Tuesday 8 December 2015

9. Strategy Overview

Trend Setup
When the Higher Time Frame (HTF) are both in the same direction, we will ride the wave and go to that same direction.
 - when both HTF are uptrend, we buy at a Demand Zone
 - when both HTF are downtrend, we sell at the Supply Zone

Location Setup
When the Higher Time Frame is sideways or has No Direction (ND) we can enter a long or short trade depending on the location of the price.
-when both HTF have No Direction, we sell when the location is high with respect to the higher timeframe
-when both HTF have No Direction, we buy when the location is low with respect to the higher time frame.

Trend + Location
When the Higher Time Frame are both in the same direction AND the price is at a good location, we trade towards the trend's direction.
- when the HTF are uptrend AND the price is low with respect to the HTF in location, we buy at the Demand Zone
- when the HTF are downtrend AND the price is high with respect to the HTF in location, we sell at the Supply Zone

No comments:

Post a Comment