By far, when looking at a chart, I focus on the mountains and the V shapes between EMA 21 and EMA 55. Indeed, that's why I'm in love with this indicator. It enables me at a glance identify them, and select my entry points.
Of course, about the entry, I make it clear : it's not linked to the color of the candle, or the arrows.
If you want to know where are the entry points, you need to understand where is the jackpot in the chart.
here is a small draw you must keep on mind :
1 : the indicator shows blue candles, which mean EMA 21 was above EMA 55. I use the highest candle of this period as the pike of the mountain.
2 : the indicator shows pink canldes, which mean EMA 21 was below EMA 55. I use the lowest candle of this period as the bottom of the V shape.
3 : Here is a jackpot area. And my entry point (BUY) is in this area too.
4 : Here is a jackpot area. And my entry point (SELL) in in this area too.
I know this is simple, and there is no such a different thing that can make me money more than anyone else.
BUT
There is a real difference. Indeed, my losses NEVER are more than 10 pips per entry point (I remember I'm in the 1 minute time frame)
And this narrow stop loss enables me use high lots.
Each day, and for each market, you'll hit 30 pips at least twice. Indeed, I've realized big trends appear randomly, but if you're at the right place a the right time you'll catch them.
I've reached quick big profits because i've always set a stop loss whenever I entered the market, and also because of those 30 pips trends.
I will post my entry points from Monday to Friday next week, if you want.
