Day Trading Strategy with The 3 Line Strike Indicator on Tradingview

Day trading is no easy thing to do, but having the right strategy is a good place to start!

In this video, we breakdown a simple trend continuation strategy built off of the 3 Line Strike scalping strategy (with some changes).

00:00 About the Strategy
00:45 Indicators
01:37 Trade Signal Examples
05:42 Exit Indicator Concept
06:28 Don't Put All of Your Eggs in One Basket!
07:41 Protect those Profits!
08:54 Indicator Settings and Inputs

Aspects of this Strategy:
-Trend Continuation
-Discretionary on Tradingview
-Based on a 1 Hour Timeframe or higher

Trade Management:
2+ Trades per Position
-Consider Closing at least 1 trade (depending on where it is relative to entry) when seeing the opposite signal
-Consider moving stop loss to break even on opposite signal

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Disclosure of Material Connection:
TrendGenY may have an affiliate relationship and or other material connection to any persons or business mentioned in or linked to the content above, and may receive commissions from purchases you make on subsequent websites. You should not rely solely on information published by TrendGenY to evaluate the product or service being offered.

Best Volume Indicators:

Picking the RIGHT Indicator:

The BEST Indicator You've Never Heard of:

Tradingview Indicators

3LS:

Trading the Trend:

RSI Bars (Candles):

Variable Index Dynamic Average (VIDYA):

Range Identifier:

Disclaimer: Trading in any market carries a high level of risk and is not suitable for everyone. Any ideas, analysis, content, or information contained in this video does not constitute investment advice. You trade at your own risk. Always remember that past performance is not indicative of future results.

TrendGenY reviews the most profitable trading strategies, the best trading strategies, the best indicators, and the best money management strategies, so that beginner traders and traders of all levels are able to find new ideas to consider implementing into their own trading strategy.

Much of what we will also go over in this channel includes the following:
How to make money in forex (fx market), stocks, crypto, using techincal analysis on platforms like tradingview and mt5 (metatrader 5)
How to create profitable trading strategies and trading systems by combining different indicators, price action, fundamental analysis, and proper risk management and trade management.
How to profit from cryptocurrency trading, forex trading, stock trading, investing, etc... by persevering with effective trading psychology.

We will also evaluate and analyze popular indicators, strategies, and other content promoted or signaled by well known influencers such as The Secret Mindset, The Trading Channel, The Moving Average, No Nonsense Forex, Trade IQ, Online Trading Signals, My Trading Journey, etc…

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[joecortez]

As always, very helpful videos. I mostly work on indices. Noticed that most videos on indicators focus on forex, crypto and stock but very few on indices. Have a great day.

[spencerlove]

Which Rsi bars are you using? On tradingview I see two and one doesn't allow me to use it. It says an error