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Hello everyone,
I started this post because I wanted to share some strategic signals/opportunities. Maybe it won't be a quick thread, but if I find something interesting I'll post it with an entry level and sometimes stop to bring more transparency. I just want to show the techniques and then introduce some opportunities regarding stock and forex entry.
This strategy is fully optimized for trend trading and focuses solely on price movements. I only believe in prices, not indicators. So let’s get started:
- Experience points. Moving average (used to determine the strength of a trend)
If there is no trend, it's very simple and important: no trade!
Scope = No Transaction. Trend = Trade.
- 2 .: We are following the trend. We only look for longs if the trend is up and vice versa.
- 3 .: A trend gets by the fact that when it is active, it forms swing highs and swing lows. For example, when a trend is up, at least once it stops for a while and then begins range-bound, making lows. We are using this to our advantage. When we break out of this range, we buy. If we continue the uptrend (and we will, since the trend is up) and we break above the previous high, we buy again. etc. That's it. You'll understand when you look at the pictures.
- We're averaging. But only for bonuses!
- We do not use indicators, we only focus on price movements.
-Read charts. Don't look at floating profit and loss, just look at the chart. 0% psychology, 100% objective from our side)
- Wait for trigger. We must close below this level with a healthy bar.
- Fibonacci numbers can also be used when typing. It's just an option available to you.
- There are 3 types of trends: primary, secondary, secondary. The best case scenario is for all types to be in one direction. When the primary trend is up and the secondary trend is down, the price forms a CT (Counter Trend).
- We do not set a take profit. We only move SL to ensure more and more profits. We can never know how long this trend will last.
(Many thanks to everyone at Tőzsde Forum, basically this strategy was invented by the ForexEgyetem Forex Education team from Hungary, so all the credit goes to them!)
I started this post because I wanted to share some strategic signals/opportunities. Maybe it won't be a quick thread, but if I find something interesting I'll post it with an entry level and sometimes stop to bring more transparency. I just want to show the techniques and then introduce some opportunities regarding stock and forex entry.
This strategy is fully optimized for trend trading and focuses solely on price movements. I only believe in prices, not indicators. So let’s get started:
You will need:
- Lines (trend lines, channels and support/resistance)- Experience points. Moving average (used to determine the strength of a trend)
schedule:
- Any time frame will do, the only thing is to see where the market stands no matter what the time frame is. But for opening and managing positions, it is recommended that the best time range is M5|M15|M30|H1|H4.trade:
- 1 .: First you have to check the trend of the larger TF (H4-D1-W1-MN) and identify the trend. EMA and higher highs/lower lows will help you identify trends.If there is no trend, it's very simple and important: no trade!
Scope = No Transaction. Trend = Trade.
- 2 .: We are following the trend. We only look for longs if the trend is up and vice versa.
- 3 .: A trend gets by the fact that when it is active, it forms swing highs and swing lows. For example, when a trend is up, at least once it stops for a while and then begins range-bound, making lows. We are using this to our advantage. When we break out of this range, we buy. If we continue the uptrend (and we will, since the trend is up) and we break above the previous high, we buy again. etc. That's it. You'll understand when you look at the pictures.
Exponential Moving Average:
-I use 55-100-150 EMA. You can also use your own moving averages and no matter what the period, you will see the connection between the trend and the moving average.other:
- This strategy is basically a trend trading breakout system.- We're averaging. But only for bonuses!
- We do not use indicators, we only focus on price movements.
-Read charts. Don't look at floating profit and loss, just look at the chart. 0% psychology, 100% objective from our side)
- Wait for trigger. We must close below this level with a healthy bar.
- Fibonacci numbers can also be used when typing. It's just an option available to you.
- There are 3 types of trends: primary, secondary, secondary. The best case scenario is for all types to be in one direction. When the primary trend is up and the secondary trend is down, the price forms a CT (Counter Trend).
Stop loss and take profit:
- Setting a stop loss is easy. Stop loss is set halfway through the range area, or a few pips below/above the resistance/support. (around ten o'clock)- We do not set a take profit. We only move SL to ensure more and more profits. We can never know how long this trend will last.
(Many thanks to everyone at Tőzsde Forum, basically this strategy was invented by the ForexEgyetem Forex Education team from Hungary, so all the credit goes to them!)
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