DAY TRADE
405 tick per day
use 27min 9 min 3 min 1 min chart
1 min very noisy so for forex so use 27, 9, 3 min instead of 9 3 1 min chart.
- unison of 3 charts is very strong
- unison of 2 chart is good
if 3 charts goes in same direction that is very strong, otherwise 2 timeframe, mostly 1 and 3 .
use trailing stop
TradingTheOpen.com Ken Calhoun
- After Gap wait for 2 days to make trade
- 45 degree angle best chart
- Don't buy any thing in 9 in it. 9 is exit zone.
- After 3 or 4 green candle if red comes look at that size. if red size is small (relatively to green) it will go up. Mostly in trend look size of the candle and opposite color candle that shows trend reversal will happen or not. relatively opp color candles are small means chances are low.
Top Dog
Chaikin money flow UP price down. that Chaikin MF point is entry point.
- Use Heikin Ashi candles and Fibonacci buy at 61.8% stop-loss is below 61.8. use Tick chart for time frame.
- using Trailing stop loss is good. train 1 stick below.
- Identify the trend and change in trend.
- Enter at the start of new trend.
E-mini
Simple Techniques to Manage Risk and Smooth Returns of Your Day Trading System
Then have custom build chart from 9.29 to 3.14. every bar within the window will now start and end 1 minute early.
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