BIG 3 CONTINUATION STRATEGY
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This strategy finds the most trades for any markets and pairs.
This strategy will show you what the most accurate intraday trading indicators are, the best combination of indicators for day trading, swing trading and scalping, and the most reliable technical indicators.
This strategy can be traded on any given time frame
This can be used for swing trading, day trading, and scalping
This strategy can be traded with any market
It can be a great addition to your current trading plan
Step 1 - Apply all three moving averages to your chart like this:20-40-80 sma
These are the best trend indicators and will help you determine trends on every time frame.
Step 2 - Once your “Big Three” indicators are on your chart, go ahead and find a current up trend or down trend.
To do that simply look at where the price action is and determine if its above the moving averages or below
If the price is above the three moving averages you have an uptrend.
If the price is below the three moving averages you have a downtrend.
If The market is flat and the price action is not making a new high or low and just saying stagnant…
I would avoid this type of market because we are looking for a trending market, not a flat or “sideways” market.
Step 3 - Wait for entire candle to close outside moving averages + pull back in price action + continuation of trend.
Wait for the price to close below lowest moving average in a downtrend: above in an uptrend.
Once you see this occur, you wait for the price to pull back and then move in the direction of the trend to make your entry. To determine this you can either go to a lower time frame or stay in the current time frame that the entire candle closed completely below or above the moving averages.
The price action does not have to necessarily go back and touch the moving averages (which does occur) but you need to confirm there was pullback in the price and then a continuation of the current trend.
Place your stop loss Below the bottom moving average line. Depending on what time frame you are in will vary on how large your stop is.
Scalpers may have a tight 5-10 pip stop
While day traders will have a 30-50 pip stop
Take Profit at your discretion.
This strategy will show you what the most accurate intraday trading indicators are, the best combination of indicators for day trading, swing trading and scalping, and the most reliable technical indicators.
This strategy can be traded on any given time frame
This can be used for swing trading, day trading, and scalping
This strategy can be traded with any market
It can be a great addition to your current trading plan
Step 1 - Apply all three moving averages to your chart like this:20-40-80 sma
These are the best trend indicators and will help you determine trends on every time frame.
Step 2 - Once your “Big Three” indicators are on your chart, go ahead and find a current up trend or down trend.
To do that simply look at where the price action is and determine if its above the moving averages or below
If the price is above the three moving averages you have an uptrend.
If the price is below the three moving averages you have a downtrend.
If The market is flat and the price action is not making a new high or low and just saying stagnant…
I would avoid this type of market because we are looking for a trending market, not a flat or “sideways” market.
Step 3 - Wait for entire candle to close outside moving averages + pull back in price action + continuation of trend.
Wait for the price to close below lowest moving average in a downtrend: above in an uptrend.
Once you see this occur, you wait for the price to pull back and then move in the direction of the trend to make your entry. To determine this you can either go to a lower time frame or stay in the current time frame that the entire candle closed completely below or above the moving averages.
The price action does not have to necessarily go back and touch the moving averages (which does occur) but you need to confirm there was pullback in the price and then a continuation of the current trend.
Place your stop loss Below the bottom moving average line. Depending on what time frame you are in will vary on how large your stop is.
Scalpers may have a tight 5-10 pip stop
While day traders will have a 30-50 pip stop
Take Profit at your discretion.
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New EURUSD 1H Bearish Continuation setupЗаметка
wrong pair - sorry!Заметка
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