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    andrewlauym
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    The document provides steps for a trading strategy involving drawing resistance and support lines using the last two sessions' high and low points. It describes entry strategies of buying at support and selling at resistance when the MACD is in certain positions. Exit strategies include using the average true range at entry to set a stop loss and taking profit at 1.5x the stop loss level or on a 5 bar confirmation. It also provides strategies for pre-market trading between 15:30-16:30 hrs.

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    The document provides steps for a trading strategy involving drawing resistance and support lines using the last two sessions' high and low points. It describes entry strategies of buying at support and selling at resistance when the MACD is in certain positions. Exit strategies include using the average true range at entry to set a stop loss and taking profit at 1.5x the stop loss level or on a 5 bar confirmation. It also provides strategies for pre-market trading between 15:30-16:30 hrs.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views5 pages

    Trade Strategy

    Uploaded by

    andrewlauym
    The document provides steps for a trading strategy involving drawing resistance and support lines using the last two sessions' high and low points. It describes entry strategies of buying at support and selling at resistance when the MACD is in certain positions. Exit strategies include using the average true range at entry to set a stop loss and taking profit at 1.5x the stop loss level or on a 5 bar confirmation. It also provides strategies for pre-market trading between 15:30-16:30 hrs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Step 1 Draw Resistance Line and Support Line

    Use Last Two Sessions


    - Join two High Point
    - Join two Low Point

    Step 2 – Entry Strategy


    Note : Always Enter at Signal – Price Level important. Chase always loses. If Missed, is not
    yours. Take Profit, can take price.

    Channel

    Buy at Support
    MACD Below Zero and MACD Signal Line & MACD below Zero
    Sell at Resistance
    MACD Above Zero and MACD Signal Line & MACD Above Zero

    Especially near Support/Resistance

    Break Out
    Completed Price Bar Break Channel
    Break Up - Buy @ Support
    Break Down – Sell @ Resistance

    Break Up - Buy @ Support

    Break Down – Sell @ Resistance

    Converge (When Lines Crossed)


    Buy @ Market
    Sell @ Market

    Step 3 – Exit Strategy

    Use ATR @ Entry, Add to last Low, set as Stop Loss


    Use 1.5x from Stop Loss level
    5 Bar Confirmation
    @ 5th Bar – Price to confirm signal, if not Exit at profit or MACD turn

    Step 2B -Pre Market

    Between 1530hrs to 1630hrs


    Observe DAY Trend – Draw High/Low Line

    Buy @ Support
    Sell @ Resistance

    Step 3 – Exit Strategy

    EXIT - Follow trade to MACD Turn


    TWO PRICE BAR
    Or
    Profit Level
    Or
    Last Min Before Cash Market Open

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