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Using Parabolic SAR Strategy and RSI indicators together on an hourly and 15M currency same pair charts for a day trading strategy. The Ih and 15 m charts are more sustainable trend direction through a day trading than the 5m chart. Look first for the daily chart for the trend direction. If you have a bullish trend on daily chart look to buy on hourly or 15m chart when you get a ParLE +2 signal on an hourly or 15 m candle. If you have a bearish trend on daily chart , look and wait to sell on an hourly or 15m chart when you get the ParSE -2 signal on the candle.Always look for the RSI level before you decide to buy or sell,you buy when the RSI is low and you sell when the RSI is high.

GBPUSD 15m.PNG103.05 KB
Thu, 08/23/2018 - 11:53am

This strategy works well with the trend reversal on daily chart.