Here is my system:
1. Review the monthly chart for trend using MACD. Is it up or down?
2. Review the 4 hr chart looking at stochastic. Is it over 70 or below 30?
If the monthly trend is up I look for oversold conditions---below 30
If the monthly trend is down I look for overbought conditions over 70
3. I enter once the 3 period moving average crosses the 5 period moving average.
4. I exit once the 4hr hour chart surpasses 30 or 70 on the extreme end.
I have had one problem----news. It seems sometimes once a piece of data comes out it wrecks the system.
1. Review the monthly chart for trend using MACD. Is it up or down?
2. Review the 4 hr chart looking at stochastic. Is it over 70 or below 30?
If the monthly trend is up I look for oversold conditions---below 30
If the monthly trend is down I look for overbought conditions over 70
3. I enter once the 3 period moving average crosses the 5 period moving average.
4. I exit once the 4hr hour chart surpasses 30 or 70 on the extreme end.
I have had one problem----news. It seems sometimes once a piece of data comes out it wrecks the system.
