Hi! For my first post here on TV, I will show my way of trading the trends on EURUSD on the 1H time frame.
For that I use my own SMA-96 indicator which does 80% of the job and other private techniques to close the trade.
From the chart, you can see my last 4 trades, 23, 24, 25 and 26 still open, taken in the last 30 days, I think that they are easy to understand.
My expectation for my current open trade is that either the down trend will resume allowing me to keep trade 26 open or some recent high will be violated with the price going to the other side of the SMA which will force me to close trade 26 and open a long position 27.
For that I use my own SMA-96 indicator which does 80% of the job and other private techniques to close the trade.
From the chart, you can see my last 4 trades, 23, 24, 25 and 26 still open, taken in the last 30 days, I think that they are easy to understand.
My expectation for my current open trade is that either the down trend will resume allowing me to keep trade 26 open or some recent high will be violated with the price going to the other side of the SMA which will force me to close trade 26 and open a long position 27.
Comment:
SMA-96 Script is here:
