85# The Key of the Market
Happs Phases V.4 and V.8
Price action trading
Submit by Janus Trader
The Key of the Market is a price action trading system based on fabulous and simple indicator called Happs Phases in V.4 and v.8. this indicator draws with good precision the price levels on which a reaction awaits us. The indicator, although known in the various forums and sites, here is noted that it is one of the best of its kind for clarity and precision. The purpose of this post is to explain how Happs Phases is used in a price flow perspective. To follow the price flow I added 1 trend momentum indicator (WA) and another trend indicator (double parabolic Sar Indicator), so as to always be in the direction of the market.
Time Frame 15 min or higher.
Currency pairs: any.
Metatrader 4 indicators
Happs Phases V.8 (in the foldere there is also Happy Phase v.4
Analitical Parabolic Sar
Waddar Explosion
Trading rules The Key of the Market
The aim of this system is to try to follow the price when it comes in contact with the support and resistance levels which is always a critical phase.
Buy
When the price touches a support if it has a contrary reaction to enter wait for two indicators to agree: 1 Sar and WA or two SAR (for WA the bar must be greater than the average). Sar below the price.
Place Stop loss below the support line.
Profit target minimum ratio 1: 1.18.
Sell
When the price touches a resistance if it has a contrary reaction to enter wait for two indicators to agree: 1 Sar and WA or two SAR (for WA the bar must be greater than the average). Sar above the price.
If the price instead breaks the SR level you simply have to follow the market with the agreed conditions.
This is a winning system if done well. in my experience it can be appreciated in 3-4 weeks. The system is also suitable for dynamic edging.
Happy trading and wealth for everyone. (Learn to manage emotions).
Place Stop loss below the support line.
Profit target minimum ratio 1: 1.18.
In the pictures The Key of the Market in action.
Telegram Channel : https://t.me/freeforexresources
Share your opinion.
