After losing a few times using Mouteki Trading I decided to play around with some other indicators.
I noticed that when you add the 10 EMA and 5 EMA that you can find a 80-90% accurate way of making a trade.
This is what you need:
3 or 4 hour chart
Any pair (so far that I tested)
Locate the last two supports or resistance points
Ok, locate the last two support or resistance candles and connect with a trendline. If a new support or resistance point occurs you MUST RE DRAW THE TRENDLINE.
now, when the candle breaks above or below the line AND the 10/5 EMA cross within’ 1-3 candles then you have a good indication to go long or short.
Please see my example here and tell me what you think.
Notice when the lines cross and candle breaks the trendline that it’s a nie little indicator of a trade.
I tried to label them on paint but it wouldn’t upload here. I will try again later if anyone is interested.