Martin Upper Trendline Break (MTS) NZDCHF 4H TF
Updated
Keep an eye on the close of this candle on NZDCHF 4H TF. if it closes ABOVE the TL then it a valid setup for a trade.
Trading Strategy: Martin Trendline
Long Trade Rules
- Candle closes above green Auto Trendline
- Three green bars on Trend Meter
- Price closes above blue Momentum line
- Make sure you are above the recent resistance and there is a gap to the next resistance.
- Place stop loss at lowest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
ONCE IN A TRADE - MANAGE YOUR SL in the following way:
- 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
Trading Strategy: Martin Trendline
Long Trade Rules
- Candle closes above green Auto Trendline
- Three green bars on Trend Meter
- Price closes above blue Momentum line
- Make sure you are above the recent resistance and there is a gap to the next resistance.
- Place stop loss at lowest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade
ONCE IN A TRADE - MANAGE YOUR SL in the following way:
- 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
Trade active
the set up is good and your TP/SL should look like this Note
Get ready to update your SL to 12.5% and have a profitable trade, if you haven't already done so add the horizontal rays like i have then add an alert to each of them when you get the alert move the SLNote
Hey Guys, so you should have moved your SL to 12.5% (5 Pips) when the price hit 25% or you could have exited at 25%, well done and congrats on a winning trade
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