Vusi Designer
The trading strategy requires knowledge from classes 6,7 &8. Use indicators, ema, and william fractals to find valid trades between 99 EMA and 25 EMA. A valid trade between the two EMAs occurs when an indicator shows between the two lines. Traders need to be careful when trading outside the two EMAs or during a market drop of higher percentages. Combine trends and patterns to get an idea of when to trade.
Effective Trading Strategy Explained: Watch Classes 6-8 First
If you’re looking for a successful trading strategy, you need to have watched classes 6-8. The indicators you use will only be effective if you do so. Once you’re ready to start trading, you need to ensure that you’re trading between the 99 EMA and the 25 EMA. You’ll then watch for the indicator to give you a long or short signal before placing your stop loss and take profit. With this strategy, you should be correct up to 90% of the time.
Adding the Necessary Indicators with Trading View
To get started, add the necessary indicators to your trading view. Click on trading view and then add the EMA indicator. You’ll need to add it twice. If you’re using the basic plan, keep in mind that it only allows three indicators at a time. However, you can add indicators to favorites for easy access. After you’ve added the 25 and 99 EMA indicators, you can add william fractals.
Getting Setup with Williams Fractals
Once you’ve added william fractals, you’ll need to configure the indicator. Right-click and select dim to black. Then, click on the settings icon and click on input. Change the number to 25 and click OK. Do the same for the 99 EMA, but adjust the style as desired. After you’ve made these changes, copy the settings from your other chart. This will allow you to use the same input and style across both charts.
Understanding How to Use the Indicators
To use the indicators, look for a buying signal in between the 25 and 99 EMA indicators. Once you’ve found one, you can place your trade. You’ll also want to be aware of any trend lines forming on the chart to ensure you’re trading within the correct channel. Keep in mind that some signals may be invalid if the market has already dropped significantly.
Viewing Real-Time Examples
To illustrate this strategy in action, we can look at the BTC USD chart. We can see that there were several profitable trades in recent months thanks to the indicators and channel trading strategy. However, it’s important to remember to exit trades or use trailing stop losses when necessary.
Combining Strategies for Optimal Results
While this strategy can be highly effective, it’s also important to combine it with other valuable trading techniques. For example, the ultimate guide to chart patterns can help you become more knowledgeable about reading charts and identifying trends. By combining various strategies, you can increase your overall success as a trader.
Wrapping Up
Using the right strategy and indicators can lead to profitable trading results. By taking the time to learn and apply effective techniques, you can maximize your returns and minimize your losses. Remember to stay up-to-date on the latest trading news and to always be open to learning new strategies to improve your trading game.
