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killer strategy
Started Aug 27, 2017|Trading Systems|338 repliesHey Gang, Here is another strategy, very profitable and easy to follow. LONG TRADE: * 1HR ...
Price may go down and enter the triangle, but the candle should not close inside the triangle, if it does get out of the trade. See below for example, I am still in trade unless the candle closes inside the triangle.
Long order taken on NZDUSD, will remain long as long the 1HR candle doesn't close below the line.
If the order triggered and candle closes above the line, the order will be closed and will wait for next candles to touch the line from above for long order.
This is GBPUSD trade on daily chart, taken on 30 Aug 2017.
looks like there is more to add here. I will post more charts with example in short while.
This is beauty of this technique, of course needs a little patience. Once you draw the line as described in first post. 2 things can happen. Either the candle will break and close above/below the line OR will reverse. So I shorted again on AU the ...
Let me make the TP more clear, I use ABCD pattern to see where the price could possibly go depending upon how much it has retraced and I adjust my TP. see below for ex. Once the price hit D, I close half position and rest wait for 2 times of risk.
Hey Gang, Here is another strategy, very profitable and easy to follow. LONG TRADE: * 1HR ...
I observed it fails most of the time in volatile pairs, specially GBP pairs. I prefer to use it on EU/AU/NZ/UJ.
Yes, I agree, I just observed this and posted here for everyone, Its open for everyone to add more rules/indicators as per their observations and help the community.
The candles needs to close below the low of setup candle and also 6EMA.
I have used it only on major pairs, also, when i loose i double the investment in next trade.
Amazing, thanks for coding it....