5's envelopes - intraday strategy
Greetings traders
I would like to introduce you to my new baby for day viewing purposes
tool
pivot table.mq4
Standard Envelope Emmas 14/52/200
optionally
Momentum(44) + Stoch(65,20,3) - my setup or any other indicator you would like to use.
environment
M15 TF only
Works best for the GBP currency pair London time but this is not a strict rule.
rule
The red envelope indicates that the OB/OS market is highly active during the day, so the price is unlikely to rise faster in a day.
Red envelopes are mostly hit during news periods, etc = reversal areas for the next few days.
Blue envelopes are standard market conditions. = TP - Retrace start area
The combination of S/R level + one of the envelopes is a great inversion point.
This is how everyone has fun
I'll tell you more if I see any feedback, but for now try to observe for yourself.
I would like to introduce you to my new baby for day viewing purposes
tool
pivot table.mq4
Standard Envelope Emmas 14/52/200
optionally
Momentum(44) + Stoch(65,20,3) - my setup or any other indicator you would like to use.
environment
M15 TF only
Works best for the GBP currency pair London time but this is not a strict rule.
rule
The red envelope indicates that the OB/OS market is highly active during the day, so the price is unlikely to rise faster in a day.
Red envelopes are mostly hit during news periods, etc = reversal areas for the next few days.
Blue envelopes are standard market conditions. = TP - Retrace start area
The combination of S/R level + one of the envelopes is a great inversion point.
This is how everyone has fun
I'll tell you more if I see any feedback, but for now try to observe for yourself.
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