Easy Trading Strategy Introduction

In this newly developed strategy, we are identifying only two algorithms and utilizing the tapered algorithm (purple) as our entry for a short.

As you'll see in this chart, we are looking for a higher time frame tapered purple algorithm to prove itself with at least 2 taps.

We are then looking for a lower time frame stronger teal algorithm to prove itself with 2-3 taps.

Keep in mind, these are algorithms that we identify from previous price action on the chart. The way to know if you have the correct algorithm is to see that it shows itself on the chart in the past.

Once we have these guidelines, we look for a breakout of our stronger teal algorithm and wait for price to find and reject our tapered purple algorithm.

From there, we look for price to hit and close below it (no more than 1 daily candle close above purple), to take a short trade back down to retest teal.

And there you have it. Still a work in progress to identify all the rules and kinks - but this works more often than not. I made a 30 minute video earlier going through many different charts but it unfortunately got deleted before I could upload. In that video we were successful 4 out of 5 times when the strategy presented itself accurately.

I will try to do another video soon going through this strategy on multiple different charts and walking you through identifying the correct algorithms on each chart.

Happy Trading :)