Some thoughts on Price action as tracked using some indicators
a small morning speak on
1) Price action
2) Use of indicators like Money flow, SSL hybrid and Market Cipher for identifying trend entry
3) Use of ATR to help with Stoploss
Used LTC - USD as an example to indicate what to watch out for and how to use these indicators to figure out the price action and take trade.
No strategy is perfect. This is something i have analysed in the past and have been perfecting my approach. Trade with caution and backtest to see if this works for you.
1) Price action
2) Use of indicators like Money flow, SSL hybrid and Market Cipher for identifying trend entry
3) Use of ATR to help with Stoploss
Used LTC - USD as an example to indicate what to watch out for and how to use these indicators to figure out the price action and take trade.
No strategy is perfect. This is something i have analysed in the past and have been perfecting my approach. Trade with caution and backtest to see if this works for you.
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