thank you for sharing your view on markets, very simple and with good rules it is nice weapon . I got a lesson today how to better look on higher tf chart and choose to trade only best setups. looking forward for your next ideas.
The following user says Thank You to Robertczeko for this post:
The color gradient is actually functional. It is in-sync with the Color Coded Price line.
Trading is quite simple (like me... ) I trade with the trend and look for trend reversals and or price pullbacks. If I get all 3 lines green I want to go long. But I want to get in as soon after the price pivots/reverses as possible. If it was been several bars since the pivot/reversal before I get 3 green lines, I wait until; price pulls back close to the fast EMA , reverses and heads back in the direction of the trend.
Today was a slow day my tick charts were not moving that much so i decided to trade off the min chart's . Got a trend change and A nice pullback for an a setup .. stops were nice and small and price was well moving to slow took me and hour + to hit my daily target but hey it did reach ... so done for the day and m happy have a look and have a nice trading session...
The following 3 users say Thank You to jinhar for this post:
Here are the setups from the crude i am not gonna cover each setup for 2 hrs because today was a strong trend day and setup's were clear... again i can't stress importance of higher time frame and trend trading Set a goal 10,20,30 ticks look for your setup and get done scalping and day trading is not about playing each trade but waiting for the best trade per your method and then risk .. remember the best card counter's in blackjack also wait for table to setup before starting to trade they don't play each and every hand they only do on thing's with high stats same with trading there are 4 setup's which i can see may be you can do more or less does not matter .. pick 1-2 setups and wait for them and get done there is no need to give your money away, if you keep trading simple your life will take a turn and become much more pleasant and beautiful .. again happy trading and best of luck.. if you need any instruments to review or help with setups please ask or share .. Thnks
The following 12 users say Thank You to jinhar for this post: