Type of trader(Day Trade)
Dear trader,
This methodology based on Elder Ray indicator(BullBear_Power(13) and EMA(13)).
Then, i did some modification for my own trading system as you look at the chart
i add SMA(50;200) crossing UP or DOWN to define the direction of the market.
The market is mostly volatile is like the sea water in the ocean, especially Forex(Foreign Exchange). That is the reason why
i called it "BlueOceanStrategyFX".
It is like what i have learnt from the book about Elder Ray indicator, always remember
the slope of its EMA(13) identifies the trend and trade only in that direction.
This BlueOcean Strategy, i usually use multiple timeframes(Daily;H4;M30). Why? because i want
to make sure that i'm in the right direction of the market.
When Daily, H4, and M30 chart is DOWN, i takes only shorting signal.
when Daily, H4, and M30 chart is UP, i takes only buying signal.
This is like one of the Triple Screen Strategy by Dr. Alexander Elder.
Love It...! Yeah..!
There are two essential conditions for Buying:
1. The trend is up(identified by EMA(13) and SMA(50;200) crossed UP in Daily chart)
2. Bear Power is negative but rising
Notes. DO NOT Open Buy when Bear Power is already positive.
Best Buy signals are given by bullish divergences between Bear Power and price!!!
There are two essential conditions for Shorting:
1. The trend is down(identified by EMA(13) and SMA(50;200) crossed DOWN in Daily chart)
2. Bull Power is positive but falling
Notes. DO NOT Open Short when Bull Power is already Negative.
Best Shorting signals are given by bearish divergences between Bull Power and price!!!
K.I.S.S (Keep It Simple & Short)
if there is any question please comment me. I'll appreciate any comment from you
and i'll reply your comment as soon as possible.
"HAPPY TRADING and ENJOY LIFE"
Best Regard,
hendry(The Creator of BlueOceanStrategyFX)
