Swpinging In Style: Stress-Free Trendfollowing -

I cause written about my higher timeframe price action trendfollowing scheme in front, and many multiplication was asked to exposit a bit further connected IT, sol nowadays I wish cause just that. I trade this strategy on the 4-Hour, Time unit, Weekly and Monthly Charts and, as always, mostly with the trend, sometimes there are setups in ranges operating room in reversals as well. My chart setup looks like this…

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I usage Bollinger Bands® with a SMA period of 20 and a Deviation of 2.5, like Rolf, plus the 50 SMA and the 10 and 20 EMA's for trend direction. Then I trade pullbacks dorsum into the cu with price action. Very simple and straight bold. The Learn Profit is in 90% of cases the last swing humiliated in a downtrend or the last swing high in an uptrend. I typically have a Reward:Jeopardy between 2:1 and 5:1 and average around 2 trades a week.

I use different introduction techniques on classic Price Action bars in order to ensure a competitive RRR and always ingest my stoppage rump the Price Action bars. I also occasionally will trade ranges or reversals if the conditions are right.

When I receive trades on the H4, I will frolic them Set&ere;Forget. When I find trades on the Daily, Each week or Monthly charts, I typically scale in utilizing techniques connected the succeeding-lower timeframe.

The Terms Action bars I utilisation are pin bars, outside bars, inside bars and 2-bar reversals. To boot, I utilize Support & Resistance, Trendlines, Fibonacci ratios and Head & Shoulders (no other patterns).

Here are a few example entries from the chart above, the EURJPY, which is trending nicely at the moment.

Those are complete Pin bar trend continuation trades (Break & Retests). With the right techniques, these would raise a solid 2R or more per trade, playing them alone Set & Leave with a mechanical break-flat rule.

And here is extraordinary of those entries I love a dole out, a cluster of S/R, 50% Fibonacci and pin bars and a succession of inside bars. This gave me an easy 5R.

The Bollinger Bands® I use as a visible pass to where the price cycle is at the moment. Typically, tieback trades from around the middle of the BB are simply the best.

The beauty is the easiness of this strategy, every last you involve is solitaire and due diligence to check 60 charts every 4 hours, or notwithstandin many instruments you deprivation to trade. Flipping through all of them and scribbling down notes takes ME round 5 transactions every 4 hours so the effort is absolutely ok. Besides, I could always choose to only trade this along the Daily operating theatre higher time frames and have an even more mellow trading routine. For Pine Tree State, the perfect appurtenance to my daytrading – besides, whenever I see entries on the H4, I will very often also make up competent to feel entries along the M5 – of course, then I'll rather trade my M5 scheme, because of the enhanced RRR. More on how to scale in, how to pull off risk on multiple positions, etc. in later articles and connected Youtube in subsequent videos.

Also, check into this video I new recorded on one of the setups.