Center of Gravity Daily Trend Trade
I posted and followed C4 scalping trades, but since I'm a researcher at another job and don't have time to scalp, I came up with this trade. Please don't make negative posts and worsen this post.
I only use four indicators and check the charts only once a day for about 10 minutes. This works for any currency pair, the more volatile the currency pair the better it works, so I use it on EU, GJ, AJ, CJ.
Great daily chart for trading. All we need to do is check at the beginning of each day if the color has changed - this is a 30 second task. A neat trick is to only open a position when the 4 hour and 1 hour charts appear. Both show the same trend as the daily chart . You can even wait for the 30-minute and 15-minute charts to align so that our trade immediately enters the positive zone .
Buy when price breaks above the lower COG green line and blue appears
The next candle on the LWMA is open. SL is at the bottom of the LWMA curve. Exit when approaching the upper COG green line.
Sell when price breaks above the COG green line and appears red
The next candle on the LWMA is open. SL is at the bottom of the LWMA curve. Exit when approaching the lower COG green line.
Protect half of the position when price crosses the COG blue center line.
For impatient traders, an early exit is a 100 pip take profit. Happy trading.
mike
I only use four indicators and check the charts only once a day for about 10 minutes. This works for any currency pair, the more volatile the currency pair the better it works, so I use it on EU, GJ, AJ, CJ.
Great daily chart for trading. All we need to do is check at the beginning of each day if the color has changed - this is a 30 second task. A neat trick is to only open a position when the 4 hour and 1 hour charts appear. Both show the same trend as the daily chart . You can even wait for the 30-minute and 15-minute charts to align so that our trade immediately enters the positive zone .
Buy when price breaks above the lower COG green line and blue appears
The next candle on the LWMA is open. SL is at the bottom of the LWMA curve. Exit when approaching the upper COG green line.
Sell when price breaks above the COG green line and appears red
The next candle on the LWMA is open. SL is at the bottom of the LWMA curve. Exit when approaching the lower COG green line.
Protect half of the position when price crosses the COG blue center line.
For impatient traders, an early exit is a 100 pip take profit. Happy trading.
mike
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