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AscTrend for NT7


fryguy1

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I think the setting is probably changed some, based on the pic below:

 

https://www.wintick.com/img/home/sweet_spot_1.png

 

https://www.sendspace.com/file/n4vyxa

 

.......This zip above has the .dlls , XML, template (needs fixing)......

 

****

 

Some rules below and info on setting up the guidance chart.

 

https://www.wintick.com/docs/Guidance_Chart_NT.pdf

 

Let`s use 3minute/9minute day trading chart for this example although any 2 time frames work very good including daily-weekly for longer term trading or the 1minute/3minute for faster day trading . Enter a trade on a 3 min signal IF NO OPPOSING 9 min dot. Trade with most confidence when you have the 9 min same color dot is reinforcing the trade signal (2 times frames agree - large and small dots same color) yet its still a valid trade if you have double confirmation of a blue bar and small blue dot (or red bar and small red dot). Same simple rules apply for daily weekly or any 2 time frames.

 

The closer you can buy/sell to the small support/resistance dot the lower the risk and the better the entry.

 

Its ok to enter on a green bar ONLY when the 3 minute dot , 9 minute and also 30 minute abletrend TS dot all have the same colored small dot. If use the 1min/3min guidance chart for faster day trading.

 

Exit trade when the bar turns the opposite color OR the price touches the second row of dots away from the price.

 

So use the second upper/lower row of dots for stop loss indicator and always put in your stop loss for risk control.

 

Sweet spot for trades: price moves to support or resistance (small blue or red dots) , bar goes from green then turns back to original color (blue for buy and red for sell).

 

Its best not to enter a trade when price is touching/hugging the either upper or lower band.

 

ONLY for day trading ES chart, just as a general guide it may be best not to enter a trade more than 3 points away from the small red or small blue dots therefore making it a very low risk trade or only day trading NQ it may be best not to enter a trade more than 8 points away from the small support/resistance dots yet you use whatever point value your most comfortable with because everyone has a different risk tolerance.

 

Take partial profit when price action touches the bands around the prices.

 

Be aware of daily market news and you may not want to be in an active trade at the time of big market moving news events like Federal Reserve meetings.

 

With lower volatility, beware of trading after market hours or slower trading hours.

 

****

 

Advanced Webinar - Latest to Oldest from start of 2018.

 

https://youtu.be/mWCnwdfMS6Q

https://youtu.be/qaKiwXokJdY

https://youtu.be/VZoyb4k559A

https://youtu.be/TBHu3V1fdok

https://youtu.be/ou179lKjBRY

https://youtu.be/ou179lKjBRY

https://youtu.be/1ACFoFUge00

https://youtu.be/lGwuqxgc_qY

https://youtu.be/eepucepEjbA

Edited by fryguy1
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