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Daily close

 
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Lejumeau

Daily close

A simple strategy to project in future price action is using the close of the previous  daily candle.

Open daily chart and draw a trendline on each of the daily close candle for the last 1 or 2 pivot point.

Switch to a lower time frame 15min or 1hr and see how price bounce and react at these level.

That can help you for profit target or exiting a position or spoting a reversal or continuation.

Thu, 12/20/2018 - 8:55pm
 
tcastellon8008

I saw your stats on another post. You're killing it man!

 
cj18

Keep it simple! That is the best strategy we can do. And it makes a lot of sense.

 
burton

"see how price bounce and react at these level." ...definitely a fan of this type of process.

 
adeastin

nice, i use something simular and it has been working good for me.
happy trading all

 
Lejumeau

@tcastellon8008 Thank you, but I'm telling you that was not the case all the time, I had to go through the learning curve like everyone, I was no exception but the main thing is to learn from how you are misleading the market movement. I'm still learning the curve but the curve is going in the green more and more...