On the daily chart price bounced from up Bollinger Band. And it's a signal for searching entry levels on hourly charts. MACD and RSI formed bearish divergence on 4H chart and it's time for short trades. Entry level is below MA20 and stop above the swing high. Target profit can be the support level or MA100.
We have a reversal signal on 1H chart. Price bounced from MA100 with RSI and MACD confirmation. Higher time frame confirms possible down movement. DMI allows open short trades. Place a pending order below MA50 and stop above MA100. Profit target is the Bollinger Band.
We have solid arguments for down movement from the daily chart such as bearish divergence, price reversal from the resistance level confirming by RSI and MACD drop. Possible entry levels can be on hourly charts. Price reached MA100 on 1H chart and reversed. MACD histogram also falls and it's a signal for opening short trades. Place a pending order below MA50 and...
On the daily chart price reached up Bollinger Band. Probably we'll see a correction to 1.1200 or 1.1150. MACD and DMI confirm up movement but we can try to open short trades based on hourly charts. On 4H chart MACD and RSI formed bearish divergence and we have an entry level below 1.1304. DMI allows open short trades. Stop should be placed above the swing high...
Price broke MA100 and the up trend was over. It's time to think about short trades because we have following arguments for this: - MA20 and MA50 fall and show down trend - DMI confirms down movement and trend conditions - RSI confirmed price reversal from MA20 - MACD gave a signal for opening short trades Place a pending order below 564 and stop above 587. Profit...
If we look at Gold market, we'll see up trend and period of correction movement. Price broke MA50 and now it's between the possible resistance line and the support zone. For long trades we'll need price reversal from the 1310-1300 or MA100 which also will be confirmed by RSI and MACD. As for short trades, we can try to find entry levels based on 15 minutes and 1H...
The market bounced from Bollinger Band and moved to the support level. Now we have a situation which can't give clear direction for possible trades. We have the trend line which can be a barrier for up movement and our long trades. We have the support level which can stop price also. What should we do in such situation? I think the best way is to wait for the...
On the daily chart price reached MA50 and probably we'll see price reversal and up movement. We can think about opening long trades and here we have a signal from 4H chart. Entry level is above 1338.70 and stop below 1331.50. Profit target is the opposite Bollinger Band.
On 1H chart we have trend market conditions and we can trade. Price touched MA20 and bounced. MACD confirmed price reversal and gave a signal for opening a short trade. Entry level is below 4774, stop should be placed above the swing high. Our profit target is based on R/R ratio 1:3 and we use no more then 1% from our deposit for this trade. We have the support...
On the daily chart price bounced from up Bollinger Band and moved down. MACD falls and gives us direction for possible trades on hourly charts. We have to search signals for opening short trades. On 1H chart we can trade using setups for trend market conditions. Price bounced from MA100 and RSI confirms the reversal. MACD starts falling and gives a signal for...
Price bounced from the resistance level and moved lower. We have an entry level below 2170 for opening short trades. There are following arguments for this: - on the daily chart price bounced from the resistance level - on the daily chart MACD falls and confirms down movement - we have double top pattern on 4H chart - we have confirmation for opening short...
On the daily chart we have correction movement which is confirmed by MACD. Based on 4H time frame we had a signal for opening short trades confirmed by MACD and DMI. Entry level was below 1328 with stop above the swing high. Profit target is the support level 1310.
Simplicity Trading Strategy can make good profit, just the main thing is, you have to trade in trend market conditions. It's very important when higher time frame moves in one direction. Here is the perfect example. On the daily chart price bounced from the support level and made huge up movement. We had good entry levels on 1H chart. The 1st short trade was...
The market reached the resistance level and bounced. As a result now we have a double top chart pattern and bearish divergence formed by RSI. MACD also confirms down movement. We can think about opening short trades, if price breaks MA100. Entry level is below 4780 and stop is above the nearest swing high. Take profit orders can be placed near 4700 and 4650. If...
The market reached the resistance level and we have to think about possible price action. If price reverses from the resistance level, we'll have a signal for opening short trades. Just MACD and RSI will have to confirm price reversal. Probably the market will fall to MA50 and give us good entry levels on the daily and hourly charts. If price breaks the...
On the daily chart price touched up Bollinger Band and we have to think about short trades on hourly charts. We have bearish divergences on 1H and 4H charts. If you did not open a short trade based on 1H chart, you can do it on the higher time frame. Entry below 48,10 and place a stop order above the swing high. Take profit orders can be placed near MA50 and MA100.
Simplicity Trading Strategy was designed for novice traders in order to make their trading more easy and consistent. The strategy gives signals when to open trades, where to place stop and take profit orders. Simplicity is suitable for day traders. You can use it on 15M and 1H charts. This strategy is for trend market conditions only and it's very importent to...
Dear friends! There are a great number of different trading strategies based on different ideas. Some of them are simple, some of them are more complicated. What kind of trading strategies do you prefer? Please, share in comments. I would like to offer you a variant of trading strategy based on 3 indicators. It's simple. Will it be interesting for you to learn...