Hi everyone
I want to share a new weekly methodology of mine in the hope that others may be able to improve/evolve it with further new ideas, if any.
I say its "mine" but actually the core concepts in this methodology is nothing new at all & I'm sure most will have come across some aspect of it in various trading forums/websites.
It is basically a very simple weekly pullback strategy that uses only 3 basic indicators: Ema-10, Ema-20 & Stoch(8,3,3).
I do have a blog where I explain the strategy in detail so rather than repeat myself here, please go read about it there first:
http://easyr17.wordpress.com/my-discretion/
I am particularly interested to hear from those who trade on higher timeframes especially the weekly. There aren't many of those around as far I know.
I believe most traders here like to trade intraday & would find this strategy incredibly boring because a great deal of patience is required to trade this way.
Over time, I will post various setups on this thread as well as logging them on my blog...
I want to share a new weekly methodology of mine in the hope that others may be able to improve/evolve it with further new ideas, if any.
I say its "mine" but actually the core concepts in this methodology is nothing new at all & I'm sure most will have come across some aspect of it in various trading forums/websites.
It is basically a very simple weekly pullback strategy that uses only 3 basic indicators: Ema-10, Ema-20 & Stoch(8,3,3).
I do have a blog where I explain the strategy in detail so rather than repeat myself here, please go read about it there first:
http://easyr17.wordpress.com/my-discretion/
I am particularly interested to hear from those who trade on higher timeframes especially the weekly. There aren't many of those around as far I know.
I believe most traders here like to trade intraday & would find this strategy incredibly boring because a great deal of patience is required to trade this way.
Over time, I will post various setups on this thread as well as logging them on my blog...