I was posting in and following the C4 Scalping Trade but with Me being a Fellow with another Job and no time to scalp I came up with this trade. Please do not post negative posts and deteriorate this post.
I use only four indicators adn check my chart only once a day for about 10 Minutes. This will work on any pair and the more volatile the pair is the better it works so I use it on the EU, GJ, AJ, CJ.
Great trades on the daily charts. All we need to is to check at the start of each day to see whether we have a change of colour - a 30 second task. A neat trick is to only open the trade when the 4 hour and 1 hour charts are both showing a trend the same as the daily chart. You can even wait for the 30 minute and 15 minute charts to agree so that our trade goes into positive territory immediately.
Buy when price clears lower COG green line and there is Blue
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to upper COG Green line.
Sell when price clears upper COG green line and there is Red
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to lower COG Green line.
Protect Half the position when price crosses COG Blue center line.
Money managment is to be obeyed do not risk more than 2% on any one trade. Trades can last for Days and Weeks. You will profit if you follow all the rules and wait patiently for trades. DO NOT RUSH THE TRADES!!! Your account will grow over time. I trade only .02 lots with this trade!!
Early exits for impatient traders are 100 pip take profit. Happy Trading.
Mike
I use only four indicators adn check my chart only once a day for about 10 Minutes. This will work on any pair and the more volatile the pair is the better it works so I use it on the EU, GJ, AJ, CJ.
Great trades on the daily charts. All we need to is to check at the start of each day to see whether we have a change of colour - a 30 second task. A neat trick is to only open the trade when the 4 hour and 1 hour charts are both showing a trend the same as the daily chart. You can even wait for the 30 minute and 15 minute charts to agree so that our trade goes into positive territory immediately.
Buy when price clears lower COG green line and there is Blue
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to upper COG Green line.
Sell when price clears upper COG green line and there is Red
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to lower COG Green line.
Protect Half the position when price crosses COG Blue center line.
Money managment is to be obeyed do not risk more than 2% on any one trade. Trades can last for Days and Weeks. You will profit if you follow all the rules and wait patiently for trades. DO NOT RUSH THE TRADES!!! Your account will grow over time. I trade only .02 lots with this trade!!
Early exits for impatient traders are 100 pip take profit. Happy Trading.
Mike
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