Here's a Potential Long Trade coming up for AUDCHF, as long as;
1) Price Action closes above Green Upper Trend Line
2) 3 Green Trend Meter Bars
3) Price Action closes above Blue Momentum Lines
4) Room to Resistance, (Look up and left)
Will Manage the trade with
25% TP Alert to Move SL to 12.5% for a Winning Trade.
50% TP Alert to Move SL to 25%
75% TP Alert to Move SL to 50%
100% TP Alert Cheers!
Check out TradeIndicators on TradingView to get the same indicators we're using here!
MARTIN MOMENTUM STRATEGY
Long Trade Rules
- Green Stochastic background
- Green stochastic line above red below 50%
- At least two green bars on Trend Meter
- Price closes above blue Momentum line
- Resistance is away from the entry
- Place stop loss at lowest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
Short Trade Rules
- Red Stochastic background
- Green stochastic line below red above 50%
- At least two red bars on Trend Meter
- Price close below blue Momentum line
- Support is away from the entry
- Place stop loss at highest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
MARTIN TREND LINE STRATEGY
Long Trade Rules
- Candle closes above green trend line
- Three green bars on trend meter
- Price close above blue Momentum line
- Place stop loss at lowest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
Short Trade Rules
- Candle closes below red trend line
- Three red bars on trend meter
- Price close below blue Momentum line
- Place stop loss at highest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
ONCE IN A TRADE - MANAGE SL
- Enter trade
- Move stop loss to 12.5% of TP once at 25% of TP
- Move stop loss to 25% of TP once at 50% of TP
- Move stop loss to 50% of TP once at 75% of TP
- Move stop loss to 75% of TP once at 100% TP
- Trade closes if 100% TP is hit