After almost 2 years of trading I created my own strategies based on big moves of price.
I looking big moves of price on H4 (4 hours), D1 (Daily), WK (Weekly) , MN (Monthly) and 3MN (3 Months) chart, then waiting on price to made correction and looking good place to open trade in direction of that Big moves.
For each of my trades I place SL order and the TP order. For most typical financial instruments on Forex I have assumption that:
if big moves of prices is from H4 chart then TP is min. 50 pips,
if big moves of prices is from D1 chart then TP is min. 100 pips,
if big moves of prices is from WK chart then TP is min. 150 pips,
if big moves of prices is from MN chart then TP is min. 200 pips,
if big moves of prices is from 3MN chart then TP is min. 250 pips.
In my strategy there are of course the SL trades, but if so will happend I’m looking next signal to place order in that same direction but with bigger position.
I trade in my strategy all possible and available instruments: currencies pairs, indexes, goods (Oil, Gold, Silver and other), shares from Germany, UK, France and US.
I prepare potential trade from my own strategy, I called it ‘20’.
The UK stock ManGroup.
Price after very big move down on H4 chart, when deleted 3 last valleys (shown on chart as blue lines), make correction up, ale now possible secound move down. I will gona looking signal to trade short on m5 chart.
I plan next trade on base the Supply&Demand strategy but again on stock, this time German DeutscPost.
Big timeframe MN trend is down. Price is now in the MN SZ and in confirmation with the descending trend line.
Wait with short trade in the D1 SZ nested in WK and MN SZ or if price not reach that zone wait on confirmation na D1.
Price after very big move up on W1 chart, when deleted 3 last peaks (shown on chart as blue lines), make correction down, ale now possible secound move up. I will gona looking signal to trade long on H1 chart.
This time trade end on full TP +400 $ and summaration of 5 level trades I earn +27 $. I must add 800 $ to Demo account because I don’t check it was possible to play minimum 1 lot.
Big moves in price on D1 chart, few days ago correction and yesterday potential signal to one more move price in that same long direction. Enter on H1 chart.
Position: 0,03 lots
SL under last valley
TP 1.25xSL
#4 UK STOCK STANDARD CHARTERED SHORT (Level 1)
Shares from Financial sector and Regional banks industry.
Again UK share to take good opportunity on short trade. Price do big move down on W1 chart, then correction and now possible secound move down. Furthermore price pullback from W1 and H4 resistance. Signal to open trade from H4 chart.
Position: 50 lots
SL above last peak
TP about 2.4xSL
