71# Levels for intraday trading
Levels with trend
Levels with momentum-trend
Submit by Tommy
Levels for intraday trading is an method speculative for to entry position at the predeterminated lines. There are three ways for interpretation of this method of trading:
simple, buy and sell at the levels drawen on the chart.
Trend following buy and sell in the direction of the trend.
Trend-Momentum buy and sell with histogram macd- buy - histogram > 0 sell histogram < 0.
Time frame 15 min
Currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/GBP, GBP/JPY, USD/CHF, EUR/CHF.
You can apply Levels for intraday trading at more charts in same time.
Metatrader 4 indcators setting
Real MACD 24, 48, 12.
FPT TD line or (rainbow indicator).
Trading rules Levels for intraday trading
Place an an buy stop order at the level drawn on the chart.
Protit target 3-4 pips before at the next level.
Stop loss at the previous level.
Filter trend- buy if the price is above the FPT line (or rainbow indicator)
Filter trend-momentum histogram > 0
Place an an sell stop order at the level drawn on the chart.
Protit target 3-4 pips before at the previous level.
Stop loss at the next level.
Filter trend- buy if the price is below the FPT line (or rainbow indicator)
Filter trend-momentum histogram < 0
This method of trading is suitable for martingale money management.
In the pictures Levels for intraday trading in action.