Hey guys
I want to show you a good mecanical system.Now keep an open mind don't look at the charts and say it paints your bars so does heiken ashi.It's about the signals you get.
Lets get right to it then this is how the system works.If you get a light green candle after a downtrend you buy and exit the trade when you get a red candle.The reverse is true for sell trades light red candle you sell and exit the trade when you get a green candle.
Now the charts i have a 1 hour and 4 hour chart.If you look at the 1 hour chart i have marked the sell trades with an arrow because on the 4 hour chart you had an uptrend since the 13th september.Now trading this system on the 1 hour frame i prefer to trade only in the direction of the 4 hour frame.The 4 hour frame has a mighty big trade that is still going from the 13th september ofcourse you have to utilize some trailling stop because you can't be in front of the screen 24 hours.I have a dailly chart and then a 5m chart showing potentail trades with arrows.
I welcome any critique or comments.
thanks
I want to show you a good mecanical system.Now keep an open mind don't look at the charts and say it paints your bars so does heiken ashi.It's about the signals you get.
Lets get right to it then this is how the system works.If you get a light green candle after a downtrend you buy and exit the trade when you get a red candle.The reverse is true for sell trades light red candle you sell and exit the trade when you get a green candle.
Now the charts i have a 1 hour and 4 hour chart.If you look at the 1 hour chart i have marked the sell trades with an arrow because on the 4 hour chart you had an uptrend since the 13th september.Now trading this system on the 1 hour frame i prefer to trade only in the direction of the 4 hour frame.The 4 hour frame has a mighty big trade that is still going from the 13th september ofcourse you have to utilize some trailling stop because you can't be in front of the screen 24 hours.I have a dailly chart and then a 5m chart showing potentail trades with arrows.
I welcome any critique or comments.
thanks