10 and 20 EMA cross signalling the trend ins going to continue.
MACD is signalling that the market is still bullish.
Pivot Point, Trendline and Support all touched and rejected.
Follow the price with SL by placing it under the recent swing low.
This gives us the opportunity to follow the trend right until the end and catch every pip possible.
Here is my strategy for anyone wondering:
Trading system
Set Up
Trading Rules
Entry Rules
Enter Long if:
The 10 EMA crosses above the 20 EMA
MACD Blue over the orange
We have a Bullish candle after the cross
In area of value (S&R, Fibonacci, Pivot Point).
The EMA cross is used as an entry trigger and must be used when it price is at a key level and looks (use like you would a candle stick).
Always wait for candle close
Enter Short if:
The 10 EMA croses under the 20 EMA
The MACD blue underneath the orange
We have a bearish candle after the cross
In area of value (S&R, Fibonacci, Pivot Point).
The EMA cross is used as an entry trigger and must be used when it price is at a key level and looks (use like you would a candle stick).
Always wait for candle close
Exit rules:
Exit when the price breaks the previous high / low (follow the stop loss down with price).
25 pip sl minimum
Let me know what you think!
Thanks
MACD is signalling that the market is still bullish.
Pivot Point, Trendline and Support all touched and rejected.
Follow the price with SL by placing it under the recent swing low.
This gives us the opportunity to follow the trend right until the end and catch every pip possible.
Here is my strategy for anyone wondering:
Trading system
Set Up
- Trade on hourly chart (day trade)
10 EMA (Applied to the close)
20 EMA (Applied to the close)
Stochastic (14,3,3)
MACD (12, 6, Close 9)
Pivot Point
Trading Rules
Entry Rules
Enter Long if:
The 10 EMA crosses above the 20 EMA
MACD Blue over the orange
We have a Bullish candle after the cross
In area of value (S&R, Fibonacci, Pivot Point).
The EMA cross is used as an entry trigger and must be used when it price is at a key level and looks (use like you would a candle stick).
Always wait for candle close
Enter Short if:
The 10 EMA croses under the 20 EMA
The MACD blue underneath the orange
We have a bearish candle after the cross
In area of value (S&R, Fibonacci, Pivot Point).
The EMA cross is used as an entry trigger and must be used when it price is at a key level and looks (use like you would a candle stick).
Always wait for candle close
Exit rules:
Exit when the price breaks the previous high / low (follow the stop loss down with price).
25 pip sl minimum
Let me know what you think!
Thanks