of course vvm, once you read the thread it will make sense, but here is an example played out just now, the basic idea is when the price over extends from the ema9, expect it to pullback into and beyond ema9 for a target
the stop loss is up to you, i used one here because ema200 may have been broken, but instead you can take ANOTHER position at the bottom and aim for the same target i.e cost averaging or use it to manage your risk
also on the other thread, you will find a link to Kof strategy on youtube and you can see the strategy being traded live, he did a live video yesterday, i will send you link if you can't find it
here is another example, the idea is that as it breaks and holds each ema, it will continue on, how far is up to you, i was waiting for ema200 on this one but never made it
and here's an example with cost averaging, not the best one as i was managing aggressively but generally i would take multiple positions where i stopped myself out, but of course that carries its own risks, and should of held a bit longer because it broke ema200 as i was expecting but set the SL for the second order too tight and missed out on the original TP, its a very dynamic system
i hope this gives you the general idea of how it works
the stop loss is up to you, i used one here because ema200 may have been broken, but instead you can take ANOTHER position at the bottom and aim for the same target i.e cost averaging or use it to manage your risk
also on the other thread, you will find a link to Kof strategy on youtube and you can see the strategy being traded live, he did a live video yesterday, i will send you link if you can't find it
here is another example, the idea is that as it breaks and holds each ema, it will continue on, how far is up to you, i was waiting for ema200 on this one but never made it
and here's an example with cost averaging, not the best one as i was managing aggressively but generally i would take multiple positions where i stopped myself out, but of course that carries its own risks, and should of held a bit longer because it broke ema200 as i was expecting but set the SL for the second order too tight and missed out on the original TP, its a very dynamic system
i hope this gives you the general idea of how it works
every minute matters!
