I am trading for the last 2 yrs .
I use 1 hrs chart for trend detection and 15 min chart for entry.
Indicators I use:
MA 200(EMA)
Trend line, trend channel
Strategy I use:
Trend line, and trend channel break strategy.
I draw trend line on 1 hrs chart, It is the major trend of the day, then I draw 15 min chart
It is the minor trend of the day.
Always remember, Minor trend retreacs on major trend.It retreaches up to 61.8%
I use stochastic to see retracement , and candlestics for retracement
Trend line : Draw trend line
1 hr chart
price above 200 EMA, trend Up
15 min chart ,price below 200 EMA, trend down, it will retrace upto 61.8% of major trend.
So enter buy entry with stop loss
If 15 min chart trend is also up, enter buy.
And vice versa
See trend line break, it indicates the trend is changing.
with thanks
I use 1 hrs chart for trend detection and 15 min chart for entry.
Indicators I use:
MA 200(EMA)
Trend line, trend channel
Strategy I use:
Trend line, and trend channel break strategy.
I draw trend line on 1 hrs chart, It is the major trend of the day, then I draw 15 min chart
It is the minor trend of the day.
Always remember, Minor trend retreacs on major trend.It retreaches up to 61.8%
I use stochastic to see retracement , and candlestics for retracement
Trend line : Draw trend line
1 hr chart
price above 200 EMA, trend Up
15 min chart ,price below 200 EMA, trend down, it will retrace upto 61.8% of major trend.
So enter buy entry with stop loss
If 15 min chart trend is also up, enter buy.
And vice versa
See trend line break, it indicates the trend is changing.
with thanks
No comments:
Post a Comment