This is a simple Forex trading Indicator which has generated consistent results over the past years. The Discipline Oscillator accommodates both expert traders and the begging group in making money consistently in the Forex Exchange Market. This Indicator can be used for scalping short term as well as swinging long term in the market. The main benefit of using this indicator is that it is extremely dynamic and it can be used to trade on any time frame with any currency pair.
Once Installed the Discipline Oscillator in your platform, your chart should look like this;
Discipline Oscillator has a histogram fluctuating in the positive and negative territory. When the Oscillator is in a positive territory it indicates bullish market conditions and when the Oscillator is in a negative territory, it indicates bearish market conditions.
Conditions For Buying Using Discipline Oscillator.
- The market should be up trending.
- The market should be bouncing from the recent swing low.
- Discipline oscillator indicator should be green.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Discipline oscillator falls into negative territory.
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Selling Conditions Using Discipline Oscillator.
- The market should be down trending.
- The market should be falling from the recent swing high.
- Discipline oscillator indicator should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Discipline oscillator rises to the positive territory.
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