1. Time frame 1 day, 4hrs, 1hr and 30min
2. Support And Resistance
4. Trend line
5. Pivot
6. binary program (my created indicator program to identifying the point of entry)
7. Stochastic RSI
8. Moving Average 100 and 50
Preparation and 1st to do
- 1 day time frame and identify support and resistance this is a guide where is the limit or the direction of the market for the day. I usually use gold color for this
- 4hrs chart is where i tend to identify trend line or pattern and break out. Dont worry im going to discus this in my video after i publish this post. In this time frame i often look for break out and if it support my moving average tool then i might take a trade. its where i look on pivot also and mark them as blue lines.
- 1 hr is a good place to find head and shoulder pattrn or flag. it also where i identify the trend based on my 100 and 50 exponential moving average.
- 30 min time frame is where i wait my signal trade
Important Laws to be followed and must.
1. Only trade what ever the 1 hr trend (ema) is showing (video will be provided) My explanation on this is simple if in 1hr time frame is saying a bullish trend then surely on 30 min time frame i will only trade a bullish signal.
2. Confirmation on tren is the cross over of 100 ema and 50 ema.
3. backtrack previous week to identify moving of stop lost, my default will be 25-50-77 and 100
4. take profit is upon reach 100 pips or upen breaking 50 ema
5. Stop lost on initial trade must support trend line to avoid premature stop or 50 pips away.
6. to avoid spike looses adjust stop lost on hourly ema its either 100 or 50.