Martin Upper Trendline Break (MTS) NZDCHF 4H TF

18 juin 2019

Keep an eye on the close of this candle on NZDCHF 4H TF. if it closes ABOVE the TL then it a valid setup for a trade.

Trading Strategy: Martin Trendline

Long Trade Rules
- Candle closes above green Auto Trendline
- Three green bars on Trend Meter
- Price closes above blue Momentum line
- Make sure you are above the recent resistance and there is a gap to the next resistance.
- Place stop loss at lowest wick in 8 candles
- 1:1 RR trade to find TP
- Enter Trade

ONCE IN A TRADE - MANAGE YOUR SL in the following way:

- Enter trade
- Move stop loss to 12.5% of TP once at 25% of TP
- Move stop loss to 25% of TP once at 50% of TP
- Move stop loss to 50% of TP once at 75% of TP
- Move stop loss to 75% of TP once at 100% TP
- Trade closes if 100% TP is hit

18 juin 2019

Transaction en cours

the set up is good and your TP/SL should look like this

18 juin 2019

Note

Get ready to update your SL to 12.5% and have a profitable trade, if you haven't already done so add the horizontal rays like i have then add an alert to each of them when you get the alert move the SL

19 juin 2019

Note

Hey Guys, so you should have moved your SL to 12.5% (5 Pips) when the price hit 25% or you could have exited at 25%, well done and congrats on a winning trade