Williams Percentage Range Strategy
The trading rules for the Williams Percent Range strategy will be outlined in this section.
When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal...
Shooting Star Candle Strategy
The shooting star candle strategy is a very simple but very effective methodology to trade the financial markets. You can trade stocks, Forex, currencies, commodities, futures and even cryptocurrencies across various time frames.
The kinds of trade setup we’re going to propose through this reversal trading strategy have an astonishing...
Step #1 Divide your 5-Minute Chart by Trading Sessions
Since we’re using a strategy only for day trading Ripple we need to make use of intraday charts. The ideal time frame to implement our Ripple strategy is the 5-minute chart. Also read the simple way of trading multiple time frames in forex.
The 15-minute chart will give us a better view of the overall price...
Pair is in an up-trending pattern
Strong Macd divergence
After a bearish pullback, price should return to the high of the trend
If not - then price will return back to the ma's center range
Fibs may show points of sup/res for direction
Watch Macd for direction
Currently Pair has been in a small range
Long Breakout Trade
Entry on 15m Bullish Break-Hook-Go pattern @ .3128
1st Buy Take Profit @ .31725
2nd Buy Take profit @ .32025
Short Breakout Trade
Entry on 15m Bearish Break-Hook-Go pattern @ .3050
1st Sell Take Profit @ .29815
2nd Sell Take Profit @ .2930
Find appropriate SL
USDCHF mirros USD Dollar Index
Chart shows weak dollar
Bearish engulfing candle pattern
Forex power indicator shows
Strong GBP Weak USD
NY session starts in 15 min
Possible bullish continuation move for GBPUSD
Today's news events are NFP & Fed Powell speaking
Fractal Highs and Lows have been created by price
Price above 50 sma so Bullish bias trades
Macd above Zero line so Bullish bias trades
Breakout of fractal highs will be trade bias
1st and 2nd fractal high breakout trades have been entered
Take Profit will be 800 sma line
Adjusted SL at previous low point
Price bottomed out and is creating higher highs and lows
1st Trade setup long
Previous fractal low
Let price break above high of that candle
1st Buy Stop @ .7029
2nd Trade setup long
Big 3 Green columns will paint when price breaks above top ma
Enter trade after bullish breakout and 1st green column candle closes
Find appropriate SL
We are looking at the EURUSD pair on a 15m chart.
Price currently is in an ascending channel pattern
Several failed attempts have been made to breakout of the channel pattern
While preparing this post we had a bullish breakout of the channel top that failed.
If price attempts a second retest of the bullish channel top breakout watch for a completed bullish...
Price in ascending channel and has failed to make a new high
Price may bounce bullish at any of these levels shown
If price continues to fail through the ma levels then
1st Short trade
1st Sell Stop @ 1.1415
If price breaks below both ma levels then
2nd Short trade
2nd Sell Stop @ 1.1390
Sell TP is @ 1.1363
SL as shown
Watch for Mace to confirm direction by...
Colored columns signal trade direction
Entered trade at close of breakout candle
Closed trade at close of yellow column candle
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