I'd love to share a method that I find seeing the market inside this perspective easier to make money... its very powerful in my opinion since its about trading with the trend...
INTRO: I'm very sick and tired of threads claims easy scalping, easy system, etc., and figure what. . They want me to include MT4 and 3 weird indiors and enter when a dot does this. . And a cross of the wacky blob indior. . Ok you get the point.
Here I will use only canlde-sticks and a version called Heikin-i (dont have scared away) it is a smoothed out version of this candle sticks. . Many brokers have these as an option to view price motion. . When Heikin-i is new to you. . You'll probably love them so bear with me.
I will share the method now. . But please read the outro before agreeing
METHOD: The numbers refer to the images. . Follow it like a picture book
Basically Heikin-i is the heart of the method and you will pretty much ignore trend lines and every indior in the book(when using it like this).
Installation: 30M, 5M, and 1M Heikin-i charts. . And a 1M candlestick chart.
Step by Step Live Trade... (this is a short trade. . Reverse for extended )
1.) Assess the pub. . Its red. . So looked for a trade. (In picture #1I should have attracted my arrow into the candle behind where I drew... sorry, I drew my arrow into the busy candle. . When I have to have attracted to closed candle)
2.) Wait for 5M Heikin-i pub. . If it turns reddish do this: walk a limitation sell 1 pip below the 1M candle-sticks until its triggered... if price moves it down activates and your own in. . And when its in a mini pullback you get a better price(as it retraces you'll need to check to determine whether 30M and 5M Heikin-i are still reddish. . Else close order)
3) Make cash. . My commerce was a 10 pip stoploss using 20 pip take profit. . I left my own 20 pips. .
4) our emergency depart is when the 1M turns green. . In this trade we obtained our take profit of 20 pips before the 1M turned green. . You could use 2 lots and let the run until this only if you wanted. .
OUTRO: HA( aka Heikin-i) will keep you trading with the trend and makes things a lot easier to see so I hope you like it.
Heikin-i functions well on small time frames. . 30M is pushing it don't use it on 4 hours and such.
And don't go adding a million indiors for this method. . Its trend trading stuff. . Your only hurting yourself if you include 3 lagging indiors.
Hope you like this method. . Help exits and better entires and also we may have a wonderful trading procedure that is easy on the eyes. .
PS: oh yeah and you can scalp against the 30M direction when the 5M turns green. . But stuff advanced. . Just aim for smaller profits in that scenario
PSS: it helps to know how to look at Heikin-i candles (simply to know a weak one from a strong) so I added a PDF I discovered. In case a 30M includes a weak candle than simply scalp some tiny pips on 5M signs and such. . As I said this is draft we could refine things after
View article 102 to observe some price action without HA. . Its a bit more advanced if you're interested
https://forexintuitive.com/discussio...-industry.html
and 108 is a follow up on 102. .
https://forexintuitive.com/forex-tra...shell-sam.html
https://forexintuitive.com/attachmen...2044497046.pdf