This is an example of the J Livermore Swing Trade technique:
The trading rules:
Up trend series of higher highs and highers lows
Down trend series of lower lows and lower highs
To start watching for a new trend this must have advanced: 4% or more since the last low (up trend) or last high (down trend)
To enter a new trade in the new trend the price must also exceded 2% from the first high for longs or 2% from the last low for shorts.
In the chart in yellow the 4% filter is showed, in green the 2% filter, in green a winning trade and in red a loose one.
The trading rules:
Up trend series of higher highs and highers lows
Down trend series of lower lows and lower highs
To start watching for a new trend this must have advanced: 4% or more since the last low (up trend) or last high (down trend)
To enter a new trade in the new trend the price must also exceded 2% from the first high for longs or 2% from the last low for shorts.
In the chart in yellow the 4% filter is showed, in green the 2% filter, in green a winning trade and in red a loose one.
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.