Below is a description of the strategy I use to make my analysis and description. It has proven useful for months and years.
ndicators:
20 EMA
Stochastic (8,3,3)
(Also add Relative Vigor Index RVI (9))
Time Frames:
15 minutes, 30 minutes, 1 hour.
Steps:
Locate a divergence on 30 minute-chart. Note that divergence is a popular concept in technical analysis that describes when the price is moving in the opposite direction of a technical indicator.
There are two types of divergences: Regular divergence Hidden divergence (if you are serious about learning my strategy, you have some homework here. Regular divergences signal a possible trend reversal. It can be bullish or bearish. So read more about this. On the other hand, hidden divergences signal a possible trend continuation. It can be bullish or bearish. So read more on this).
Go to the one-hour chart, ensure that the price is above 20ema.
Go to a 15-hour chart, ensure that price has not exceeded the previous one high if it is a bullish trend or previous low is you want to sell.
If the above three conditions apply, place your order or wait until the price touched the 20EMA before placing your order.
ndicators:
20 EMA
Stochastic (8,3,3)
(Also add Relative Vigor Index RVI (9))
Time Frames:
15 minutes, 30 minutes, 1 hour.
Steps:
Locate a divergence on 30 minute-chart. Note that divergence is a popular concept in technical analysis that describes when the price is moving in the opposite direction of a technical indicator.
There are two types of divergences: Regular divergence Hidden divergence (if you are serious about learning my strategy, you have some homework here. Regular divergences signal a possible trend reversal. It can be bullish or bearish. So read more about this. On the other hand, hidden divergences signal a possible trend continuation. It can be bullish or bearish. So read more on this).
Go to the one-hour chart, ensure that the price is above 20ema.
Go to a 15-hour chart, ensure that price has not exceeded the previous one high if it is a bullish trend or previous low is you want to sell.
If the above three conditions apply, place your order or wait until the price touched the 20EMA before placing your order.
