And so, in a bull trend, if the market pulls back to the moving average, we can fairly safely assume that it will bounce off the T3 MA and resume upward momentum, thus we can go long. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. When the fast T3 crosses the slower one from below and edges higher, this is called a Golden Cross and produces a bullish entry signal. Another System using same strategy from this popular t3 snake trading system is t3 snake v3 and v4.
Accurate T3 Snake or THV Trading System
Trading system that is suitable for traders slacker like me …. To facilitate and ensure you do not miss this important moment then add an indicator uni-cross that will display in case of crossing Arrow Up and Arrow Down to the top if there is crossing down.
Appears Arrow Up 2. Wait until the candle closed 3. Entry Buy in the next candle. Close Metatrader, you can resume other activities that you like. Check every 4 hours once, just observe the price movement …. At the time of profit, do lock profits or trailing profit at whatever level you like …. If it appears Arrow Down and valid until the candle is closed. Close Buy your position on the next candle opening. Appears Arrow Down 2. Entry Sell on the next candle.
If it appears Arrow Up and valid until the candle is closed. Close Sell your position on the next candle opening. Trust in the system … there may be times when your trading experience loss, as long as you follow the system, then the risk and reward are still very good. Another System using same strategy from this popular t3 snake trading system is t3 snake v3 and v4. You need to draw trend lines, fibs and ranges in very short time, sometimes seconds, not to mention to execute your orders.
Scalp on a demo or small micro account first before going to do some serious on it!!! Here are several assumptions:.
If the price is below the T3 Moving Average and it is edging lower, then we have a bearish trend and should limit entries to short. Below you can see it visualized in a trading platform. Thus, for the purposes of this article we will limit our entry signals only to such in trending conditions.
Once the market is displaying trending behavior, we can place with-trend entry orders as soon as the price pulls back to the moving average undershooting or overshooting it will also work. And so, in a bull trend, if the market pulls back to the moving average, we can fairly safely assume that it will bounce off the T3 MA and resume upward momentum, thus we can go long. The same logic is in force during a bearish trend. And last but not least, the T3 Moving Average can be used to generate entry signals upon crossing with another T3 MA with a longer trackback period just like any other moving average crossover.
When the fast T3 crosses the slower one from below and edges higher, this is called a Golden Cross and produces a bullish entry signal. When the faster T3 crosses the slower one from above and declines further, the scenario is called a Death Cross and signifies bearish conditions.
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