Indicators:
- Heiken Ashi Moving Average (HAMA)
- T3 Moving Average with T3 period 14 to filter whipsaw
- Round numbers as they form support and resistance levels, also help filtering (you don't enter right below them for a long trade or above for short, you wait them break first).
- Market info (daily high/low, range, candle clock, spread)
Timeframe:
Probably can use any, I personally use H4, H1 and M15, depens on if I like to sit in front of charts all day or I have something else do to. Mostly I babysit my trades, so M15 keeps me entertained enough and I even don't look H1 or H4 for direction, because if intraday trend changes direction, it first appears in smaller timeframes, not larger ones.
Entry and exit:
Probably charts explain best, but 1 thing - don't doubt using BE+1 around 25 pips, it might hit SL (yes, annoying), but you can enter again if charts say it's still going where we thaught it would:
- Heiken Ashi Moving Average (HAMA)
- T3 Moving Average with T3 period 14 to filter whipsaw
- Round numbers as they form support and resistance levels, also help filtering (you don't enter right below them for a long trade or above for short, you wait them break first).
- Market info (daily high/low, range, candle clock, spread)
Timeframe:
Probably can use any, I personally use H4, H1 and M15, depens on if I like to sit in front of charts all day or I have something else do to. Mostly I babysit my trades, so M15 keeps me entertained enough and I even don't look H1 or H4 for direction, because if intraday trend changes direction, it first appears in smaller timeframes, not larger ones.
Entry and exit:
Probably charts explain best, but 1 thing - don't doubt using BE+1 around 25 pips, it might hit SL (yes, annoying), but you can enter again if charts say it's still going where we thaught it would: