[quote=malcolmb14;2215017]it is simple ..... 15 min is over the 33sma red line and this is up then go long on 5 min charts.....it really is that simple
sure you can scalp shorts as well ... but until that 15 min passes back under the 33 sma you are fighting the trend
I do this every day , day in and day out. But thanks for your concern ....
The trend on the 4 hour is down ... I know that ... but in massive down moves there are massive retracements and if you want to day trade off a 5min you should not look much beyond a 30 min chart for short term direction
been going long 188 to 188.5 till it does not work
I must say I have never tried the SMA 33/14 strategy. But it looks like it is sure worth trying. I'll do that on a demo account and I'm very curious to see how that packs out. It's not the first time that a new world opens for me.
Thanks for your explanation and good luck with your system.
Orca
sure you can scalp shorts as well ... but until that 15 min passes back under the 33 sma you are fighting the trend
I do this every day , day in and day out. But thanks for your concern ....
The trend on the 4 hour is down ... I know that ... but in massive down moves there are massive retracements and if you want to day trade off a 5min you should not look much beyond a 30 min chart for short term direction
been going long 188 to 188.5 till it does not work
I must say I have never tried the SMA 33/14 strategy. But it looks like it is sure worth trying. I'll do that on a demo account and I'm very curious to see how that packs out. It's not the first time that a new world opens for me.
Thanks for your explanation and good luck with your system.
Orca
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