Martin Swing Strategy update for 1/30/19 USDCAD/EURAUD
Hey All,
Hopefully Travis doesn't mind me dubbing this strategy in this fashion. I personally was AFK for awhile today and was not able to get out of the EURAUD short triggered earlier so I took about a 40 pip loss. Hopefully you were following the strategy and making sure that you got out at the most opportune time. Hopefully EURAUD shifts back to red next week. We've seen this in previous videos of mine where you will see a short blip of the opposing color for a day and then back red. We are continuing to watch USDCAD to ensure a new resistance is made here today or soon.
Below are the Martin indicators and the ones that I'm using in bold:
Martin Long and Short Zones
Martin Support and Resistance
Martin Trend Meter
Martin Stochast Trend
Martin Momentum Lines
Martin Drop Coming
Martin Rise Coming
setup:
1. add martin trend bars, add martin S/R, add martin L/S zones to chart
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
Hopefully Travis doesn't mind me dubbing this strategy in this fashion. I personally was AFK for awhile today and was not able to get out of the EURAUD short triggered earlier so I took about a 40 pip loss. Hopefully you were following the strategy and making sure that you got out at the most opportune time. Hopefully EURAUD shifts back to red next week. We've seen this in previous videos of mine where you will see a short blip of the opposing color for a day and then back red. We are continuing to watch USDCAD to ensure a new resistance is made here today or soon.
Below are the Martin indicators and the ones that I'm using in bold:
Martin Long and Short Zones
Martin Support and Resistance
Martin Trend Meter
Martin Stochast Trend
Martin Momentum Lines
Martin Drop Coming
Martin Rise Coming
setup:
1. add martin trend bars, add martin S/R, add martin L/S zones to chart
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
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