Intraday trade set ups

[oilfxpro]

The triple moving average set up.
Place lwma 8,18 and 30 on 30 minute charts.
Stop 10 pips outside lwma 30.
When all three moving averages are facing in same direction , and previous trend line is broken , enter trade .
Trail stop below preceding through or above preceding peaks.

Works on all instruments

 

[oilfxpro]

Works on dax

 

[oilfxpro]

works on oil

 

[oilfxpro]

4 hour trend lines are where majority sellers /buyers are , these lines are areas where price is often overbought in down trends or oversold in up trends.They offer high risk reward ratio entries.

 

[oilfxpro]

trend retracement method

 

[oilfxpro]

Quote from oilfxpro:

trend retracement method

Alternative is to sell price action resistance set ups , with a 20 pip stop

 

[oilfxpro]

Quote from oilfxpro:

trend retracement method

alternative is to buy price action support set ups at trend lines.

 

[oilfxpro]

Sell trend line retracements rejection/failures to trend lines

 

[oilfxpro]

Quote from oilfxpro:

Sell trend line retracements rejection/failures to trend lines

Buy retracements to up trend lines

 

[oilfxpro]

50 pips today from several trend retracement set ups.Always trade with trend lines and trending set ups , they have an edge.