Very simple but discretionary strategy.
Indicator you need: Simple moving average (SMA), period of 5 days @ close.
Timeframe: Daily
Recommended initial capital: $1,000.00
Long (short) entry: Long (short) when the daily candle crosses and closes above (below) SMA that is sloping upward (downward).
Stop: Stop at the previous low (high) for long (short) positions.
Limit: 1:1 risk/reward ratio.
Trade at your discretion by incorporating the market fundamentals.
Long position built for Gold
Short position built for CAD/JPY
Indicator you need: Simple moving average (SMA), period of 5 days @ close.
Timeframe: Daily
Recommended initial capital: $1,000.00
Long (short) entry: Long (short) when the daily candle crosses and closes above (below) SMA that is sloping upward (downward).
Stop: Stop at the previous low (high) for long (short) positions.
Limit: 1:1 risk/reward ratio.
Trade at your discretion by incorporating the market fundamentals.
Long position built for Gold
Short position built for CAD/JPY