i will start posting my trading system and its results from tomorrow.
the rules are simple.
1. Watch for the hourly bar to go higher than the previous bar.
2. Now look for 5 minute bar to pullback.
3. enter the pullback of the 5 minute bar.
4. the intend is that it will attempt another breakout.
5. if breakout succeeds, then start trail stopping the trade.
6. if the breakout attempt fails to make new high. its over.
7. if the 5 x 9 ema crosses again after trade entry and i am in profitable position, keep stop above breakeven.
Trend detection:
5 ema>9 ema>20 ema on 5 minute bar = Long and Strong
5 ema <9 ema >20 ema. market is divergence. no new entries. look to exit current ones.
5 ema < 9 ema < 20 ema. Short and Song.
the rules are simple.
1. Watch for the hourly bar to go higher than the previous bar.
2. Now look for 5 minute bar to pullback.
3. enter the pullback of the 5 minute bar.
4. the intend is that it will attempt another breakout.
5. if breakout succeeds, then start trail stopping the trade.
6. if the breakout attempt fails to make new high. its over.
7. if the 5 x 9 ema crosses again after trade entry and i am in profitable position, keep stop above breakeven.
Trend detection:
5 ema>9 ema>20 ema on 5 minute bar = Long and Strong
5 ema <9 ema >20 ema. market is divergence. no new entries. look to exit current ones.
5 ema < 9 ema < 20 ema. Short and Song.