This system is not new. I'm just surprised the setup has not been shared here before, or maybe i just din search hard enough. Anyway this will be the last method i'm sharing.
The method is a simple breakout method. All you really need is:
- Daily chart (line chart)
simply note in your mind that
- if price swing high keeps getting higher...uptrend
- if price swing high keeps getting lower...downtrend
Use your choice of MA as a trendsetter i.e. filter
The setup...
The method is a simple breakout method. All you really need is:
- Daily chart (line chart)
simply note in your mind that
- if price swing high keeps getting higher...uptrend
- if price swing high keeps getting lower...downtrend
Use your choice of MA as a trendsetter i.e. filter
The setup...
Attached Image