Hi all
right, half of the title is meant to be a joke. What part, well I won't tell ya!
For real intraday trading I simply have no time (and nerves), so this might be that final, last thread of mine. My approach is simple:
Chart Setup
right, half of the title is meant to be a joke. What part, well I won't tell ya!
For real intraday trading I simply have no time (and nerves), so this might be that final, last thread of mine. My approach is simple:
Chart Setup
- 4h Chart
- EMA 10
- EMA 30
- SMA 50
- WMA 200
Long Trades
- Price has to be over the WMA 200
- All 3 MA must spread out and move up
As soon as these requirements are fulfilled, I go long with buy limit orders at EMA 10, EMA 30 and SMA 50. SL for all is the WMA 200.
Short Trades
- Price has to be over the WMA 200
- All 3 MA must spread out and move down
As soon as these requirements are fulfilled, I go short with sell limit orders at EMA 10, EMA 30 and SMA 50. SL for all the WMA 200.
Targets/Stops
SL is the WMA 200, which is somehow trailed. Exit is more discretionary, a possible exit is the cross of EMA 10 and 30.
I will post my trades and thoughts realtime at twitter: https://twitter.com/krautfx
Of course I will post charts and results here as well! 
