Bill Williams Awesome Oscillator Trading Strategy on AUDNZD 1 H

12 Tem 2017

I am waiting for the Awesome Oscillator to cross below 0 line on my 1 H chart. As soon as the 1st red bar post I will enter. I will exit when two consecutive green bars display on the AO. This has the potential for a big move. On my MT4 I have additional entries at these levels - 1.05449, 1.0527, 1.0507. These entries were based on past Sup/Res levels. My exit for all of these additional entries is 1.0480 based on a past res level.

12 Tem 2017

Not

4 hours have gone by. Price has bounced off the AO 0 line long instead of breaking below the 0 line short. This is a great rule to help filter out a trade that is not ready yet or the timing is wrong. I will keep this post open until US session begins tomorrow.