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USDMXN - HOW TO TRADE WEEKLY SIGNALS WITHOUT BREAKING THE BANKThe weekly trade signals are very powerful to trade but the weekly stop losses are so large it makes you trade very small size positions. It takes a long time for a weekly entry to hit it's first target. This technique takes that built up explosive energy in a huge weekly pattern. But to trade a size that will make it worth while and to get in and out of the trade more quickly. The weekly chart shows the week of Dec. 9th is the candle that triggered the trade. It closed on Dec 13th at an ATR of .3457. This pair moves a hugh amount of pips every day. Weekly ATR = .3457 Weekly candle close entry @ 19.00 Weekly SL is 1.5 x ATR (.3457) = .5186 pip SL or SL @ 19.5156 Weekly 1st TP is 1 x ATR = .3457 pip TP or TP @ 18.65 Use the free trade size calculator at our TSG website under free tools. Demo Acct Size $10,000 Risk Percentage 1% (open two positions of 1% each) & SL of 5186 pips = You can trade 3.62 Micro Lots or 3 micro lot trade size. You still watch weekly chart for breakout setup but use 1st Daily chart for SL & TP. Your alternative option is to use the Daily SL & TP for the daily breakout candle close. Dec. 9th Daily Close breakout candle. Daily ATR = .1361. Daily candle close entry @ 19.24. Daily SL is 1.5 x ATR (.1361) = .2041 pip SL or SL @ 19.44. Daily 1st TP is 1 x ATR = .1361 pip TP or TP @ 19.1039. Free Trade Size Calculator - Demo Acct Size $10,000 Risk 1% with SL of .2041 You can trade 9.59 Micro Lots or 9 Micro lots. Your Daily 1st TP is closer now also at 19.1039 which your are trading with 9 miro lots. 1st TP was hit on 4th day. USDMXN 1W trade was tied up for 5 weeks with 6 micro lots without hitting 1st TP. Use Weekly Chart Pattern Trade set. But use 1st Day Candle Breakout Close for Trade Management data. No reason to use full week numbers on a weekly trade signal. This applies to all markets that you trade. We often see big patterns on indexes and metals where you can use this technique to shorten your trades. This also allows you to use a bigger size. Much better to see your TP hit in a day or two.
Education
by Tradingstrategyguides
Connect a Two MM Cross (Signal version) to the Trade ManagerHey everyone Seems I wasn't clear enough yesterday when sharing the Trade Manager. Sorry for that Here's a quick video showing what you should do : Add the Two MM Cross (Signal version) to your chart Add the Trade Manager (Open Source Version) Connect your Two MM Cross Signal to the Trade Manager I created this dummy script for you to play with the Trade Manager Two-MM-Cross-Signal-version/ But, you can also create your own indicator and add only 2 lines as I explained in the Trade Manager indicator description post Hope this will clear things up a bit See you later for the indicator of the day Dave
BITMEX:BTCUSD.PEducation
by Daveatt
2
GBPNZD 4H BEARISH BIAS SHORT TRADEPrice at 100 sma so it can bounce bullish or breakout bearish Price has failed twice to hold above 100 sma - Bearish Bias Bearish Bias: Macd Over-bought, Macd below Red signal line 1st Short position - Price closes on 30m candle below 100 sma Price can fall to 50 sma for 1st Short TP - take 1/2 off position and let rest run At 50 sma price can bounce bullish or breakout bearish 2nd Short position - Price closes on 30m candle below 50 sma 2nd Short TP is previous support @ 1.9127 Find your own appropriate SL's
Short
by Tradingstrategyguides
BCHUSD 4H BITCOIN INDICATOR SIGNAL STRATEGYThis is the Bitcoin Signal Strategy indicator It finds when price breaks out of our proprietary ATR channel lines Short or Long signals are painted on the chart Stop Loss is red signal line based on a 2 to 1 risk ratio Stop Loss is then a trailing price stop loss as price continues it move Target Profit is blue signal line based on a 2 to 1 risk ratio Trade will exit when price hits the blue take profit signal line PM me if you would like more information. I will be happy to help
BShort
by Tradingstrategyguides