My current hourly strategy.
This is the strategy I've been using lately to trade FTM and ONE on the hourly chart.
1. Price is below 200 EMA.
2. ATR down trend.
3. Bollinger Band squeezed.
4. Price crossed below EMA ribbon.
5. WaveTrend Reversed down.
Over the past 50 trades, this strategy has won 33 times and lost 17 times.
I usually use 1:1.5 RRR but for this particular trade and others with the same congruence and strength I would go up to 1:2.
You may even consider taking 50% at 1:1.5 and 50% at 1:2.
1. Price is below 200 EMA.
2. ATR down trend.
3. Bollinger Band squeezed.
4. Price crossed below EMA ribbon.
5. WaveTrend Reversed down.
Over the past 50 trades, this strategy has won 33 times and lost 17 times.
I usually use 1:1.5 RRR but for this particular trade and others with the same congruence and strength I would go up to 1:2.
You may even consider taking 50% at 1:1.5 and 50% at 1:2.