Stock Accurate
Learn how to use powerful indicators to improve your trading performance with this free NJ volume trading course advanced indicator. Backtest on 5 and 15 minute time frames for optimal results. The strategy uses the red and green Brax indicator, the NJ volume indicator, and price action to identify buy and sell signals. Stop loss and risk to reward ratio are also discussed. While no strategy is foolproof, this setup and strategy has yielded profitable results in Forex, cryptocurrency, and other highly liquid markets. Watch part 1 of the video for a better understanding of the setup and don’t forget to like and subscribe for more trading tips.
Discovering Successful Trading with NJ Volume Advanced Indicator
Introduction
In this video, we will discuss a complete NJ volume trading course, part 2, with four advanced indicators and strategies to help you achieve profitability in the market. We will analyze price action with the help of powerful indicators that can help avoid false entries in trading.
Price Action with Magic Indicators
The mission of the video is to empower traders to achieve profitability in the market. Trading can be a challenging and complex task, which is why we strive to provide traders with the tools and strategies they need to succeed. The method works for forex, cryptocurrency, stocks, and any other market that has a high level of liquidity. This method shows excellent results on shorter time frames, such as one minute, five minutes, and fifteen minutes.
Building Indicator Setup
In this video, we will see a strategy with NJ volume that is extremely easy and offers quick and profitable results. The NJ volume gives traders an incredible advantage, and the secret strategy will be shared with viewers for free to make good and consistent profits from trading.
Trading Tools
The red and green Brax indicator seen in the chart is called the on pivot trend line with Brax indicator. The indicator is bottom green and red bars and is called the NJ volume indicator.
Trading Setup
The strategy works well on the five and fifteen-minute time frames, and if viewers haven’t seen part one of the video, they must watch that before proceeding to part two. The pivot trend line with Brax indicator is located in the search box of trading view, and after finding it, viewers must click on pivot trend line with Brax by Han Getty option. Then, they have to change the pivot length option from 20 to 25. Another indicator, NJ volume, must be applied to the chart and the ma length option from 5 to 9. The options must be kept hidden for the setup to be successful.
Trade Execution
When the pivot trend line indicator gives traders a signal to buy, the NJ volume oscillator should be green bars and the market should close above the bull breakout line. If the market forms a bullish candle and meets these conditions, traders should place a buy order; the stop loss must be placed at the low of the previous market and the risk to reward ratio is 1 is to 1.5. The same conditions apply to a sell order, but the NJ volume oscillator should be red bars, and the market should close below the bear breakout line. The stop loss must be placed at the high of the previous market.
Trade Examples
Viewers are shown trade examples throughout the video to demonstrate trade setup and execution. The video mentions that no strategy works 100%, and losing trades must be expected from time to time.
Conclusion
Successful trading involves an emphasis on technical indicators to establish a go-to strategy and options to execute successful trades. This video helps traders understand how the NJ volume indicator can play a significant role in their trading strategy.
