Pure technical analysis, intraday breakout trend following strategy, only use simple indicators as follows,
50SMA red line to determine the trend, 15EMA black line to use as support or resistance
Support and resistance level (horizontal and trendline)
Fibonacci retracement and extension
Candlestick pattern
ADR (20) to determine daily trading range
Determine the trend on high time frame (Day chart and H4 chart) and find entries on low time frame (H1 chart and M15 chart)
I'd like to share my minds while planning and managing a trade here.
Any questions about trading is welcomed.
50SMA red line to determine the trend, 15EMA black line to use as support or resistance
Support and resistance level (horizontal and trendline)
Fibonacci retracement and extension
Candlestick pattern
ADR (20) to determine daily trading range
Determine the trend on high time frame (Day chart and H4 chart) and find entries on low time frame (H1 chart and M15 chart)
I'd like to share my minds while planning and managing a trade here.
Any questions about trading is welcomed.