|MichaelSch ||Mar 14, 2019 2:49pm | Post# 1 |
Long sailing - System to trade only the long side
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... some words before ...
I do not know if this is present or something in past was post. My english is not good and i know about it.
... System ...
We want with this system trade only LONG
. Why we do this? It is because down moves are panic!
The moves down are fast and not so calm, as the LONG moves behave.
I do not know why this is so, but this is something i have notice now for long time.
In this system i trade more intraday and i have no clue if this will be work in larger timeframes.
I look for a calm moving up in M5. I use the EMA 20 to have a visible easy way to spot a good move.
After that i look what is price making in M1. Now i wait for a "Panic" move
and the reaction in form as the "Recovery" move
. Also we can see a "Rest" zone
, but this is not every time. Sometimes price can fast tune in the up move again.
I enter if price is going above the high of the "Recovery" move
. Why i name this so? It is because you will see some candles moving down, sometimes visible fast and after this came the sharp reaction price moving up within one candle. Also you can see this in the "Rest" zone
, price is nearly staying at one level, price is pushing down, but can not manage to go under the zone and we see the "Recovery" move
I note that this is more clear and calm if we going long. Price is not so hectic as in down moves.
The EMA 20 is ONLY to got a visisble overview and is no entry desicion.
Have a look ...