00:00Yo, Schmidt, and I'm back again with a new trading video.
00:06So today, I'm on the TradingView platform, and I wanted to discuss a particular indicator
00:14that I utilize in my trading strategy.
00:18Now, we're on the TradingView platform here, which looking at is the Aussie dollar, New
00:25Zealand dollar currency pair.
00:27It's the weekend, so the markets, the forex markets are not open currently.
00:32I'm reviewing this indicator on the weekend.
00:38But in any event here, if we click on our indicator icon here, the name of the indicator is the
00:49Linear Regression Trend Channel with Entries and Exits by Mr. Twan Dome.
00:55So if we click on this button here, the indicator pops up.
01:00I already have it on the screen here.
01:03And basically, we're looking at the five-minute chart here.
01:09Now, I did a previous video regarding my multi-time frame trend alignment indicator here.
01:19And apparently, that's what's beeping here.
01:23I have signal alerts, audio alerts, as well as a pop-up alert here.
01:28So when I turn on my indicator, it's giving me a bullish alignment on the various time frames,
01:37including one minute, five minute, 15 minute, 30 minute, one hour, four hour, and one day.
01:45So seven of these time frames are all in alignment, in a bullish alignment here, it tells us, right?
01:55So what I do is I look for those bullish alignments.
02:00That tells me all the various trends, all the various time periods are all in alignment here.
02:09And that tells me that the price is in a very good bullish momentum.
02:16So what I do here is I'll go back into my trading view chart here, and I'll look for buy
02:25entries.
02:26So what I usually use is you can use one minute.
02:29I have the Aussie dollar, New Zealand dollar set to five minutes.
02:35So I'm looking for the entries here.
02:37We're looking for only buy entries because the multi-time frame analysis tells us that the currency pair,
02:46the Aussie dollar, New Zealand dollar, is already in a bullish trend.
02:49So we're not going to be trading against the trend.
02:52We're going to, we want to trade with the trend here, right?
02:57So let me turn off the, let me go ahead and turn off the sales.
03:03All right.
03:04So if you notice here, the price currently being as it's the weekend, the prices is locked in at this
03:10particular level here.
03:13So we don't want to take, let's say the market is active.
03:18We don't want to take, we're looking for buy entries.
03:22So we want the price to retrace back down to the green line here on the linear regression channel here.
03:30So what I do is I'll wait for the price to retrace back further down before I pick an entry.
03:39And then the money flow index here, it's another indicator I kind of use to kind of verify the trade
03:50here.
03:50So let's see here.
03:53It's giving us also a buy here, which makes sense because all the timeframes align together anyway.
04:02All right.
04:02But what's really important is, you know, once we identify the alignment of all the timeframes or even maybe six
04:12out of seven, but generally you want to look for seven out of seven alignment on all the timeframes.
04:18And then you go to that particular currency pair, like I mentioned, because my signal indicator told me that the
04:25Aussie dollar, New Zealand dollar was the best properly aligned currency pair.
04:34So I'm analyzing it on the trading view chart here.
04:37So basically once the chart, the price goes back down to the lower green line here, that's where we're looking
04:48for buy trades.
04:49We want to trade with the trend.
04:51We don't want to trade against the trend, right?
04:55So this is a strategy that I've developed a few years ago.
05:00It's just now I'm sort of sharing it with the public here.
05:04And what I'm going to do is when the market's open, I just wanted to introduce people to the strategy
05:09first.
05:11And also, I think, all right, so if we go into the settings of the LRTC, the linear regression trend
05:22channel, I have the periods at the 20, which coincides with the 20 SMA on the multi-timeframe analysis indicator
05:32that I have.
05:35And deviation two, then we're going to look for our entries.
05:41So on Sunday night, I'm going to start doing some analysis.
05:46And when I find something really interesting, I'm going to use this strategy.
05:51Like I said, I developed this strategy a couple of years ago.
05:54But I'm finally, I was able to code the multi-timeframe analysis.
06:02So now that I'm able to code it, I can streamline the process here for you guys.
06:09All right?
06:10So that's basically the strategy.
06:13It's linear regression trend channel and the multi-timeframe analysis.
06:18No one else, I believe, has this strategy.
06:21This is something I developed personally for myself, for my trading profile.
06:31All right.
06:32So thank you for watching.
06:34I'm Dushman, and I'll see you in the next video.
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