From now on I’m trying to test and get use to this new system. Let see how far it can go.
Direction
To find the direction of trend see the MA, HH LL & major resistance in 4H timeframe.
Entry
Enter into a trade in M30 when
1- Price is at or above fibo 61 for correction & at PP or fibo 38 in continuation.
2- ADR at extreme level.
3- Price is consolidation by looking at volumes.
4- Price crossed the EMA20 in the direction.
Don't
Do not open trade when price feel resistance at daily opening price.
Exit
Exit all your trades at the following
1- At opposite extrem level of ADR or,
2-Price touch the opposite fibo 61 level or,
3- Next volume consolidation level or POC.
Emergency Close
Create a stop loss at 5% of your account balance.