DazSmith

Martin Momentum Strategy Short set up

Short
DazSmith Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
MARTIN MOMENTUM STRATEGY

Short Trade Rules

- Red Stochastic background
- Green stochastic line below red above 50%
- At least two red bars on Trend Meter
- Price close below blue Momentum line
- Minor support is away from the entry*
- Place stop loss at highest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade

ONCE IN A TRADE - MANAGE SL

- Enter trade
- Move stop loss to 12.5% of TP once at 25% of TP
- Move stop loss to 25% of TP once at 50% of TP
- Move stop loss to 50% of TP once at 75% of TP
- Move stop loss to 75% of TP once at 100% TP
- Trade closes if 100% TP is hit




Get these 6 indicators for the Martin Momentum/Trendline Strategy
Auto Trendline
Support Resistance Zones
Momentum Lines
Trend Meter
Stochastic Trend
Drops Coming
Addon
Rise Coming

View the Full Martin Momentum and Trendline Strategy Tutorial:


Trade active:
Your SL should be at 25% now unless you took profit at 50%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.