thekarasystem

TKS::INDI:The Svan Neck

The Svan-Neck is a fixed EMA-200 Trading channel, which is set to 4 and 6 hours. The reason why it is fixed is because the big timeframes are still very important to consider. e.g. It could be that the price moves for a long time above both EMAs but it shows a bearish divergence (e.g. OBV, RSI , etc). If divergences play out depends - among other factors - on the stretch of a bull run, thus it is essential to use bigger time frames (i.e. The Svan Neck is a trend-following indicator used for a multi-timeframe analysis.).

How to Trade?

One could use a 2 Position entry system. If the price drops in the uptrend to EMA-4H-200-HIGH one could buy in the first time. The next buy in is on the bounce of the EMA-6H-200-LOW. The first trade is closed if the previous ATH is reached. The second could continue while the SL is being trailed. The SL for Position 1 is 2.5ATR below the EMA-6H-200-LOW. The SL for Position 2 is the same.

The same applies for a downtrend.

After the Svan Neck is touched multiple times in a short time frame, it's a choppy market and you should rely on other indicators until a confirmed trend is visible.

Enjoy the profits.
The Kara System.
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