Ok so I have put together a mini e-book that outlines 4 trading setups with around 25 examples over the last couple of months on the major pairs. All I can say is that this strategy requires patience and you sort of have to always have an eye on market constantly, something which I no longer have the patience nor drive to do.
Yes, one of the setups is a ending diagonal or a wolf wave. I’m not claiming it as my own.
The market structures I have outlined provide pivot points in which you can gauge possible MACD divergence and thus reversal points. If you are new to MACD Divergence I suggest you do some research because I’m to lazy to outline what it is and how it works.
You will notice that I opt for divergence on the histogram as well as the moving averages, it’s up to you whether you just use averages or the histogram or both. Also, I prefer (21,55,8) MACD settings it’s up to you which MACD settings you use.
Good luck!
4 Trading Setups.pdf (1.53 MB)
