this technique works best when the trend is moving up or down, sometimes the calls made on the mid line during sideways can be risky but with other TA such as EW, Fib and MA/EMA you should be able to gauge where you are and use this method as confirmation to your trades.
using bars; we are waiting for the bar to close above (long) or below (short) the mid 20ma or 21ma, once the bar has closed the signal to short or long is confirmed.
the potential profits shown after the bar closes with confirmation are shown in the green box. obviously when there is clear trend the profits are decent, during sideways they are smaller but it would be down to you to use other indicators and the lower and upper bbands to gauge when to enter if not already in a trade (or get out if youve made the wrong call).
have a look and see if it works for you. enjoy
using bars; we are waiting for the bar to close above (long) or below (short) the mid 20ma or 21ma, once the bar has closed the signal to short or long is confirmed.
the potential profits shown after the bar closes with confirmation are shown in the green box. obviously when there is clear trend the profits are decent, during sideways they are smaller but it would be down to you to use other indicators and the lower and upper bbands to gauge when to enter if not already in a trade (or get out if youve made the wrong call).
have a look and see if it works for you. enjoy