Thur-Fri time frame strong trend continuation
Post 2 out of 5 time frame strategy thur-friday success.
My previous post I showed an example of a time frame swing trade. This post is an example of my time frame trend continuation strategy.
At 5 pm it was safe to enter a sell. MACD histogram correlating with -D above 25 line was a strong indication of consolidation ending for a drop.
The trend played out as we see the drop. At the 12am mark all indications (MACD, ADX, currency heat waves) checked out the trend continuation so I stayed in the trade. Trend continued allowing me to formulate the trend to ride at least until 8 am.
If this was a swing I would close out at 8am however all indicators continued to confirm the downward trend. At this point you can use your knowledge to close out once consolidation sets in. I closed out after 2pm and racked in 385 pips.
My previous post I showed an example of a time frame swing trade. This post is an example of my time frame trend continuation strategy.
At 5 pm it was safe to enter a sell. MACD histogram correlating with -D above 25 line was a strong indication of consolidation ending for a drop.
The trend played out as we see the drop. At the 12am mark all indications (MACD, ADX, currency heat waves) checked out the trend continuation so I stayed in the trade. Trend continued allowing me to formulate the trend to ride at least until 8 am.
If this was a swing I would close out at 8am however all indicators continued to confirm the downward trend. At this point you can use your knowledge to close out once consolidation sets in. I closed out after 2pm and racked in 385 pips.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.