Silver Bullet Strategy on US30 Wrap - up (Traded in profit)This is a wrap-up video to finalize the earlier setup on US30. The video is linked below.
Using this method, you can validate pivots and liquidity unmitigated in the market during phase 1 of the session.
This tells you where to trade to for phase two. You use the unmitigated levels found during phase one.
Phase 3 is the silver bullet momentum area where its telling you how the market will react and move for phase 4.
This tells you if you should be taking longs or shorts which helps you to understand which levels need to be taken out on either side of the market.
In the next few days ill put together a step by step tutorial on how to achieve the use of this setup to lock in your trades with more confidence.
Heiken
My Silver Bullet Strategy analysis for US30Id be happy to teach this one to you guys.
Im working on a strategy specifically designed for Forex Markets.
There is a system i am creating called my version of a Silver Bullet Strategy that allows you mark out the phases of forex markets and as a result you can better plan your entries instead of having to sit there and wait for price action to play out the way youd like to.
This method is based on time and volatility of the market, and using just a session indicator with proper settings can help you get the information you need.
I cut the video early because i cant wait for the market to play out but ive already marked up the chart.
Ill post an image below of the completed days run of US30 so we can see how my mark ups coincide with the price action analysis.
CSC-HARSI UPdate: Bull Rejection / Bear RejectionWhat's new in this indicator
Support and resistance levels have been re-coded to give you a cleaner visualization.
as always when you see a support indication you set the support level at the close of the candle. if they cancel this red you place it at the bottom.
If the candle is green you place it at the top.
You always place the S/R level at the close of the candle.
Two other indications added to the script are called, Bull Rejection and Bear Rejection.
--Bull rejection shows up when there's a bullish rally and then there's enough resistance to stop that upward move.
--Bear rejection is when there's a bearish move and there is enough resistance to stop that downward move.
If you get a resistance indication followed by a bullish rejection indication you should exit your trade. Because it's showing you resistance at that level and enough pushing back down.
If you get a support indication followed by a bearish rejection you should exit that short trade because it's showing you there is support at that level and enough force pushing to the upside.
My simple Double Up strategy using Heiken Ashi candlesUSE the smoothed HA Candles indicator located in the indicator list. Combine that with the MACD and Bollinger Bands. Look for crossovers in the MAC D for Entry points on the 15 minute Time Frame. Riding momentum of the trend direction confirmed by the Heiken Ashi Trend color. For example if the HA candles are showing RED and price is beneath the 0.00 Line on the MAC D you are in a downtrend. using that knowledge wait for the blue MACD line to cross back up over the red line showing an uptrend move. COnfirm that move by seeing price action bounce off the bottom BOLLINGER bands band. once price in the HA CAndles turns green wait for the 2nd or 3rd HA candle to form. at that point price should be ABOVE the 0.00 line on the MACD signaling a strong move to the upside. somewhere in that location is your opportunity for an entry as well knowing it will be a strong move up. Using proper risk management set a SL at a resonable spot giving your TP no less than a 15 to 20 pip move. once that move has completed do the same in the opposite direction. DO NOT EXIT THE 1st MOVE UNTIL THE GREEN CANDLES SHOW AT LEAST 3 RED... always watching price action for major moves use the HA candles for further confirmation to either take TPs, add 2nd entries and ultimately exiting the trade... HAve fun and good luck