The 3 Line Setup
- Details
- Written by Sywa Sywa
- Created: 29 May 2025 29 May 2025
- Last Updated: 29 May 2025 29 May 2025
The Three Line Setup:
The Three Line setup is using Two Moving Average and One Special custom Moving Average which I called SywaLine. SywaLine has Three Types of line: MainLine, SywaLine and SmoothLine.
In This setup I'll be using the SmoothLine.
The Setup Component is as follow:
- 50 SMA as BaseLine / The Dynamic TrendLine
- 20 EMA as the FastLine
- SmoothLine as the SlowLine
Trade Entry is based on the 20EMA and SmoothLine CrossOver. The 50SMA will be used for Trend Confirmation.
In the Ideal Scenario for a Bullish Trade, the sequence of these Linese should be 20EMA，SmoothLine, 50SMA (From Top to Bottom).
for Bearish Trade, the sequence of these Linese should be 50SMA，SmoothLine, 20EMA (From Top to Bottom).
Trading TimeFrames: 30M, 15M and 5M.
XAU/USD Trade Setup 27 - Feb - 2024
- Details
- Written by Sywa Sywa
- Created: 27 February 2024 27 February 2024
- Last Updated: 27 February 2024 27 February 2024
Daily Chart
Daily Chart Analysis:
Daily Chart Trend : Up
Price above EMA 100, MACD is UP, Sywa Line Indicator Pointing Up.
Trading Direction : BUY
H4 CHART :
CHART ANALYSIS:
H4 CHART TREND: UP, Price Above EMA 100, MACD above 0 and Signal is Up
Price is at the near term resistance, consider to wait or entry at smaller time frame.
Stop Loss should be below the EMA 100 (Yellow Line)
M15 CHART :
This is the BUY entry for the setup, the entry is not quite accurate because its using the Market Order.
Target Profit is just slightly below the Resistance Level.
StopLoss is 2 times ATR below the last Bottom Fractal.
