My Trading Journey
A trader shows a profitable indicator on Trading View for day and swing trading. They go over the settings and strategy to use with the indicator. The key to success is being patient and waiting for the right opportunities.
Day Trading and Swing Trading: The Most Profitable Indicators You Need to Know
Introduction: The Most Profitable Indicator for Day Trading and Swing Trading
Are you looking for the most profitable indicator for day trading and swing trading? Look no further! In this video, we will introduce you to an indicator that has a high win rate when used properly. We found this indicator on Trading View and it has been super effective for day traders and swing traders alike. In this article, we will go over the settings you need to adjust, the way to set up your charts, and the strategy we use for this indicator. We will also provide examples so you can see how it works in action.
Adding the Indicators: SSL Hybrid, QQE Mod, and Exponential Moving Average
Step number one is to add the indicators. The first indicator we recommend is the SSL Hybrid, created by Michael00. Next, add the QQE Mod, and finally, add the exponential moving average (EMA). Adjust the EMA to be a darker color and a 200-period EMA. This is because when the price is above the 200 EMA, we are looking for buy opportunities. When the price is below the 200 EMA, we are looking for sell opportunities. Once the indicators are added, make some edits to make the graphs look cleaner and easier to read.
Strategy: When to Take Trades Using the SSL Hybrid Indicator
We have a few things we look for when deciding to take a buy or sell trade. When taking a buy trade, we want the price action to be above the trend line and the price to be above the 200-day EMA. Additionally, we wait for an arrow signal and candle confirmation that the price will go up. Lastly, the QQE Mod indicator needs to be blue. If all these things align, we enter into a buy trade. Conversely, for sell trades, the price action needs to be below the trend line and the price needs to be below the 200-day EMA. We then wait for an arrow signal and candle confirmation that the price will go down. Lastly, the QQE Mod indicator needs to be grey or red. If all these things align, we enter into a sell trade.
Examples: Using SSL Hybrid Indicator on Apple and Forex Trading
Let’s take a look at some examples to see how the indicator works in action. Looking at Apple’s chart, we can see that the price is always above the 200-day EMA, so we can’t analyze it for a sell trade. But for a buy trade, we can see that the trend line and price action are above the 200-day EMA, and there is an arrow indicating a buy opportunity. Using this strategy, we can enter into a buy trade and ride the price up. We can also apply this strategy to forex trading. For example, the EUR/JPY daily chart shows a great buy opportunity when the price action, trend line, and QQE Mod align.
Conclusion: Patience is Key
In conclusion, the SSL Hybrid indicator is an effective tool for day trading and swing trading. By following our strategy and waiting for the right conditions to align, you can increase your chances of success when executing trades. Remember, patience is key. Don’t rush into trades that don’t meet all the requirements. Take your time and wait for the perfect trade. Keep an eye on our channel for more educational and entertaining content featuring different strategies and indicators for day trading and swing trading. Don’t forget to like and subscribe!
