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Download 15-Min-TF-Trading: indicators & PDF & templates by pressing the link below . . . 1) Open 15 min chart of G-J; change to candlesticks; enlarge as much as possible 2) Add Parabolic SAR, default settings; 3) Add 5 LWMA (close price); this is the signal line 4) Add 20 LWMA (close price); 5) […]
15-Min Time frame Trading
indicators & PDF & templates by pressing the link below . . . 1) Open 15 min chart of G-J; change to candlesticks; enlarge as much as possible 2) Add Parabolic SAR, default settings; 3) Add 5 LWMA (close price); this is the signal line 4) Add 20 LWMA (close price); 5) Add RSI (5); add levels 10, 20, 70, 80
1) As a general rule, I enter a trade when RSI is between: -70 and 80, but preferably above 80 if I go short, and -20 and 10 but preferably below 10 when going long. 2) I also look at the candles pattern and enter ONLY if I see a trend reversal pattern. Be careful, enter if BOTH 1) and 2) are present at the same time.
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