trend: crossing 2 times upper 2/lower 2 - stop/profit: 1/1 - Entry: Upper/lower 1, Entry 2: 0.66 (66%) - rsi: 21/70/30 - sto: K:21, d=3, smooth:3, Up: 80, Down: 20, D at Up: 80, D at Down: 20 - HH-Hl/LL-LH: 20:20; ADX: 34, smooth: 9, DI: 9. Order 1: 61.38% R/R: 1/1 Order 2: 51.24% R/R 1/1.94 (66%)
1. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one . - HL / Higher Low: The back bottom is higher than the previous one . Downtrend: - LL / Lower Low: The back bottom is lower than the previous one . - LH / Lower High: The posterior peak is lower than the previous one b. Keltner price channel: - Uptrend: Go above Upper 2 - Downtrend: Down to Lower 2 * Under Chart: Stochastic indicator: 21 past candles - Uptrend: Index K and D surpass 80 - Buy zone: Index D is large 80. ---------------------------- - Downward trend: K and D indexes go down to 20. - Sell zone: Index D is less than 20.
RSI indicator: 21 past candles - Uptrend: value exceeds 80. - Downward trend: value exceeds 20.
ADX indicator: Used to identify a strong trend - ADX smooth: 9 - DI: 9
2. Entry point: - Buy: wait to buy on the Upper Keltner channel. - Sell (sell): wait for sell at the Lower Keltner channel.
3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2