[Anyone Can Understand Buy Signals] The basic method of popular YouTubers is moving averages + order volume; a rational trend-following trading method judged by order flow [Kani Trader]

Note: This article is a reprint and revised edition of an article from FX Institute Magazine May 2019. Please note that the market information described in the text may differ from the current market.

Profile of the Kraken Trader

Crab Trader. Started YouTube Live on January 15, 2018. Streams all 12 hours from daytime to midnight of his own trades live. With the themes "Make money, in front of your eyes" and "Make money, in front of you," he publicly shows every limit order, stop order, and entry every day.

Twitter：https://twitter.com/keibakinma

Strategic Points

• Technical: 200 SMA, OANDA's order book
• Trading time frame: 5-minute chart
• Pairs to target: USD/JPY, EUR/USD, EUR/JPY, AUD/USD, AUD/JPY
• Advantages of this strategy: Can read price reversals and continuation trends

Judging the trend with moving averages and watching order flow to buy and sell

New position

• Candles are moving above the 200 SMA
• Buy dips in price ranges with many buy limit orders and few sell stop orders

Settlement

• Take profits in price ranges with few buy stop orders and many sell limit orders
• If the price falls below a price range with many buy orders, cut losses

Note: The “Strategic Points” and the main text assume a rising market and long positions. In a declining market for shorts, the rules are the opposite.