Determine the trend formation on the daily chart, and ride the flow steadily on the 15-minute chart! Short-term buying and selling using our proprietary indicator [Nobushi]

Nobushi’s Profile

A current dentist and discretionary trader. 10 years of FX experience. Selling original indicator "Winner" on GoGo Jungle. Loves travel and casinos.

Twitter:https://twitter.com/nobushi_fx

Winner sales page:https://www.gogojungle.co.jp/tools/indicators/17623/

Key Points of the Method

• Strategy: In the direction of the daily trend, buy on dips and sell on retracements using the 15-minute chart
• Trading timeframes: daily, 15 minutes
• Technical: Trend lines, custom indicator Winner

New

• On the daily chart, confirm an uptrend with “new highs,” “trendline break,” “200-point reversal,” and “Winner analysis”
• Enter long on the second Winner signal appearing on the 15-minute chart

Stop Loss

• If a contrary Winner signal appears on the 15-minute chart, take a loss. Also set pre-determined stops at 20–30 pips and be mindful of highs and lows

Take Profit

• Close when 10–20 pips of profit have accumulated

※This article is a reprint/re-edition from FX攻略.com June 2020 issue. Please note that market information described in the text may differ from current market conditions.

※Here, long positions in rising markets are assumed and explained. In falling markets with shorts, the rules are reversed.

Capture the Trend on Daily Chart, Time It with 15-Minute Chart

Nobushi’s trading method combines simple chart analysis with the original indicator “Winner.”

First, analyze the daily chart using four conditions—“new highs,” “trendline break,” “200-point reversal,” and “Winner”—to determine if a trend is forming.

If a trend is recognized, target the second wave of Winner on the 15-minute chart. The second wave also issues signals on the chart.

Profit-taking and stop losses are determined in advance by price ranges, looking at recent highs/lows and Winner signals, and responding flexibly.

Initially, 200-point reversals can be a criterion; practice with USD/JPY and EUR/USD.