Hi,
Since its the beginning of a new year. I wanted to start a new thread with a new idea for a system/strategy.
Its simple:
Buy: 1) Look for the weekly candle to be closed above the Laguerre envelopes(top line)
2) Look for the Daily candle to be closed above the Laguerre envelopes(top line)
3) Look for the 4 hr candle to be closed above the Laguerre envelopes (top line)
4) Look for the 1hr candle to be closed above the laguerre
5) Look for the 15 min candle to be closed above laguerre
6) Enter long(%risk is up to you)
7) SL --->below the latest low below laguerre on 15min.
6) TP---> when price reaches 1xSL bring to breakeven plus 5 pips. When price reaches 2xSL close trade.
7) Once you are out of the trade Look for weekly, daily, 4hr to be still above Laguerre. If they are all still above. Wait for 1hr to go below laguerre and than back up again(all week,daily,4hr should still be above at this point). Than look for 15 min to be above laguerre. Rinse and repeat above rules.
Note: I said in the 15 min chart below if 1hr goes below laguerre normally we would exit if we were not in profit. So if we do close trade when 1hr goes below laguerre we just look for the same conditions again from top down and reentter trade.
Since its the beginning of a new year. I wanted to start a new thread with a new idea for a system/strategy.
Its simple:
Buy: 1) Look for the weekly candle to be closed above the Laguerre envelopes(top line)
2) Look for the Daily candle to be closed above the Laguerre envelopes(top line)
3) Look for the 4 hr candle to be closed above the Laguerre envelopes (top line)
4) Look for the 1hr candle to be closed above the laguerre
5) Look for the 15 min candle to be closed above laguerre
6) Enter long(%risk is up to you)
7) SL --->below the latest low below laguerre on 15min.
6) TP---> when price reaches 1xSL bring to breakeven plus 5 pips. When price reaches 2xSL close trade.
7) Once you are out of the trade Look for weekly, daily, 4hr to be still above Laguerre. If they are all still above. Wait for 1hr to go below laguerre and than back up again(all week,daily,4hr should still be above at this point). Than look for 15 min to be above laguerre. Rinse and repeat above rules.
Note: I said in the 15 min chart below if 1hr goes below laguerre normally we would exit if we were not in profit. So if we do close trade when 1hr goes below laguerre we just look for the same conditions again from top down and reentter trade.