If current candle closed higher than “previous candle” high,do buy trade,close trade when new candle close no matter win or lose,and this candle becomes”previous candle” then back to first. Else If current candle closed lower than “previous candle” low,do sell trade,close trade when new candle close no matter win or lose,and this candle becomes”previous candle” then back to first. Do x3 lot martingale when stoploss. Renko Chart
When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Naturally, most traders look for reversals but are impatient and trigger happy thus buying when they should be selling and vice-versa. A sell below the H1 open of the bar…
4HOUR CHART OF ANY TIMEFRAMEWorks better using weekly charts8 EMA CLOSE8 EMA OPEN34 EMA CLOSE For long trades:8 EMA close closes above 8 ema open and 34 ema close.stoploss any close below 8 ema close and open. Add any filter OK to change or update the trading idea.
Hello Folks, let me introduce very quick my trading system…easy and profitable ….and yes, there is nothing magical about this one Time Frame H1 , but it works also in the higher timeframes as well! All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle….
Hey FF! So like myself, many traders are reversal traders, always looking for tops and bottoms trying get in as early as possible, but we know that is not as easy as it seems and many times we land up with fake reversals or temporary pullbacks, chasing and adding to losing positions etc etc.. Now I’m sure most of us have heard the sayings that the “trend is your…
A word on Geometric Trading: W.D. Gann and H. M. Gartley were two of the most successful traders of our time. Their discovery in the science of geometry in the markets is uncanny upon the forecasting of Time and Price reversals. General Guidelines: Those who care to join us & contribute you are welcome here. However, if you are going to post any charts on this thread, please briefly explain how you…
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required – Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. Risk – Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct Sideways pattern, see below (Updated on…
