Hello I’m still new to trading and currently trying how to trade breakouts on chart patterns on my demo account (e.g rectangles,triangles,penants) I’m currently having problems with setting the right moving averages. Any help or additions or strategies involving 15m yo 1hr time frames will be appreciated.
Some Moving Averages work better on some pairs than others…
Practice… practice… And you guessed it Practice…
Have you tried A Basic 15 SMA + 20 SMA
A Basic Strategy would be to wait for Price to close Above or below to ENTER
or When 15 sma Crosses 20 sma Enter then …
USE A STOP LOSS…
Have you tried rhombicosidodecahedron …?
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If you are trading breakouts on chart patterns you might want to drop the MA s and concentrate on the patterns. If you need some help visualizing the range try adding the Donchien channel indicator. Most platforms have this already installed.
Thanks will give it a try😁
No haven’t heard of it please tell me more
Jesus…A1len…that could be serious…bits could start falling off…I’d see your physician…
Hi Tale, Autochartist is available FREE via quite a few Brokers platforms, It gives a signal when patterns, pennants, flags etc. display on highlighted TF’s and pairs. https://www.autochartist.com/
Check with your Broker or Platform provider…
Hope this is of some help…And stay away from A1len… it could be contagious…
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