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Apiary Funded Level 1 Strategy

 
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ColumbusNdah

Apiary Funded Level 1 Strategy

1.Chart set up
MACD 12,26,9
Stochastic: 5, 3, 3
Moving Averages: 8, 21, 50
Apiary pivot: 3

2. Trade analysis
Use Apiary Pivot to determine AB boundaries.
Draw trend lines and support and resistance zones using major apiary pivot points.
Draw Fibonacci retracement to determine degree of pull back to a C boundary (entry zone)
Draw Fibonacci expansion to determine D Boundary (target zone).
Use MA to determine whether market is trading or ranging and speed and momentum
Look out for any MACD divergence to confirm reversal.
Ensure stochastic is overbought and moving out of overbought zone when selling or oversold and moving out of oversold zone when buying.
Look for recognisable continuation/ reversal chart patterns: double/triple tops/bottoms, head and shoulder, Triangles, Wedge, Flags etc
Look for recognisable continuation/ reversal candle stick: doji, inner bar, engulfing bar, Piercing bar,
Check major daily news events that may affect short term chart patterns
3. Time Frame
Scalping: Use 60 minutes chart to determine direction and enter and exit in the 5 minutes chart. Apiary pivot and fibonacci retracement to gauge entries. I aim to wait for 23%, 38% to 50% retracement.
Set default target of 3 to 10 pips depending on violatility and instrument
Short term swing: Use 4 hourly chart to determine direction and enter and exit in the hourly chart. Aim to close position with 2 to 4 days i,e. within the same trading week. Apiary pivot and fibonacci retracement to gauge entries. I aim to wait for 23%, 38% to 50% retracement
Set profit target at R2/S2
Medium Term swing: Use Weekly/daily chart to determine direction and enter and exit in the hourly chart. Aim to close position within 1 or 2 weeks. Apiary pivot and fibonacci retracement to gauge entries. I aim to wait for 23%, 38% to 50% retracement
Manual exit
4. Risk/Money Management
Stop loss: I have set up a default stop loss of 75 pips but this is adjusted for short term trades after they are entered.
Trade size: I have a default size of 0.01 so that I can enter multiple positions limiting the total to 5 positions per $1000 equity.

Sun, 07/01/2018 - 5:43pm
 
jgjacobson1979

HI fellow trader , I copied this as it looks like a useful strategy I could use and will update you with my success as I am Gold 1 and preparing for funding . Thank you

 
JobFree Hustle

Thanks for sharing this strategy