Combination of 3 Supertrends - works like magic

In the previous post, I discovered a supertrend strategy. That is, buy on the first pullback after a green up Trend Arrow indicator is formed. 

The problem is, I still don't know when to enter Because I don't know how much the pullback should be.

Today, I found a better strategy. One with a clear entry point.

The strategy uses 3 supertrends with the following set up... Period/Muliplier
  • 7/3
  • 10/3
  • 11/2
Rule...
  • Buy signal: three green arrows crossing all the three supertrend lines in the upward direction.
  • Sell signal: three red arrows crossing alltall the supertrend lines in the downward direction.
  • Stay in the trade as long as the trend line is above or below the price.
  • Set a stop loss on the nearest super trend line.
  • Switch between three time frames to ensure of the flow.
Side note...
  • There can be a green arrow between the three red arrows.
  • Use candlestick chart. 
  • On the last arrow the candlestick must close. 

Best intraday time frame set up...
  • 5 minutes
  • 10 minutes
  • 15 minutes


Comments

Post a Comment

Popular posts from this blog

Do Traders Make More Money Than Investors

Trading has come to a grinding halt. All my disposable capital is stuck in a market that is not moving up. I can't even buy anymore when they are down. I just have to sit and wait for the day COVID-19 vaccine is available.  That's when the market will shoot up. Now I know why traders cut losses. So I guess I am not a trader but an investor. A long term investor... 12-year investor to be exact. The financial crisis seems to come every 12 years.  I don't have much of 12 years left ahead of me. It's time to become a trader. So... Do Traders Make More Money Than Investors? Basically, both will make as much money. The trader makes the money faster, maybe in minutes, but more stressful. They buy to sell. They cut losses. The investor makes the money slower,  up to decades, but more relaxed. They buy to hold. They hold losses and hope. Source:  https://www.quora.com/Who-makes-more-money-traders-or-investors Adrian's Journal The rookie trader
Read more

Seatrium Limited share consolidation: What are the implications

What are the details and implications of the recent share consolidation for Seatrium Limited? If you are currently holding Seatrium shares after the latest consolidation, here’s what you need to know: Share Consolidation Details: Seatrium Limited (formerly known as Sembcorp Marine) has proposed a 20-to-1 share consolidation. This means that every twenty (20) existing shares you held before the consolidation will be consolidated into one (1) consolidated share. Fractional entitlements will be disregarded, and each consolidated share will rank pari passu with each other.  Trading in the consolidated shares on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) will occur in board lots of one hundred (100) consolidated shares.  Shareholder Approval: The proposed share consolidation is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) scheduled for 26 April 2024.  Seatrium will issue a letter to shareholders containing details about the
Read more

How Stock Market Software Puts You on the Same Level As Pro Traders

Image
Image via Wikipedia Investing in the market obviously carries a degree of risk for anyone who chooses to invest in it, there's no question about that. If you're experienced at analyzing market data then you typically know how to anticipate the market and have an idea about what is due to be profitable. That's not to say that these traders do not occasionally use a little help, and this comes in the form of computerized stock market software . This technology is now available to the masses thanks to a handful of techies and software designers, so here is what you should know about stock market software so that you can trade like the pros. How stock market software works is that it puts past trend data against real time market data. It makes use of mathematical algorithms which look at the factors which led to successful trends of the past, then apply it to current real time market data to identify similarities to further investigate because the market moves in cycles a
Read more