Hey All,
If you've been watching closely in the past you already know what I'm about and the strategy. I promise if this fails on first REAL test I'll keep the videos up so you can learn from my mistakes.
Currently my belief is that we'll keep seeing lower highs/lower lows in the following days irregardless of other USD pair trade activity. Price action was not able to test last week's support with no FTL so down we go.
We have confirmation from the Martin Momentum Lines and Stochastic on the daily to confirm that the trade should continue.
Again, the goal was to create "crummy" entries and come out with pips (if not hundreds of pips) in profit according to the strategy.
I'm going to actually going to go off-kilter and hold this trade for as long as possible until a serious bounce or accumulation pattern forms. I will show you where I would have exited had I been following the strategy to a T.
Hopefully we keep moving down. Remember, this is not financial advice to those viewing. This strategy does require minimal TA knowledge.
Thanks for watching and for the support!
If you've been watching closely in the past you already know what I'm about and the strategy. I promise if this fails on first REAL test I'll keep the videos up so you can learn from my mistakes.
Currently my belief is that we'll keep seeing lower highs/lower lows in the following days irregardless of other USD pair trade activity. Price action was not able to test last week's support with no FTL so down we go.
We have confirmation from the Martin Momentum Lines and Stochastic on the daily to confirm that the trade should continue.
Again, the goal was to create "crummy" entries and come out with pips (if not hundreds of pips) in profit according to the strategy.
I'm going to actually going to go off-kilter and hold this trade for as long as possible until a serious bounce or accumulation pattern forms. I will show you where I would have exited had I been following the strategy to a T.
Hopefully we keep moving down. Remember, this is not financial advice to those viewing. This strategy does require minimal TA knowledge.
Thanks for watching and for the support!
2. set martin S/R to 1 or 2 sensitivity (recommend 1)
rules for opening a trade:
-open if zone color is in the same direction as your trade, green for long short for red
-open on the next 3 color trio you have after a trio of the opposing color (aggressive)
-open on the next 3 color trio after a large block of the opposing color (ultra conservative)
rules for stop loss:
-if longing, put SL slightly under the current support (1-5 pips)
-if shorting, put SL slightly under the current resistance (1-5 pips)
rules for taking profit/losses:
-you get stopped out on your trades
-if longing and resistance line becomes lower than the previous resistance line then close the trade
-if shorting and support line becomes higher than the previous support line then close the trade
-if zone color changes to the opposing color then close the trade
-be smart and close the trade yourself under your own discretion