Typical Trading Triggers - [T3]

The Method

Time Frame: - 1Hr

Pairs:- E/U, A/U & G/U

Indicators Used

 

1. Round Number
2. 200 EMA – Is one of the best Auto-adjustable Support / Resistance in any time frame & the price respects it.
3. Support & resistance line / zone from the PPA patterns.
4. 5 SMA(Smoothed) High & Low for the PAC.
5. Candle Time

Entry Setup Long:-

Price should close above PAC with Pin Bar/ Morning Star / Engulfing / bullish Marubozu candle pattern & best if it is a bounce or the breakthrough of 200 EMA, Round Numbers, Supply & demand Line / Zone etc...

Entry Setup Short:-

Price should close below PAC with Evening Star / Hanging Man / Shooting Star/ Engulfing / bearish Marubozu candle pattern & best if it is a bounce or the breakthrough of 200 EMA, Round Numbers, Supply & demand Line / Zone etc...

Take Profit, Stop Loss, Risk Reward etc…

As a trader it’s up to you to decide all these, however I’ll tell you how I set personally.

Take Profit:-

Never set a TP unless I leave my computer. I wait for minimum of 15 to 25 pips to close the first half of the position depending on the trading session, ride the other half with BE to squeeze the complete trend.

Stop Loss:-

For most of my trades I personally keep SL below the PAC / Swing low for Long & above the PAC / Swing high for short & some time I wait for the candle to close on the opposite side without a SL.

Think twice before entering a trade with a SL of 25+ Pips.

We have an advanced entry & exit method, apart from the classic one… I will keep you guys posted on that soon.

News: -

I stay out at least 1 hr before the news release... some time even the entire day. Staying away is also a good trade…

Questions / Comments ?

Regards,
Te-Wies

Folks....

Attached a Template along with the indicators

Regards,
Te-Wies

whats the difference btw classic and advance they look the same
round number+close above channles +pattern etc etc

Its Too early to answer that question, any ways... for now i would give you a hint....

We will get down down to the lower time frame for the best entry & exits... after the confirmation from 1H.

so lets discuss this later....

Regards,
Te-Wies

Thanks for posting this information, it ties in with my own thoughts. I had started looking at using either 5 or maybe 8 hi/lo moving averages. It seems a logical way to see direction, strength and support

You can also use 8 EMA instead of 5 SMA (Smoothed), it would give you the same result...

Regards,
Te-Wies

ok awesome now lets trade and show some results , EU currently is out of channels can we go long on top of the bar closed @ 1.2315
and same for AU also
what do u say

Hey Bro...

Where are you referring from....

I Don't see it....

Here is the chart.....

More over its at a strong resistance....

Patience....

Te-Wies

is this right trade

No... you should have waited for the break through candle to close..... to know what the market says. You have entered exactly at the Resistance.....

I will PM You later some materials or Google how to trade support Resistance....

Hope that's a demo trade...

Regards,
Te-Wies

Guys Please practice on demo trade, before entering Live.... Any method needs some time to master it...

All the best
Te-Wies

your AU @ 1.0400 was also near the small resistance on left hand side u still went for the trade

Guys...

Something interesting....

Time to watch

Good Luck to All
Te-Wies

Would you be able to share the candle stick names indicator you have on your charts. I would really appreciate it if you could.

why not we are here to share and care

Thank you and yes we are here to help ,share and learn from each other. If the world was like this we wouldn't be having all these problems that we are seeing.