Here's a Potential Long Trade coming up for AUDCHF, as long as; 1) Price Action closes above Green Upper Trend Line 2) 3 Green Trend Meter Bars 3) Price Action closes above Blue Momentum Lines 4) Room to Resistance, (Look up and left)
Will Manage the trade with 25% TP Alert to Move SL to 12.5% for a Winning Trade. 50% TP Alert to Move SL to 25% 75% TP Alert to Move SL to 50% 100% TP Alert Cheers!
Check out TradeIndicators on TradingView to get the same indicators we're using here! MARTIN MOMENTUM STRATEGY
Long Trade Rules
- Green Stochastic background - Green stochastic line above red below 50% - At least two green bars on Trend Meter - Price closes above blue Momentum line - Resistance is away from the entry - Place stop loss at lowest wick in 8 candles - 1:1 RR trade to find TP - Enter Trade
Short Trade Rules
- Red Stochastic background - Green stochastic line below red above 50% - At least two red bars on Trend Meter - Price close below blue Momentum line - Support is away from the entry - Place stop loss at highest wick in 8 candles - 1:1 RR trade to find TP - Enter Trade
MARTIN TREND LINE STRATEGY
Long Trade Rules
- Candle closes above green trend line - Three green bars on trend meter - Price close above blue Momentum line - Place stop loss at lowest wick in 8 candles - 1:1 RR trade to find TP - Enter Trade
Short Trade Rules
- Candle closes below red trend line - Three red bars on trend meter - Price close below blue Momentum line - Place stop loss at highest wick in 8 candles - 1:1 RR trade to find TP - Enter Trade
ONCE IN A TRADE - MANAGE SL
- Enter trade - Move stop loss to 12.5% of TP once at 25% of TP - Move stop loss to 25% of TP once at 50% of TP - Move stop loss to 50% of TP once at 75% of TP - Move stop loss to 75% of TP once at 100% TP - Trade closes if 100% TP is hit