ETHUSD 4H ASCENDING CHANNEL TRADES

Тема в разделе "English", создана пользователем Trading Ideas, 4 окт 2019.

  1. Trading Ideas

    Trading Ideas Участник

    Сообщения:
    252.681
    Симпатии:
    2
    659424-hMxb_mid.png
    ETHUSD 4H ASCENDING CHANNEL TRADES
    ETH/USD COINBASE:ETHUSD
    Tradingstrategyguides
    33l99QlA_mid.png
    Channels & Ranges are repeatable trading chart patterns.
    Channels & Ranges are consolidation chart patterns that can breakout either direction.
    Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
    What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
    Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
    Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
    When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.

    Trade Management after there is a breakout candle close.
    1 - Position size (compare volume bar to volume ma line).
    a - Breakout candle must be 100% of average volume for a full position size.
    b - If 75% of average volume then ½ position size. (To find 75% of Volume
    look at the volume settings on the chart – divide smaller # into larger # = 75%+)
    2 - Enter two trades.
    3 - SL for both trades will be 1.5 x ATR.
    4 - 1st trade TP will be 1 x ATR.
    5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
    6 - When 1st TP hit – move 2nd trade SL to breakeven.
    7 - Adjust the 2nd trade SL to follow price.
    *8 – After Breakout candle – if price closes back into chart pattern close trade
    *9 - When breakout candle is more than 1 ATR from breakout candle open.
    a - Enter 1st trade at candle close with ½ position size.
    b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
    c – Price should pullback to that pending limit order for 2nd trade.
    d – If Price returns back into chart pattern close trade before SL is hit.
     
Похожие темы
  1. Trading Ideas
    Ответов:
    0
    Просмотров:
    104
  2. Trading Ideas
    Ответов:
    0
    Просмотров:
    49
  3. Trading Ideas
    Ответов:
    0
    Просмотров:
    92
Загрузка...
  1. Этот сайт использует файлы cookie, чтобы помочь персонализировать контент и сохранить ваш вход в систему, если вы зарегистрированы.
    Продолжая использовать данный сайт, вы соглашаетесь на использование файлов cookie.
    Скрыть объявление