Designed to trade quick momentum moves
Best suited for Day-Trading Forex
Select Time Frames / Any Market / Any
Direction
Best Time Frames: 20, 30, 45, 60, 90,
120 min.
Learn the Strategy – Paper Trade
First!
The Specialist’s Edge – Consistency
Indicators:
50-period Simple Moving Average (sma),
14-Donchian Channels.
Rules - Buys
TIME FRAMES: (Works best on 20, 30, 45,
60, 90, 120 min bars).
STRATEGY RULES:
1. Price must be above the 50-period
sma.
2. Look to buy when the close is either
at, or 1 pip below the high of the price bar. (SET UP BAR)
3. Either the SET UP BAR or the
previous bar is the lowest low of the last 5 bars.
4. Enter to buy on the next bar only,
if the price trades 1 pip above the SET UP bar’s high. (If price
does NOT trade 1 pip higher on next bar, then negate the trade).
5. Place protective stop 1 pip below
the low of the SET UP bar.
6. Sell (exit) on Range Extension of
200% and/or 300%.
Step 1
Price must be above the 50-period sma.
Step 2
Look to buy when the close is either
at,or 1 pip below the high of the price bar. (SET UP BAR)
Step 3
Either the SET UP BAR or the previous
bar is the lowest low of the last 5 bars.
Step 4
Enter to buy on the next bar only, if
the price trades 1 pip above the SET UP BAR’S high.
(If price does NOT trade 1 pip higher
on next bar, then negate trade).
Step 5
Place protective stop 1 pip below the
low of the SET UP BAR.
Step 6
Sell (exit) on Range Extension of 200%
and/or 300%.
Rules - Sells
TIME FRAMES: (Works best on 20, 30, 45,
60, 90, 120 min bars).
STRATEGY RULES:
1. Price must be below the 50-period
sma.
2. Look to sell short when the close is
either at, or 1 pip above the low of the price bar. (SET UP BAR)
3. Either the SET UP BAR or the
previous bar is the highest high of the last 5 bars.
4. Enter to sell short on the next bar
only, if price trades 1 pip below
the SET UP bar’s low. (If price does
NOT trade 1 pip lower on next bar, then negate the trade).
5. Place protective stop 1 pip above
the high of the SET UP bar.
6. Buy to cover (exit) on Range
Extension of 200% and/or 300%.
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Donchian Channels with 50 Simple Moving
Average Sell
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