Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below.
"Support and Resistance Bounce"
This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level
- Use Fibonacci retracements or trend lines to identify key levels of support and resistance
- Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal.
“Breakout through Support or Resistance"
This strategy involves buying or selling when the price breaks through a level of support or resistance
- Look for a high volume of trades at the point of breakout
- Looking for a bullish or bearish candlestick pattern at the point of breakout
"Moving Average Crossover"
This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend.
- Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator
- Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win.
"Trend Following with Moving Average"
This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market.
- Look for bullish or bearish divergence between the price and an oscillator, such as the RSI
- Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts.
"Support and Resistance Reversal"
This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market.
- Looking for a high volume of trades at the point of reversal
- Looking for bullish or bearish candle pattern at the point of reversal
- Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions
- Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal.
Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential.
Trade safe! Have fun! Like, share and follow for more!!!
"Support and Resistance Bounce"
This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level
- Use Fibonacci retracements or trend lines to identify key levels of support and resistance
- Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal.
“Breakout through Support or Resistance"
This strategy involves buying or selling when the price breaks through a level of support or resistance
- Look for a high volume of trades at the point of breakout
- Looking for a bullish or bearish candlestick pattern at the point of breakout
"Moving Average Crossover"
This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend.
- Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator
- Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win.
"Trend Following with Moving Average"
This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market.
- Look for bullish or bearish divergence between the price and an oscillator, such as the RSI
- Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts.
"Support and Resistance Reversal"
This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market.
- Looking for a high volume of trades at the point of reversal
- Looking for bullish or bearish candle pattern at the point of reversal
- Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions
- Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal.
Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential.
Trade safe! Have fun! Like, share and follow for more!!!
