I'm searching for breakouts of the 4 TF and entering the trade on a 5min TF.
On the 4h TF price needs to be in the cloud first,than i would wait for DMI cross to happen.If DMI crossed up than i would set alarms on a 5min TF for longs setup,if DMI crossed down than i set it for shorts.
1.TP is on the 5min TF,so you measure from candle close to the superclouds trendline and that is the 1.TP where i partially sell.If breakout doesn't happen,sell the rest when price goes again in the cloud.
If breakout happens than 2.TP is on the 1h TF,same mesasure the same way and the 3.TP is when price goes in the cloud on 1h TF.
The RR is great with this strategy,you can lose little but if catching a breakout than win a lot more.
Take profit's on the way,don't be greedy and if SL is hit than sell the coin.
Have a good day!
On the 4h TF price needs to be in the cloud first,than i would wait for DMI cross to happen.If DMI crossed up than i would set alarms on a 5min TF for longs setup,if DMI crossed down than i set it for shorts.
1.TP is on the 5min TF,so you measure from candle close to the superclouds trendline and that is the 1.TP where i partially sell.If breakout doesn't happen,sell the rest when price goes again in the cloud.
If breakout happens than 2.TP is on the 1h TF,same mesasure the same way and the 3.TP is when price goes in the cloud on 1h TF.
The RR is great with this strategy,you can lose little but if catching a breakout than win a lot more.
Take profit's on the way,don't be greedy and if SL is hit than sell the coin.
Have a good day!
Comment:
In the meantime ADA moved up,as did my SL 1h TF,now it is 495.