I would like to define trend first . If 20 SMA on daily is going up , trend is up.
If MACD Histogram is going up , momentum is up.
When trend and momentum are UP , trade 2 lots.
When trend is up , momentum is down , trade 1 lot.
Entry : 15 Min
On 15 minute chart , put Bollinger Bands ( 50,2) . When daily momentum is up , look for 50 SMA ( centre line) to be sloping up. You take position at centre line or near lower band .
Exit : Weekly ATR
You can add weekly ATR range to Friday's low for positional trades or big profits.
For scalping , you can book profits when 15 Min chart completes 5 swings or 5 waves denoted by red horizontal arrows.
Five swings denote 1 complete impulse wave and when this 5 swing high is taken out, market will accelerate to the upside. On break of these 5 swings also , one can initiate position .
To make things more simple , you can look for a green Heikin ashi bar at 50 SMA or near lower band for entry.
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If daily momentum is up and 50 SMA on 15M starts sloping down , means trend is changing . Stay out for a while while things again fall in place.
If you buy futures , do not forget to buy a put of strike 300 points below of futures price to protect from any unseen event .
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I tried to keep it simple and hope that you all find it easy .