Presentation on theme: "Two main trend trading setups : MOF SLINGSHOT."— Presentation transcript:
Two main trend trading setups : MOF SLINGSHOT
I do not use buffy’s template,buffy use some more indicators and setups that I don’t use, but this presentation will show you the prime setupsenjoy
2X window : slow stocastic 21,10,4 smoothed Fast Sticastic 7,3,3 smoothed MACD window : 3 macd histograms, 7,10,5 and 14,20,10 and 21,30,15 BLINE window : bline is 35,10,1 stocastic and two more stocastics will be the “ribbons”, 9,3,3 and 5,3,3 all simple
Like any other trend trade setup, first look for a trending price action And only than go to the indicators windows
Very important aspect of the method is the higher time frame aspect. Double time frame and four times time frame will have to be “friendly”. Lets look at the slingshot example from a Higher time frame view.
Most important thing to understand is to watch out from mof or slingshot against your trade on higher time frame
So how do we enter a trade ? To enter,after gating your setup, go to a two times lower time frame and look for a non HEIKIN-ASHI ( HA ) bar. Non HA bar means a price bar that hide the HA bar (gray bars on my charts) Behind it. Lets look at the slingshot example from a lower time frame aspect.
You can also use a non HA bars for trailing stop Lets go back to the slingshot setup time frame