Megaphone Price-Swing Strategy:
The Megaphone Price-Swing Strategy is a price action strategy that works with the breakout of high or low price of the candlestick at the end of a trend. This strategy can be used to identify the swing high or swing low point in a major or minor trend.
The strategy is free of indicators and can be used on higher time frames and on any Forex currency pair or Volatility Index asset.
Just like fisher price swing megaphone strategies.
Daily time frame is ideal for this strategy.
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How to use this strategy:
Step 1: Identify a trend on MT 4 chart (this can either be an uptrend or a downtrend).
Step 2: Wait for the formation of a new candle bar at the end of the trend whose price will break the high price or low price of the previous candle bar.
In the image below (for a downtrend), the current candle bar price has a higher price than the first previous candle bar high price.
Step 3: Draw trend lines and connect the close price of the second previous candle bar to both ends of the first previous candle bar.
Use trend lines to connect the close price of the 2nd previous candle to the high and low price of the 1st previous candle as shown in the image below.
Step 4: Draw two more trend lines and connect the close price of the second previous candle bar to the open and close price of the first previous candle bar.
In other words, use trend lines to connect the close price of the 2nd previous candle to the open price and close price of the 1st previous candle as shown below.
Uptrend Price Movement:
Downtrend price movement:
The megaphone shape is now ready as shown in the image above (it is divided into three triangles).
Step 5: Identify the price retracement/reversal zone or the trend continuation zone. In the image below, in a downtrend as shown below, if the current candle bar price closes in the green megaphone zone, then retracement or reversal of the down trend price movement may occur.
On the other hand, if the current candle bar price closes in the red megaphone zone, price may continue downtrend price. If the current candle bar price closes in the white zone, then price may consolidate/range for some time before entering the green or red zone.
How To Place Buy Trades:
In a downtrend, ensure that the current candle (breakout candle) has just established a high price that is higher than the previous candle high.
Enter Buy trades if the breakout candle bar closes in the upper triangle (green area). Place buy trade at the close price of the breakout candle as shown in the image below.
How To Place Sell Trades:
In an uptrend, ensure that the current candle (breakout candle) has just established a low price that is lower than the previous candle low.
Enter Sell trade if the breakout candle closes in the lower triangle (red area). Place sell entry at the close price of the breakout candle as shown in the image below.
Neutral Zone:
Stay action in the white triangle zone and wait for price to close in the red or green triangle.
Stop-Loss Placement:
For buy trades, stop-loss point will be at the low price of the 1st previous candle.
Stop-Loss for Buy trade = Breakout Candle close price – 1st Previous candle low price
For sell trades, stop-loss point will be at the high price of the 1st previous candle.
Stop-Loss for Sell trade= 1st Previous candle high price – Breakout Candle close price.
Take Profit Placement:
Placing take profit varies for each time frame. The higher the time frame, the bigger the take profit value.
For Buy trade, if the amount of pips between the Breakout Candle close price and the 1st previous candle low price is X, then take profit may be at least 1.5 X.
For Sell trade, if the amount of pips between the Breakout Candle close price and the 1st previous candle low price is X, then take profit may be at least 1.5 X.
Advantage Of Megaphone Price-Swing Strategy:
The main advantage of using this strategy is that it users to identify the point of price rejection.
The strategy also identifies the area of support and resistance as well as point of swing high and swing low.
To Reduce The Trend Line Rays On MT 4 (PC):
Megaphone Price-Swing Signals:
GBPCHF 7TH JULY 2022:
EURJPY 19TH JUNE 2022:
EURGBP 19TH JUNE 2022:
GBPJPY 19TH JUNE 2022:
AUDUSD 19TH JUNE 2022:
USDJPY 19TH JUNE 2022:
EURCAD 14TH JUNE 2022:
AFTER
GBPCHF 11TH JUNE 2022:
EURJPY 27TH MAY 2022:
USDCAD 27TH MAY 2022:
V75 7TH MAY 2021:
SCOPE FOR 19 SEPT 2020:
SCOPE FOR 08 APRIL 2020:
EURUSD…
Megaphone Price-Swing Strategy (TUE 23 JUL 2019 20:30 GMT):
AUDNZD…
Megaphone Price-Swing Strategy (TUE 23 JUL 2019 20:16 GMT):
USDJPY…
SCOPE FOR TUE 9 JUL 2019:
Megaphone Price-Swing Strategy (TUE 9 JUL 2019 16:24 GMT):
BTCUSD…
Megaphone Price-Swing Strategy (TUE 9 JUL 2019 14:18 GMT):
USDCHF…
SCOPE FOR MON 8 JUL 2019:
Megaphone Price-Swing Strategy (MON 8 JUL 2019 12:18 GMT):
GBPUSD…
AFTER
Megaphone Price-Swing Strategy (MON 8 JUL 2019 10:41 GMT):
EURUSD…
AFTER
Megaphone Price-Swing Strategy (SUN 23 JUN 2019 21:43 GMT):
EURJPY …
CHFJPY 4HR CHART, 21ST MAY 2019 (TUE 06:59 GMT):
CADJPY DAILY CHART, 21ST MAY 2019 (TUE 06:39 GMT):
CHFJPY DAILY CHART, 12TH MAY 2019 (SUN 22:06 GMT):
CADJPY DAILY CHART, 12TH MAY 2019 (SUN 21:36 GMT):
EURJPY DAILY CHART, 12TH MAY 2019 (SUN 21:36 GMT):
USDCHF DAILY CHART, 12TH MAY 2019 (SUN 21:17 GMT):
USDCHF 4H CHART, 7TH MAY 2019 (TUE 22:29 GMT):
EURAUD DAILY CHART, 5TH MAY 2019 (SUN 20:15 GMT):
USDCAD DAILY CHART, 5TH MAY 2019 (SUN 19:58 GMT):
AUDCHF DAILY CHART, 1ST MAY 2019 (WED 15:11 GMT):
AFTER
EURJPY DAILY CHART, 29TH APRIL 2019 (MON 22:23 GMT):
EURUSD DAILY CHART, 29TH APRIL 2019 (MON 22:14 GMT):
AFTER
NZDUSD DAILY CHART, 29TH APRIL 2019 (SUN 00:19 GMT):
NZDJPY DAILY CHART, 28TH APRIL 2019 (SUN 23:59 GMT):
AUDCHF DAILY CHART, 28TH APRIL 2019 (SUN 23:52 GMT):
AUDCAD DAILY CHART, 28TH APRIL 2019 (SUN 23:43 GMT):
AUDUSD DAILY CHART, 28TH APRIL 2019 (SUN 23:36 GMT):
AFTER
GBPUSD DAILY CHART, 28TH APRIL 2019 (SUN 23:19 GMT):
AFTER
XAUUSD DAILY CHART, 25TH APRIL 2019 (THUR 22:32 GMT):
AFTER
USDJPY DAILY CHART, 25TH APRIL 2019 (THUR 22:16 GMT):
AFTER
AUDCHF DAILY CHART, 24TH APRIL 2019 (WED 22:16 GMT):
EURCHF DAILY CHART, 24TH APRIL 2019 (WED 22:16 GMT):
AFTER
USDCAD 4HR CHART, 22ND APRIL 2019 (MON 02:01 GMT):
AUDJPY DAILY CHART, 20TH APRIL 2019 (SAT 13:09 GMT):
AFTER
EURJPY DAILY CHART, 20TH APRIL 2019 (SAT 13:09 GMT):
AFTER
CADJPY DAILY CHART, 20TH APRIL 2019 (SAT 09:30 GMT):
AFTER
AUDUSD DAILY CHART, 19TH APRIL 2019 (FRI 21:33 GMT):
AFTER
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I like the strategy, very helpful and need to learn more from it, Thanks Man
You are welcome.
Thank you so much for your good work for trying to help others succeed. But I think it help a lot if you tell us the winning percentage of your strategies due to the fact that you have traded them for while. This will help us to what we should aim for while using any of your strategy. Thank you
I will work on this.
Thanks.
Nice setups
Thanks.
Thanks.
Thanks for ur efforts
You are welcome.
how do one learn or know more about the strategy
All you need is on the blog page.
PLEASE HELP ME WITH THE STRATEGY TO CATCH THE SPIKE