Trend trading is a very profitable trading method. Having the ability to easily detect the start of a new trend before everyone else is what separates top traders from the rest of the market participants.
Two Moving average rivers are used in this strategy to determine the overall short term and long term trends. The two rivers are also important dynamic support and resistance levels used to take positions in the markets.
The Latvian OBOS oscillator used in this strategy is very critical in trend following strategies and it will be used to determine accurately, the market structure.
In this strategy, since it is a trend following strategy, I want us to forget about the normal Japanese candlesticks. This is mainly because candlesticks are no longer as reliable in highly volatile markets. Instead, we shall use a special type of candlesticks known as Hull moving average candlesticks. These candlesticks will give us more reliable market entry Color coded signals when precise pattern formation conditions are met.
Also, the strategy implements a 1:3 risk to reward policy, meaning that for every $1 you risk, you stand to gain $3 per trade. This ensures that even if you make mistakes and produce a win rate of 30%, you will still be very profitable in the long-run.
So go back up top, click that enroll button and let’s start trading together, the Latvian Price Action Swing trading method with HMA candlesticks
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