Hello there,
I am taking the time to record my new approach to the market, to come up with a clear conclusion whether this method works or not.
I’ll be using smartphone to execute my strategy and technique to the market.
I welcome all thoughts and suggestions about my trading style.
To execute this method I’ll use T.interceptor app for charting and mt4 app for trade execution.
here are my entry rules: manual only
Buy:
1- Major Daily (demand) area.
2- Second leg of double bottom formation of 8hr chart.
3- Green crosses red TDI (up) of 8hr chart
SELL:
1- Major Daily (Supply) area
2- Second leg of double top formation of 8hr chart
3- Green crosses red TDI (down) of 8hr chart
* All three rules met = A trade
Exits: manual only
Profit:
To exit one trade. A counter trade must be made (counter trade rules).
Exceptions: emergency exit due to risky high volatile news
Loss: price close/open in SL reference area.
Decisions will be made at the close/open of 8hr candle
- Note I use heikin ashi candles
I am taking the time to record my new approach to the market, to come up with a clear conclusion whether this method works or not.
I’ll be using smartphone to execute my strategy and technique to the market.
I welcome all thoughts and suggestions about my trading style.
To execute this method I’ll use T.interceptor app for charting and mt4 app for trade execution.
here are my entry rules: manual only
Buy:
1- Major Daily (demand) area.
2- Second leg of double bottom formation of 8hr chart.
3- Green crosses red TDI (up) of 8hr chart
SELL:
1- Major Daily (Supply) area
2- Second leg of double top formation of 8hr chart
3- Green crosses red TDI (down) of 8hr chart
* All three rules met = A trade
Exits: manual only
Profit:
To exit one trade. A counter trade must be made (counter trade rules).
Exceptions: emergency exit due to risky high volatile news
Loss: price close/open in SL reference area.
Decisions will be made at the close/open of 8hr candle
- Note I use heikin ashi candles