A few suggestions.
1) keep a watch on daily candle ( it got deleted from my charts, but i have inserted it again). trade in the direction of daily candle.
2) introduction of rsi 50 helps a lot to identify change in trend much before the LT guppies are formed. if you can enter a trade early in the trend, profits are bigger.
3) introduction of D1 zigzag also helps.(magenta/lime circles are D1 zigzag. red/blue are H1). when D1 zigzag is printed on the chart and rsi 50 changes color, expect a reversal of trend.
in the chart above a sell stop order can be placed at the lower channel. second lot can be added if the candle closes below the channel and rest of our entry rules are met.... this can be a little risky,but will also give a early entry in the trend. T1 usually possible because of momentum.
1) keep a watch on daily candle ( it got deleted from my charts, but i have inserted it again). trade in the direction of daily candle.
2) introduction of rsi 50 helps a lot to identify change in trend much before the LT guppies are formed. if you can enter a trade early in the trend, profits are bigger.
3) introduction of D1 zigzag also helps.(magenta/lime circles are D1 zigzag. red/blue are H1). when D1 zigzag is printed on the chart and rsi 50 changes color, expect a reversal of trend.
in the chart above a sell stop order can be placed at the lower channel. second lot can be added if the candle closes below the channel and rest of our entry rules are met.... this can be a little risky,but will also give a early entry in the trend. T1 usually possible because of momentum.
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