Maximizing Returns with LBLS Indicator: Strategy Session 2
Welcome to the LBLS (LongBuyLongSell) Strategy Series Session 2!
In this session, we dive into the next strategy of the LongBuyLongSell indicator to optimize your trading strategy.
This strategy is very simple and very effective strategy to be used in any market .Here is an example of Bitcoin BTCTUSD in 210 minute time frame .
The indicator is available here :IndicatorLink
Just look at the chart ,Rest i will explain below.
Now in this strategy ,we will take Long or Short with the help of Background Colour. This is called Background Signal Strategy .
Long When Background colour changes from Red to Green.
Short when Background colour change from Green to Red.
Exit when opposite colour appears or exit when any other exit signal comes in the chart.
Examples:
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Entry and Exit (On Background )
Long Entry :
Extra Tipis : Check the volume momentum to take Early entry of Long or Short.
Refer the blow for more details .
The volume is above the previous volumes hence long can be initiated well in advance.
Stoploss can be set at Red and Green Support and Resistance line shown in the picture .
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