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how to use 99 Win Moving Average New Strategy best moving averages forex trading strategies 2020

how to use 99 Win Moving Average New Strategy best moving averages forex trading strategies 2020
how to use 99 Win Moving Average New Strategy best moving averages forex trading strategies 2020

how to use 99 Win Moving Average New Strategy best moving averages forex trading strategies 2018 why hello there Hector Deville here on a previous article I was showing you how to trade breakouts okay we were seeing how to trade they initial breakup frost by simply assuming into the trigger chart as the breakup is pulling through and then simply wait for it breakout pullback continuation pattern again on the shorter timeframes well in order to trigger your entry and to ride that momentum that initial momentum breakup frost probably as far as the entire width of the congestion area or rather the projection of that entire entire range with all right somebody in there is where we will be looking to close out our where our Troy or to cash out at least 50 of our profit right well as well mood you know as many traders such as yourself begin to close out their positions around that level price tends to retrace back down because all those traders who were creating buying pressure at the breakout now as they reverse their position they are now in fact building selling pressure okay and therefore price tends to retrace down how far does price retrace down to well more often than not it tends to row to retrace back down all the way to retest breakout points meaning well they range boundary that got broken before right so price tends to do something like that takes off as far as entire projection of the range with right well the range the triangle the front triangle it doesnt matter they all work exactly the same right so once when the momentum dies out people reverse or traders reverse their position price tends to retrace them all the way back today well to this area here to the breakout area okay something like that and what we are gonna be doing now is to troit that shrimp all like and i dont actually mean to trade they retrace men back then but to simply wait for price to come back down to breakout areas and to and then to trade any type of bounds to the upside we may get around that area okay so again we not only profit from this breakup for us but also once price tends to or once price retraces back down which again does happen and it does happen rather often well well be ready to trade once again they are bounced for yet another momentum swing to the upside okay how do we try that how do we actually enter the market as the bounce takes place where again just wait for the first candle to close okay in the setup chart if you dont want there is no need to assume into the shorter timeframes the first candle that closes in green okay since we are looking obviously to for a bounce to the upside we would be looking for green candles if we were searching for lets imagine we turn this all around we got the meaning the trend was down we gotta break up to the downside we triggered off any potential break up pull a continuation pots and price takes off then a little bit of a pullback and ask price retraces and furthermore bounces once again in the direction of the trend the first candle in red okay this time around in red since its a downtrend well the first candle that closes in red thats where we would enter the tried okay if we get here a green candle as that candle closes thats where we would enter our long entry obviously a stop loss goes below the bounce point okay and well we would be looking to close our trade we will be looking to cash out our profits in the same way that we try to stand our bounces okay 50 at the previous swing high and then we would simply use the well the the indicator projection the projection bands in order to close somewhere up there the for in small portions of our to write okay no nothing new here you already know all these from well from previous articles when I was showing you how to trade bounces in the direction of the trend right so again 50 of the trade at the previous swing high and then simply use the projection bands as per the well as per the custom indicator in order to further close well you know more small small portions of detroit okay okay yeah lets take a look at some life examples shall we we are now looking to looking into the Euro against the Australian dollar on the daily timeframe in fact I was showing you this well this chart on the previous article let me now assume in a little bit more to be more specific I was showing you guys how well we would go about trading the break out of this let me mark it with an actual horizontal line well but maybe not in yellow there we are in black thats much better well I was showing you how to write the initial break out there with a breakup pullback continuation pattern on the trigger chart Im not gonna go over that once again you may go back if you want to the previous article if you want to see that specific example but at any rate normally on this specific sideways price action congestion area not only we would manage to trade the initial breakout for us okay but we could we could simply also wait for the pullback for the first room pullback to retest as you can see right actually let me extend that trendline there alright do you see how price once the momentum dies out once these you know these distance the widest part of the congestion area okay if we extend that to the breakup point takes us all the way there right there is where we you know run out of a steam price tends to pull back and it usually usually pulls back to retest breakup levels okay so once price reached retests breakout levels is just a matter of really price action around that area if we get a breakout to the upside meaning if price continues keep some retracing back up against the trend obviously we are to search for Chilean opportunities no longer in the other hand if price thus indeed find resistance around that area and from there we do see that bounds we simply wait for the first red candle to close or the first candle in the direction of the bounds upon the bounds of course we wait for the bounds and then we wait for the first candle to close in that color meaning this candle there you see that thats the first red candle up on the bounds well you simply wait for that candle to close at that precise moment is where you go short where you you know when you click on your cell button once again not only you profit it from this range there but also there so thats exactly why this is so beautiful because you get multiple trading opportunities within the same within the same pattern okay within the same trading opportunity at the end of the day we are treating exactly the same thing we are trading a congestion area that gives way in the direction of the trend and gives us two valid training opportunities there and there so as that red candle closes thats where we are we go short stoploss right above their bounds point ok the swing point first target again just before hitting the previous swing glow ok that swing low there thats what we close a portion of the trade 50 of the trade and then well we use they projection bands in order to close yet and all the temp 1015 of Detroit there and so on and so forth alright nothing special here but like I say this is a very common market event so even if you manage to squeeze your profits here dont just give up on this range because you may get a second opportunity or alternatively if you didnt quite get a breakout pullback continuation pattern dont just close this chart ok even if you failed to profit the first time around who knows the market may give you a second opportunity alright so you know its always worth keep on you know to keep on monitoring this key level of support and resistance there okay that key breakout point okay yeah let me now show you another example this time around on the uragan state your sterling pound its an uptrend and its a its the hourly timeframe okay its an intraday chart and what as we can see well the moving averages are pointing up flat price nowhere near the hundred etc etc and well as you can see here actually let me zoom in a little bit more there alright as you can see whoops price takes off on a whole new swing of the dynamic area of support and resistance pulls back goes back up again and it fails to take out the previous swing high okay as I mentioned on a previous article whenever you see that price actually fails to keep on well you know to sustain in this six sag in the harmonic zigzagging pattern usually indicates that you have a congestion area okay so here price fails to again to score higher highs right in actually it scores a double top do you see the double swing top there right so as soon as you identify that you simply mark that level of resistance okay so what lets do it wrong lets do just that shall we we found that that double top price retraces back once again to the dynamic area or rather the dynamic area catches up with price in fact we have some sort of a enemy just sorry about that guys I want to be as accurate as possible so you guys understand everything as I explained along in fact here we have a well some sort of a flat top triangle do you see that higher swing high but a flat line okay and so well effectively giving us that flat top triangle alright like I said just want you to mark mark that up for you so eventually a breakup takes place as that happens we would swim into the shorter timeframes this is the one hour time frame so we would swim into the 15 minutes timeframe searching for a breakup pullback continuation pattern okay now if we miss this opportunity or did you know this momentum breakout or even if we did profit from it its worth to keep monitoring this setup for that you know for a consequent pullback to retest a breakout levels okay that former level of support so we project that line and sure enough as they momentum on that swing dice out price begins to turn around and retrace is back then to retest breakout levels right there okay and rather conveniently so it also happens right off the dynamic area of support or resistance which hey again its a you know I know theyre well and all there are plus alright so as price comes to retest that label we simply wait for the first candle on the setup chart on this swing pattern here on this first string patter there we dont quite we dont really have to swim into the trigger chart at all okay we can trigger straight from this setup chart so again we wait for the first candle to close in the direction of the of these pounds meaning obviously green color thats the you know thats up on the bounce the first candle in green so as this candle closes or whats the same as the new candle opens up right there we enter on for a second trading opportunity alright this is the first one this is the second one first target as usual right there as per the previous swing high or maybe a couple of pips before hitting that level and from there on we simply well we simply our base our you know our next consecutive targets a spear the well as per the projections okay aspartame projection bands and and thats it again nothing special here we are just a trading a second chance of a off a breakout up on the first swing pullback on the set sharp target second target and well you know you keep on writing for future profits in there all right well anyway I believe thats pretty much it I believe I have pretty much said everything I had to say as far as training breakout okay both the initial thrust and the next smooth up on the first swing pullback and and thats very I mean two trillion opportunities of one single congestion area well not too bad the more the merrier isnt it anyway again I hope you enjoyed this article Cheers

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