Hello Everyone,
This thread shall be dedicated to a very simple strategy called "UnBreakable Spears"
Core of Strategy:
This thread shall be dedicated to a very simple strategy called "UnBreakable Spears"
Core of Strategy:
- Spear refers to bursty bars (large spread) on M15 through Linear Weighted Moving Average aka LWMA(20).
- If PA turns around and flies through the beginning of spear (i.e. against my sentiment), SL shall get hit.
- IF SL is hit, other direction be followed.
- See att. chart and explanation below:
- Well spread bars on M15 burst through LWMA (20)
- Thereafter price stabilizes below LWMA indicating a short move ahead
Rules:
- No Jacking or abuse of any kind.
- If you don't like this thread, just move on. Plz don't be a pain.
Thanks for your contribution..
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