cr to sonicdeejay
Here is a simple, nice and profitable 15M swing system that I get inspired from Raghee 's book.
A Blindly followed Moving Averages system can be very successful in trending market, but I am around here long enough to witness the failure of it, when the market goes into ranging periods.
So, I fine tuned the system with understanding of Trend line,S & R, Wave analysis and Price action, and I am getting high success rate on my position/swing trading.
I'd like to call it Sonic R.
Now, it is not the magic bullet, nothing is.
It is a simple EMA based yet effective system.
You can earn 50 to 400+ pips on a trade.
Buy
Look for the candle go above upper white line and wait till the candle ends...and put the "Buy stop" few pips above the "High" of that candle.
MACD sloping up.
Stoch pointing up.
Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.
MACD sloping down.
Stoch pointing down.
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