hello,
Thats pretty good but if u wish to put your stops use a 3 cross
over ema like an additional ( 20min /30 min )ema for the
stop and trade only when u get a divergence between price and signal
.and get ready when the fast ema crosses the
middle 50 ema . At the next bounce up of the price u can enter the
trade and put your stop at teh middle 50 ema since the 20 has already
crossed the 50 at that stage . Placing the appropriate stops is the
main thing that will make u profitable here and place them with
discipline . Then u can ride the trade profitabley till u are stopped
out .
I used to do this once upon a time its very effective as long
as u followe a disciplined strategy with no emotions. .Its daytrading
but the broker will earn nearly half as much as u do .U will be stopped
out many times .Its basically your skill .U can increase your odds by :
TRy to trade when ever u get an advantage like when a
divergence occurs or when there is a price rise without corresponding
rise in ema fast( 20 min )
I mean if u minimise your trades to trade only the
effective ones u will get stopped out less often .The trick here is the
stops adn effective placement.
The idea is to use Simple EMA System (50,200 min cross) with MACD.
This is a trend following system with an oscilaltor system.
Keep a sharp eye on Heavy Weights and look for patterns which suggest heavy
Breakout in anyone of them
Joined Mar 2006
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Status: THANK YOU MERLIN,TWEE and FF Team
|4,603 Posts
I moved this this to the biginner forum, because it seems to be asking for help. It is not a system and has no clear established rules.. The System forum is for Trading systems that are defined.
