Short term momentum pattern with a trend filter
It can be observed on charts that when a candle cuts an important support or a good move follows on the side of the breakout. The extent of the breakout differs from candle to candle, however the move on break from the level to its new is large enough to be considered as a potential profit.
1. Waiting for end of the day to initiate or exit a trade can put the account at a great risk if you are trapped on the wrong side of the move
2. Lowering the timeframe will lead to
a. whipsaws (too many failed signals)
b. active time and efforts (time spent on trading signals vs. productive work)
c. slippages (execution delays and spread)
d. charges (higher number of transactions)
We need a system which is relatively painless from the perspective of
• time invested (return on time invested)
• money spent on stock trading charges
• conservative when in losses and aggressive when it comes to letting profits run
1. Select hourly time frame (~55-60 signals per annum / ~ 5-6 per month)
2. Select “Premium SAR indicator by Alpha2Sigma” on Tradingview charting platform
1. Long Trades: When the Premium SAR indicator turns positive
2. Short Trades: When the Premium SAR indicator turns negative
1. Long Trades: When the Premium SAR indicator turns negative
2. Short Trades: When the Premium SAR indicator turns positive
1. 3x Leverage is preferred
• The indicator demonstrates trending moves and should not be used as a trading recommendation
• Active trading is not suitable for everyone
• Past performance does not guarantee future results
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