System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved,
sign up now for a 14 day free trial or fill out the form below and preview the training right now!

Easy to use short/medium term trading strategy

 
Back to Forums
 
 
catalincastravete

Easy to use short/medium term trading strategy

Hi,

This is my strategy that I used for short/medium term period:

1. I'm checking on 2H chart if the market is bullish or bearish, by drawing major trendlines and mark the important S/R levels and check if stochastic is it overbought or oversold area

2. On 15M chart I draw the major S/R level from 2H (other platforms allows to link objects between TFs) and also I identify the minor S/R on 15min TF. With this setp up I will mark more layers of price movement on 15 min chart -  I will enter into a trade once the countertrend is broken and stochastic is in buy or sell area. 

SL is 5 Pips below or above the countrend breaking point or at nearest fractal; TP is linked with the proximal layer.  

Hope this strategy is useful.   

Happy trading!

Dumitru

  

Sat, 05/11/2019 - 10:15am