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Master The Market Top 10 Proven Strategies For Consistent Trading Results by LonghornFX 2
Master The Market Top 10 Proven Strategies For Consistent Trading Results by LonghornFX 2
L O N G H O R N F X . C O M
INTRODUCTION
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03/14
L O N G H O R N F X . C O M
05/14
STRATEGY RULES:
1. Scan the intraday timeframes for outsized “monster” candles (an unusually big
market move)
2. The outsized “monster” candle can be defined as a much taller candle than the
preceding candles;
3. The outsized candle should be at least 3 times taller than the average candle of
the preceding 15-20 bars.
4. So if the preceding average candle is 30 pips, then the monster candle needs to
be at least 90 pips or more.
5. Then, look for a full rejection and reversal of the monster candle - this is the signal
to take a trade in the opposite direction.
6. Place the stop behind the most recent high/low; this will usually be of the monster
candle
7. Place the profit target at the same distance as the outsized candle in the opposite
direction
Important note: the monster candle should be reversed after a maximum of around 20
candles; if it’s reversed after much longer than that, then the setup would be cancelled.
06/14
The strategy is based on volatile market moves; thus, it sometimes can require
larger stops.
The larger stop loss means that you can reduce your risk by lowering your
position size (as should always be the case)
The good news is that once the entry is triggered (as per the above conditions),
the probabilities are quite good that the target will be reached.
07/14
L O N G H O R N F X . C O M
08/14
By simply scanning only for verified Support/Resistance zones, the odds for success are
increased.
Important note: The Stochastic settings are 13,3,5 instead of the standard 5,3,3.
09/14
A weaker (unverified S/R) that’s not been tested at least twice is more likely to result in
false signals from the Stochastic on the lower trigger timeframe. This is why the
conditions for this strategy are to look for at least 3 tests, or more, of the given
support/resistance.
10/14
L O N G H O R N F X . C O M
11/14
The Williams Alligator indicator enables us to pick the start of new trend legs, or swings,
as are called in swing trading. The RSI adds an extra layer of confirmation. First, we are
looking for the RSI to show bullish divergence before the Alligator indicator makes a
bullish crossover. This tells us that the previous move down has lost momentum, and the
market is ready to turn bullish. The Alligator gives the final signal and is the trigger for an
entry (if the RSI conditions are satisfied as described below).
STRATEGY RULES:
First, look for bullish divergence on First, look for bearish divergence on
the RSI the RSI
Then, the Alligator indicator needs Then, the Alligator indicator needs
to make a bullish crossover of its to make a bearish crossover of its
lines (green crosses above the other lines (green line crosses under the
two lines) red and blue)
Finally, the RSI should be above 50 Finally, the RSI should be below 50
(indicating market momentum is (indicating market momentum is
bullish) bearish)
But the RSI should not be higher than But the RSI should not be less than
70 (as this would be overbought) 30 (as this would be oversold)
Exit when Alligator crosses back Exit when Alligator crosses back in
below (the green line crosses into the other direction (green line
either or both other lines above either or both other lines)
12/14
HELP@LONGHORNFX.COM
Important note: The settings of the RSI are modified to a period of 30, instead of the
default RSI, which has a period of 14.
13/14
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