Hi all, I wanted to share a simple method that I like to use.
I like to open 8 charts on one Monitor, GJ,EJ,EU,GU,AU,UJ,UChf,UC, but you can do whatever you like with your charts.
TF is 1hr,4hr,and Daily.
How to Determine the Trend: 21 SMA to the close.
Another part of this method is Trendlines. Draw trendlines on every chart.
Now when price crosses 21 MA, on 1 hr, and the trend is in direction of trend, enter.
SL and TF is manual, use SR, Fibs, trendlines.
This method isn't about just the cross of 21. It is all about the trend, and, SR lines, pivots,ect.
What this system WILL NOT do.
It will not make you rich quick.
What this system WILL DO
Help you determine the trend, and, if you follow it right, make nice, consistent, trades.
Advice
Some say that Demo trading is a waste of time. I, myself, can say that it is not.
Before trading live, I suggest to Demo trade ove 70-80 trades, to help you conquer your emotions.
Thread Rules
No bashing, rude, comments.
No curse words
Feel free to flood this thread with questions, or comments.
Risk
Trade this method at your own risk, hope someone will benefit from it.
I like to open 8 charts on one Monitor, GJ,EJ,EU,GU,AU,UJ,UChf,UC, but you can do whatever you like with your charts.
TF is 1hr,4hr,and Daily.
How to Determine the Trend: 21 SMA to the close.
Another part of this method is Trendlines. Draw trendlines on every chart.
Now when price crosses 21 MA, on 1 hr, and the trend is in direction of trend, enter.
SL and TF is manual, use SR, Fibs, trendlines.
This method isn't about just the cross of 21. It is all about the trend, and, SR lines, pivots,ect.
What this system WILL NOT do.
It will not make you rich quick.
What this system WILL DO
Help you determine the trend, and, if you follow it right, make nice, consistent, trades.
Advice
Some say that Demo trading is a waste of time. I, myself, can say that it is not.
Before trading live, I suggest to Demo trade ove 70-80 trades, to help you conquer your emotions.
Thread Rules
No bashing, rude, comments.
No curse words
Feel free to flood this thread with questions, or comments.
Risk
Trade this method at your own risk, hope someone will benefit from it.
Attached Image
"speak softly, and carry a big stick" Teddy Roosevelt