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Guide
Guide
Guide
1) From the above Image-1 this is how it looks like very easy and simple, Candle
Color is Pink and Blue. If Blue Candle start forming then trend will be up and when it
changes from Blue to Pink then trend will be down.
2) Now lets discuss in more details when to place trade. So basically there are 3 ways
to place trade here.
a) Trend Breakout.
b) Trend Continuation in 2 timeframes.
c) Trend Continuation in 3 timeframes.
Trend BreakOut:
1) Trade should be placed based on 1Hr, 4Hrs & 1Day Time Frame.
2) From the above Image-2, Blue Arrow formed which is circled in Yellow
Color, you can see Pink Candle is forming. Please wait till first Blue Candle
formed. On 3rd Point Blue Candle formed that i have shown in Image-2 then
make sure there should not be any Pink Arrow forming on the above Blue
Candle, If Pink Arrow forming/formed on the Blue Candle then avoid taking
trade. If no Pink Arrow then place trade for Buy here. And close your trade on
the next Pink Arrow, which i have circled in Yellow Color and vice versa for
sell.
3) I have shown at point 1 Candle is Pink Color, Same way if Blue Arrow
forming/formed on that first Pink candle then avoid taking trade. If no Arrow
formed then place trade for Sell.
4) At Point 2 also trend is changing from sell to buy, Same here check if Pink
Arrow is forming on the point 2 candle then avoid taking trade. If not forming
Pink Arrow then place trade for Buy.
Trend Continuation in 2 Time-Frames:
1) From the above Image-3 in 4Hrs Time Frame Area you can see Pink Arrow
which is circled in white color.From that Pink Arrow to Last Blue Arrow(which
is circled in yellow color) all candles are Blue in Color. It shows Trend
Continuation of Bullish (Blue Color) Candle. Now wait for 1 more Bullish
Candle after Blue Arrow Candle then place trade for Buy on next Blue Candle
i.e on 3rd Blue Candle (counting 1st as a Blue Arrow Candle), And Close it on
the next Pink Arrow.
2) Trade should be placed based on 1Hr, 4Hrs & 1Day Time frame only. If you
are placing trade based on 1Hr Time Frame and in 1Hr Time Frame you found
last formed Arrow is Blue Color then make sure on 30Mins Time Frame also
the last formed Arrow should be Blue Color, then only place trade or else
avoid. And same condition on Pink Arrow.
3) If placing trade on 4Hrs Time Frame and if on 4Hrs Time Frame last
formed Arrow is Pink Color then on 1Hr Time Frame last formed Arrow
should be the same Color then only Place Trade or else wait on 1Hr time
frame to be the Arrow on same color what 4Hrs time frame has right now
then place trade and vice versa for Blue Arrow.
4) And same for 1 Day Time Frame, If placing trade on 1 Day Time Frame and
on 1 Day Time Frame last formed Arrow is Blue Color then make sure on 4Hrs
Time Frame last formed Arrow should and must be Blue Arrow. Then Place
Trade accordingly. And vice versa for Pink Arrow.
5) So from the Image-3 I will be placing trade for buy based on 4Hrs Time
Frame and I am getting confirmation from 1Hr Time Frame too for same Blue
Arrow. I need 1 more Blue Candle at 4Hrs Time Frame, then will be placing
trade for Buy.