My brand new indicator-combos (100%free). Reversals+so_much_more
https://www.tradingview.com/x/oj5BJTHu/
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis through no fault of your own, too many indicator strategies dumped on you.
I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me,
1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis through no fault of your own, too many indicator strategies dumped on you.
I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me,
1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.
Note
Live trading example from 1 minute ago GBPUSD a big long-setup today. Price has reversed and not suprising to take out Long-stoplosses. Take a look here in the setup of indicators, on 1m chart price breaks up and closes above the channel.
Note
5m chart a few moments ago and about 5minutes after breakout at lowest lows. Price moves through the Bullish Volumised order-blocks I made sure to use in strategy. These orderblocks are bullish (yellow) and propelling price upwards.
Note
Indicators in strategy?
In the main big chart above highlighting the strategy and indicators, I will describe the strategy in a moment, but to find the indicators (freetv), simply click upper-left of screen in the big chart in the narrative right at the start, a drop-down of all the indicators will be revealed. I also turned off (so less noise) some of the signals, for example a retest of a demand and supply zone with arrow keys. Turn these on within each indicator. Also, be sure to read about each indicator in the 'about this indicator' page so you get at least a broad understanding of the indicator.
The 2 indicators you need down below, 1 is enough and that is CM_3-Stochastics_No%D_UserRequest
It has fast, medium and slow stochastics. CM_3-Stochastics_No%D_UserRequest.
The other indicator which is optional is OBV
Indicator: CCI coded OBV
By LazyBear
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Note
It working a treat this strategy. I promise to break it down further soon.
That is, how to apply it.
1. We use the Stochastic for a cross up. Simple as that. If it Stochs's get under price and moves it up, well there is our first move higher with momentum. Anytimeframe. Usually the 1m will do some good stuff. You will see my EMA 200 White. Check on the Daily TF that price current price, is above the 200ema. This is a usually a better result. Ie a pullback trade. This is how I got the breakout on 1m earlier of GBPUSD and it broke out of the trend line and moved higher. Need candle to close higher, why I like 1m timeframe for this because I am an impatient Scorpio. Standby for the next lesson.
Download all of the indicators above in the main chart. Top left drop down. You should see them. Message me if you cant find them. Down low is Stochastics. OBV is a good idea to sit below it.
Disclaimer
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