* Identify the major trend if there is.(5h /Day/Week)
* Trade only on the side of the major trend.
* If there is 60 min counter trend wait for it to end.
* If 5h is flat then use the 5h bollinger bands to trade long and short.
ENTRY SETUP for long trades:
* 5h not Overbought.
* 60 min MACD oversold and breaking up(flattening/histograms are getting smaller) and 30 min MACD breaks up// or 60 min breaks up and 60 min MACD is not overbought
* 30 min MACD is not overbought.
* There is a significant stop within 0,5% with a candle formation.
ENTER when:
5min MACD is not overbought.It has to be close to zero or negative.
STOP when:
* Stop is broken with two successive 5min candles.
* 60 min MACD turns negative(In case it is extremely close(%0,2) to the Stop, wait for the stop to be taken out.
EXIT when:
* if 60 min MA20 is above 60 min MA 50, first exit when market closes below MA20. Second exit when market closes below MA50.
* if 60 min MA20 is below 60 min MA 50, irst exit when market closes close to MA50. Second exit at the counter bollinger band.
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