This is a simple system that has given me very good results. I advise to start the same way I did, that is, before opening positions, analyze charts. You see that when this situation is true, it will become alert.
After a while your eyes will be trained to recognize good opportunities and this will be to practice, practice makes perfect. All you need systems is to place two simple EMA (Exponential Moving Average) that will alert you when the market changes.
After a while your eyes will be trained to recognize good opportunities and this will be to practice, practice makes perfect. All you need systems is to place two simple EMA (Exponential Moving Average) that will alert you when the market changes.
Unfortunately, it also happens that sometimes, the market is changing rapidly and that is why we lose positions.
System
System
personally use the following indicators (EMAs):
12/89 for a 15 minute chart.
9 / 30 for a 60 minutes (This is the most used).
5 / 13 for a daily chart.
is credited to long (buy) when the fast EMA (12, 9, 5 in the data above) crosses the bottom up to the slow EMA. Vice versa for short (sell). Use
ultimate high / low as a stop loss.
Exit at the first sign of reversal of the situation.
12/89 for a 15 minute chart.
9 / 30 for a 60 minutes (This is the most used).
5 / 13 for a daily chart.
is credited to long (buy) when the fast EMA (12, 9, 5 in the data above) crosses the bottom up to the slow EMA. Vice versa for short (sell). Use
ultimate high / low as a stop loss.
Exit at the first sign of reversal of the situation.
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