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Aroon Indicator Forex Strategy, Part 2

You are here: Home / Technical Analysis / Aroon Indicator Forex Strategy, Part 2

July 23, 2020 by Barry Burns

This Aroon indicator trading strategy for Forex, Stocks and e-minis contradicts traditional teachings, and can get you better results.

Was this video/post on the Aroon Indicator helpful to you? Leave a message in the COMMENTS section at the bottom of this page. 

PLEASE “PAY IT FORWARD” BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.

Welcome to this video on the Aroon Indicator Forex Strategy, Part Two.

Today, we’re gonna look at the Aroon indicator for trading Stocks, Futures, or Forex, and it really works for any market because it’s based on time and price. This is part two, but if you missed part one, you can find it here.

I’m going to show you a simple scan that you can do using the Aroon indicator. We’re looking for Aroon up, and down, to be below twenty.

I use the level 20, and you can go up to 30 if you want, but I like to be conservative. You would just create a criteria in whatever scanning software you’re going to use, and say Aroon up is below 20, and Aroon down is below 20. It’s not an and/or function, they both have to be under 20 concurrently.

The Aroon Indicator Forex Strategy

What we’re looking for is a consolidating market. As you can see In this video, we’ve had a consolidating market where the markets been going sideways. That’s what this will identify for us, and then we’re looking for a breakout. A nice impulse move, to the upside, or downside.

The nice thing about the Aroon Indicator Forex Strategy is that it’ll also indicate direction. That’s one of the big questions that comes up in consolidation patterns, and breakout patterns is, which way is it going to break? The Aroon indicator actually gives you that heads up. It’s a trend indicator, a directional indicator, so remember it’s lagging. We talked about that in the first video.

My green line Aroon up is here, but I’m really looking for it to hit 100. That’s the bounded range of the indicator zero to 100, so once it hits 100, that’s not enough. We also want Aroon down, to come down here, and hit zero. What I say in the previous video is, we want the green Aroon up to be above 70, and Aroon down to be below 30.  We want both, so that’s what we’re looking for in our signal to trade this.

Aroon Indicator is a Lagging Indicator

If you’ve got something that is real-time, or fast, or leading, by the time the indication pops up, it’s too late to trade it. It’s already happened so, this is one area where lagging indicators can be helpful, because you look for it. You find the scan here, and it still gives you time to look for an entry. You’re kind of getting an early signal before the breakout, so you can put this on a watch list, or put all of them on your watch list.

To actually take the trade, we want to have Aroon up hit 100, but we’ve also got to have Aroon down get below 30. Aroon up to hit 100, angle back down, and then angle back up. That is a nice signal, as long as at the same time we get Aroon down going below 30. That all happens concurrently right in there, and that’s our signal. If we take that all the way up to the price bars, that’s pretty amazing timing.

The markets can break above, and below these channels all the time. The challenge is, is it going to continue, or is it going to be a false breakout? Having the Aroon up, being up to 100, and the Aroon down, being down below 30, gives us a higher probability that it’s not going to be a false breakout. That’s another huge benefit.

If you want something to give even more precise timing, you can get my cycle indicator absolutely free! A tutorial comes with that as well, so just send me an email at Barry@topdogtrading.com. I’ll be happy to get you all the info about that.

Wrapping Up!

Now this is your typical breakout trade, and this is what the Aroon Indicator Forex Strategy will do. I actually prefer to get in early, and I like to get in before the breakout. That’s one of the keys to professional trading. This technique works nicely, but you will be trading with the rest of the breakout crowd. That’s not necessarily a bad thing, as long as it follows through, and then you still have some good money going on.

If you liked the video, please give a nice thumbs up and leave comments in the comment section below. In fact, I really cherish your comments. If you have any suggestions for future videos, I’d be very happy to take those into account. I actually make a list of all the suggestions that come in, and that helps me help you. One of the best things you can do is to pay it forward.

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It’s good to share good things with good people. I have a very specific trade strategy that I want to share with you all the details of my Rubberband Trade Strategy. It’s one of my favorite trade setups that I take all the time to this day. It still works, been working for decades. And I’m happy to share with you all the rules, the entries, the exits, all the details of it.

It’s about a 26 minute video that I will give you absolutely free. Just go ahead and click on the link in the top right-hand corner of this video or the link in the description below. As soon as you do that, I will email to you the Rubberband Trade Strategy.

What did you think of this tutorial on the Aroon Indicator? Enter your answer in the COMMENTS section at the bottom of this page.

PLEASE PAY IT FORWARD BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.

FREE GIFT!

Also, I’m giving away one of my favorite Best Moving Average strategies that work in trading the markets. Just fill out the yellow form at the top of the sidebar on the right. Once you do that, I’ll personally send you an email with the first video.

Those interested in Best Moving Average video that works in today’s markets also showed an interest in this video:
https://www.topdogtrading.com/best-trading-indicators-day-swing-trading/

Subscribe to my YouTube Channel for notifications when my newest free videos are released by clicking here:
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Technical Analysis,  Video Aroon Indicator,  Aroon indicator software,  Aroon Indicator stock charts,  Barry Burns,  day trader,  Free Video,  lagging indicator examples,  stock market,  Technical Analysis,  top dog trading,  trading indicator

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