Tonight I’m going to trade a new plan I’ve been trying and testing. Start trading 5 hours after market opens Sunday. The 5th 1 hour candle is my starting point. I look at the previous 5 candles to get a trend up or down, if nothing is up or down I look for my sideways options, but that’s another story.
Time frames are 1 hour for Trend, 15 minute to confirm and 5 minute to enter. Uptrend; 3 moving averages align above price. (green, blue, red). Down Trend 3 moving averages align below price (red, blue, green). Trend confirmed on 15 minute time frame. Drop down to 5 minute and use a Hull moving average to enter when price moves and next candle closes above or below confirmed trend. 5 pip profit target 5 pip stop loss. From their I work the trade