Indicators used :
1) Exponential Moving Average (5, 100 and 200)
2) TSI Shadow
TSI Momentum Smoothing 1 : 15
TSI Momentum Smoothing 2 : 20
Type of MA 1 : 20
MA 1 : 20
At Style : untick everything except TSI and MA1
3) ATR (14)
This is one of my way to catch short term trend that could last days, even weeks.
The EMA Ribbon is 100 EMA and 200 EMA. That is our baseline.
Bullish TSI crossover will be ignore if it happens while candle closes under the ribbon. Vice Versa
When a valid TSI crossover occur, you need to draw a filter line at the high or low of the candle.
When 5EMA closed above/below the filter line, then you can enter the trade with ATR x3.
Trade management is all up to you but for Forex, I will scale out when price hits 2R.
I will close ALL my position when candle close above/below the EMA Ribbon
Important note : If candle close above/below the EMA Ribbon before price hit 2R, then it will be ignored and keep the trade open until it hits Stoploss
1) Exponential Moving Average (5, 100 and 200)
2) TSI Shadow
TSI Momentum Smoothing 1 : 15
TSI Momentum Smoothing 2 : 20
Type of MA 1 : 20
MA 1 : 20
At Style : untick everything except TSI and MA1
3) ATR (14)
This is one of my way to catch short term trend that could last days, even weeks.
The EMA Ribbon is 100 EMA and 200 EMA. That is our baseline.
Bullish TSI crossover will be ignore if it happens while candle closes under the ribbon. Vice Versa
When a valid TSI crossover occur, you need to draw a filter line at the high or low of the candle.
When 5EMA closed above/below the filter line, then you can enter the trade with ATR x3.
Trade management is all up to you but for Forex, I will scale out when price hits 2R.
I will close ALL my position when candle close above/below the EMA Ribbon
Important note : If candle close above/below the EMA Ribbon before price hit 2R, then it will be ignored and keep the trade open until it hits Stoploss
