TRADING STRATEGY - LONDON UNDERGOUND
ALL LINES ARE COLOR CODED TO ITS LINE NAME BASED ON LONDON UNDERGROUND
CONDITION 1) TRAIN (PRICE) ENTERS A STATION BY CROSSING THE MAIN LINE (YELLOW)
A "NEW SIGNAL" (TO BUY / SELL) TO DEPART IS SHOWN BY A PIN BAR OR TOP/BOTTOM..
CONDITION 2) PRICE COMES INTO A PLATFORM (TURQUOISE LINE) BY ONE TOUCH AND RALLY = SHORT PLATFORM, THIS MEANS THE PRICE (TRAIN) PIVOT AND BEGIN TO LEAVE THE STATION. IF THE PRICE TOUCHES THE VICTORIA LINE (TURQUOISE) AND RETESTS, THE VICTORIA LINE SHOULD EXPAND LONGER = LONG PLATFORM
CONDITION) ENTRY CONSISTS OF A (20) ATR INDICATOR, FIND THE SWING LOW AND CALCULATE THE ATR BY FINDING THE VALUE AND TIMES IT BY 2 (i.e 145 X 2 = 290) THEN PLACE A HORIZONTAL LINE ON THE SWING LOW AND ADD OR SUBTRACT OR ADD THE VALUE FROM THE ATR CALCULATION TO THE HORIZONTAL LINE VALUE.
ENTRY: ONCE YOU PLACE A POSITION, BUY TICKET AND RIDE TRAIN TO NEXT STATION.. FOR EXAMPLE IN THE PICTURE I HAVE GIVEN, WE WILL LOOK TO BOARD THE NEXT TRAIN (CLOSE POSITION) SOUTHBOUND AT HAMMER-SMITH AND CIRCLE (BLUE).
EXIT: PRICE WILL MOVE INTO THE NEXT STATION (MAIN LINE) (EXIT POSITION), PRICE WILL MOVE INTO A SHORT OR LONG PLATFORM (EXIT POSITION)
GOOD LUCK TRADERS,
CHARLIEFX
CONDITION 1) TRAIN (PRICE) ENTERS A STATION BY CROSSING THE MAIN LINE (YELLOW)
A "NEW SIGNAL" (TO BUY / SELL) TO DEPART IS SHOWN BY A PIN BAR OR TOP/BOTTOM..
CONDITION 2) PRICE COMES INTO A PLATFORM (TURQUOISE LINE) BY ONE TOUCH AND RALLY = SHORT PLATFORM, THIS MEANS THE PRICE (TRAIN) PIVOT AND BEGIN TO LEAVE THE STATION. IF THE PRICE TOUCHES THE VICTORIA LINE (TURQUOISE) AND RETESTS, THE VICTORIA LINE SHOULD EXPAND LONGER = LONG PLATFORM
CONDITION) ENTRY CONSISTS OF A (20) ATR INDICATOR, FIND THE SWING LOW AND CALCULATE THE ATR BY FINDING THE VALUE AND TIMES IT BY 2 (i.e 145 X 2 = 290) THEN PLACE A HORIZONTAL LINE ON THE SWING LOW AND ADD OR SUBTRACT OR ADD THE VALUE FROM THE ATR CALCULATION TO THE HORIZONTAL LINE VALUE.
ENTRY: ONCE YOU PLACE A POSITION, BUY TICKET AND RIDE TRAIN TO NEXT STATION.. FOR EXAMPLE IN THE PICTURE I HAVE GIVEN, WE WILL LOOK TO BOARD THE NEXT TRAIN (CLOSE POSITION) SOUTHBOUND AT HAMMER-SMITH AND CIRCLE (BLUE).
EXIT: PRICE WILL MOVE INTO THE NEXT STATION (MAIN LINE) (EXIT POSITION), PRICE WILL MOVE INTO A SHORT OR LONG PLATFORM (EXIT POSITION)
GOOD LUCK TRADERS,
CHARLIEFX
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