Trade what you see NOT what you expect
Doesn't matter. They usually run in tandem with one another. The key is the 35. Ergo, if we have a bullish candle close through the 35 and the 50's are sitting below the candle that closed through the 35, it's more confluence for going back long. Same SL of 35 pips past the close price of the candle that closed through the 35. The 35/50 cross and reverse is an outstanding trade setup. No emotion to it, set it and let it happen.
...but this seems to be a straight forward mechanical strategy, if this even works just over 50% of the time then I can easily automate this and have the EA , automatically move up the stops when in profit.
I agree, those are issues rightfully tobe concerned about, but we did close under our 6525 price which keeps us in the range. We did not make a new high on the last h4. We have good support of the short position brother. Look, she's already dropping and it's 4:00pm est. She never moves like this during this time of day.
Also, our daily is going to stay in the range as well bro!
I would like a clearly bearish bar.... can I get that.... with some fries on the side..?
I don't wan't to see an indecision bar on the daily...
I second that!
Also though Ken, don't scale into your position unless your trading it from an h4 chart or higher. Anything else and your trying to buy out your position.
I was just going to ask the same thing. Also, when I looked at the pdf, I thought 35 /50 ma cross & reverse, meant if price close over the 35 OR 50 ma
