This is the only trading strategy you need to be a profitable trader. Whether you trade stocks, indices, forex, or crypto, your risk will be low compared to your reward. You will make a lot of money every month by applying this strategy. The best thing is all the two indicators you will use for this strategy are free. Happy trading.
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Disclaimer: This is not financial advice. This is an open discussion for educational purposes only. Do your own research before making an investment decision.
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Links:
https://youtu.be/A89AJawZzJ4
Tradingview: https://www.tradingview.com/chart/
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Transcript:
This is a very simple and very profitable trading strategy. This strategy can successfully be applied to different financial instruments including stocks, forex, indices, and crypto. It can be useful to day traders, swing traders, and investors. Most importantly, we need only two trading indicators to execute this strategy, and both of them are free. Let’s begin.
I am on Tradingview and I have the Nvidia chart before me. Nvidia has seen serious volatility in the last few trading sessions. In a one-minute time frame, the chart looks like this. While you may be tempted to use a one-minute chart, I never recommend this. Use at least a 5-minute chart or a 15-minute chart for day trading.
We are going to apply our first indicator to this chart. Go to the Indicators Tab, and type UT Bot created by Yo-Adrian. This gives us some buy-and-sell signals, but the chart looks very clumsy. The price is not trending. We receive several signals in an hour or two. This is not what we are looking for.
Let’s choose the 5-minute chart. It is better but still confusing. Using a 15-minute chart gives us the bigger picture. It is more accurate. But we still cannot trade. We need confirmation from the second indicator.