This is a day trading strategy technique.
Sell conditions:
1) Bearish kumo breakout + Bearish TKX (a bearish future kumo/ chikou < price are not required)
2) Price < 200 EMA
3) Check for good R:R
4) SL at Senkou span B.
5) TP at nearest support.
6) Trail SL using Senkou span B.
7) Consider exiting the position if we see a bullish TKX.
Sell conditions:
1) Bearish kumo breakout + Bearish TKX (a bearish future kumo/ chikou < price are not required)
2) Price < 200 EMA
3) Check for good R:R
4) SL at Senkou span B.
5) TP at nearest support.
6) Trail SL using Senkou span B.
7) Consider exiting the position if we see a bullish TKX.
Trade active
TP 1 hit.Risk free trade by trailing SL.
Trade closed manually
Bullish TK cross + Chikou > price + Price > Kijun
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.