Hello fellas, this set-up is for “color options” traders, please check it out and tell me what you think. Nice ascending triangle is forming after a significant price move to the upside in BTC 15min chart. I will enter either long or short trade, depending on whether the price penetrates support or resistance first. So, as soon as red candle closes bellow support line I will start buying “red options” on every consecutive candle(max 10 trades), and if green candle closes above resistance line first, I will start buying “green options” on every consecutive candle (max 10 trades). My rules are the same as before:
If you have questions about candle color options or wish to discuss trading strategies in real time, join - candle color options - chat, right here on tradingview.
Rules:
7.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up.
8.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity.
9.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades.
For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins)
Please follow, like and comment !
If you have questions about candle color options or wish to discuss trading strategies in real time, join - candle color options - chat, right here on tradingview.
Rules:
7.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up.
8.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity.
9.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades.
For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins)
Please follow, like and comment !
Trade active:
SUpport line was broken and red candle closed bellow it. I will now place trades on every candle that it will be red (up to 10 candles).
SUpport line was broken and red candle closed bellow it. I will now place trades on every candle that it will be red (up to 10 candles).
Trade closed manually:
It doesn't look like the trade will go my way, so I will abandon it according to my rules.
It doesn't look like the trade will go my way, so I will abandon it according to my rules.