Gig-B
Sharing my profitable and simple strategy
hi all traders i decided to share my trading strategy i really hope you'll like and enjoy using it. Firstly sorry for my bad english , but maybe writing i can improve it...hehehThis system is till now completely manual, but if somebody want to create some ea we can talk about it and create it, it will be amazing!
After a market trend, prices typically consolidate within a range. During this consolidation, it's common for prices to test key support or resistance levels and potentially reverse direction. In this trading strategy, we aim to capitalize on these price movements when they "hunt" for these turning points. Here's a breakdown of how to execute this strategy:
1. Timeframe and Setup: Start by using a 4-hour (4h) chart. Look for a candlestick that establishes a strong minimum (support) or maximum (resistance) level. Bollinger Bands can be helpful in identifying these key levels.
2. Entry Criteria:
· Wait for the price to break through the established minimum or maximum by a few pips.
· When the price retraces and re-enters the range set by the previous candle, it's your entry signal.
· Depending on the direction, you will either buy or sell.
