Be strategic, Avoid Traps, and Consolidation
This idea links to other ideas called Buy and Sell. This strategy is about 90% to 95% win rate.
I'm adding an oscillator to help with that area where a trader can avoid traps, consolidation, major losses, etc.
I've created two scenario ideas.
In this case, relating to both sides, a trader enters a trade after already confirming entry. But they don't realize it's a trap. The oscillator can help offset having to wait for sell confirmation.
Please view carefully what this oscillator does:
Helps read reversals and divergence
The oscillator's first red column is to be used to help exit the trade rather than having to wait for sells label and plot crossover. View both examples.
Pay attention to:
1. Buy label but not confirmed for entry
2. Green wave above orange and yellow confirms entry
3. View both red divergence trend lines from candlesticks and oscillator
4. As you read divergence, view yellow and orange plot waves and view the price BTC might fall
5. Realize the Green wave is too far apart from the orange and yellow waves and BTC is headed
downward.
Why am I using this strategy?
Because the entry was not long ago and the trend is starting to dip so I must react quickly.
Why should I react rapidly?
1. Diverage in process
2. My profit is not much to have a good space to stay in the trade longer
3. The oscillator column is red for exit
or
I can remain in the trade at a greater RISK.
As you learn divergence and reversals you'll catch the fall sooner than having to wait for the red column. All this is due to the major fact, that you bought early and the dip is beginning to fall.
Anything else I might have missed, I'm not responsible. Backtest it, and do your research. This is not intended for financial advice. Agreeing to use this tutorial strategy, means you are solely making your own decisions to enter and exit a trade. You also agree not to hold me responsible in case of financial loss.
The Buy, Sell, and Waves have specific settings to make it work. I'm only sharing input settings for those who request along with indicator names. I'll private message you with them.
Any trader making changes to these two indicators must know, that trading is a risk and profits are not guaranteed. Nothing in trading is 100% guaranteed to win.
I'm adding an oscillator to help with that area where a trader can avoid traps, consolidation, major losses, etc.
I've created two scenario ideas.
In this case, relating to both sides, a trader enters a trade after already confirming entry. But they don't realize it's a trap. The oscillator can help offset having to wait for sell confirmation.
Please view carefully what this oscillator does:
Helps read reversals and divergence
The oscillator's first red column is to be used to help exit the trade rather than having to wait for sells label and plot crossover. View both examples.
Pay attention to:
1. Buy label but not confirmed for entry
2. Green wave above orange and yellow confirms entry
3. View both red divergence trend lines from candlesticks and oscillator
4. As you read divergence, view yellow and orange plot waves and view the price BTC might fall
5. Realize the Green wave is too far apart from the orange and yellow waves and BTC is headed
downward.
Why am I using this strategy?
Because the entry was not long ago and the trend is starting to dip so I must react quickly.
Why should I react rapidly?
1. Diverage in process
2. My profit is not much to have a good space to stay in the trade longer
3. The oscillator column is red for exit
or
I can remain in the trade at a greater RISK.
As you learn divergence and reversals you'll catch the fall sooner than having to wait for the red column. All this is due to the major fact, that you bought early and the dip is beginning to fall.
Anything else I might have missed, I'm not responsible. Backtest it, and do your research. This is not intended for financial advice. Agreeing to use this tutorial strategy, means you are solely making your own decisions to enter and exit a trade. You also agree not to hold me responsible in case of financial loss.
The Buy, Sell, and Waves have specific settings to make it work. I'm only sharing input settings for those who request along with indicator names. I'll private message you with them.
Any trader making changes to these two indicators must know, that trading is a risk and profits are not guaranteed. Nothing in trading is 100% guaranteed to win.
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Comment:
Comment:
The Buy and sell strategy does not indicate to sell on a 30min. Large gap in between green plot with orange and yellow waves as long as that trader bought in early, this is how it’s used: buying in early not late. This way a trader can remain in the trade with great profits for a pullback while watching a movie.
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