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Learn how to trade with the Jorgen Super Indicator, one of the most famous indicators in the financial market, using a proper strategy for better results.
How to Trade with Proper Jorgen Super Indicator
Introduction:
In this article, we will explore the Jorgen Super Indicator and how to use it with the Super Trend. The Jorgen Super Indicator is one of the most famous indicators used by traders across all financial markets. We will reveal the best strategy to use with this indicator, which can be utilized in various ways, as both momentum and trend.
Trading Tools:
Before delving into the strategy, let us first understand the trading tools. The area of green color above visible is known as the Super Trend, while the red color band visible in the middle of the market is called the Jorgen Super Indicator. These are the two primary trading tools, which we will use to create our trading setup.
Trading Setup:
Now, let us see how to use these trading tools to set up our trades. Our first condition is when the Super Trend changes into a downtrend, and the Jorgen Superband is red. When these conditions are met in the market, we will place an order to sell, with our stop loss set at the Jorgen Super line higher, and a risk-reward ratio of 1:1.5. Never trade against the trend.
Long Position:
When the Super Trend changes into an uptrend, and the Jorgen Superband is green, we will place an order to buy. We shall set our stop loss at the Jorgen Super line lower, with a risk-reward ratio of 1:1.5. Once the market has completely hit the target, our trade shall close.
Examples of Trades:
Let us now view some examples of trades to better understand this trading strategy. We will start by opening the 15-minute chart of AUD/USD, where the Super Trend changes into a downtrend, and the Jorgen Superband is red. All our conditions are now fulfilled, so we place a sell order, with our stop-loss at the Jorgen Super line of higher and a risk-reward ratio of 1:1.5. We see that our trade is running in profit; hence we have won the trade.
In another example, the Super Trend changes into an uptrend, and the Jorgen Superband is green. We shall put a buy order, with our stop loss at the Jorgen Super line of lower and a risk-reward ratio of 1:1.5. Upon hitting the target, we shall close the trade as it runs in profit.
Conclusion:
To conclude, we hope that this article has shed light on the Jorgen Super Indicator and how to use it with the Super Trend. Remember to never trade against the trend. Our setup consists of the Super Trend and the Jorgen Super Indicator. By following the strategy outlined above, one can achieve favourable trades with a risk-reward ratio of 1:1.5. No strategy works 100% of the time, hence always exercise caution and be up-to-date with the changing market trends. If you liked this article and want to learn more, subscribe to our Youtube channel.
