Going live with trade indicator I created and talking about the bybit btcbrawl to give some insight into the psychology of trading.
Join the team discord.gg/bsd9N9G
1 rule don’t short into support…ever you will get squeezed
With this indicator a trend reversal is key signal learn more here
Trade Trend Indicator
To get it like and message me
The Trade Trend Indicator (indicator) has been the brain child of 23 years of trading experience rolled into a simple to understand all market setup alert system based solely on 5 high probability trade set ups with a 6th high risk. The hope is to provide something that is can assist traders in building confidence in their trades with a little assistance from the indicator.
This like any and all indicators is not a be all and end to trading, yes while back tested the indicator has produced fantastic profitable results; past performance is not a guarantee of future but which with human intervention can increase the return result exponentially.
You need to be able to chart simple candle sticks and you need to have an understanding of support and resistance areas to make sense of what you are doing in trading otherwise even this indicator won’t help you.
While this may alert buy or sell / long or short entrance these are to be taken as educational points of reference and if you wish to trade you are understanding that you enter and exit at your own risk. Not many indicators will alert you to the possibility of a rogue wave spike / dump or both, this will but everything is perspective of the time frame you are on.
The indicator is designed for the 4hour time frame with trade entry on the 15min and managed on the 30min time frame. Alot can happen within these time frame but as we know not every trader can sit in front of a screen for hours at a time and this let’s one trade for swings.
Never let a second candle close beneath any of the moving support lines if long to preserve a better stop loss and reverse if shorting.
This gives you an idea of direction and magnitude but it is not a be all end all you will have to judge if volume is enough and when to start exiting a trade in your favour. When this prints exit the trade is over.
As a rule of thumb closing 1/2 trade on the cross of the golden line long or short usually leaves the trade green if the rest is above break even stopped.
A mixed signal such as a buy with a short is a possible manipulation don’t trade it for 3 candles to clear.
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The exchange we trade on : tinyurl.com/y2lagjqr
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This is not investment advice like really do I have to say that this is for edutainment
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