Quote:
Originally Posted by tammy
oh ok so Crown is less than 9 pip spread on GJ? Also is this something that you have to watch or can you take a look at night and if the 60 is going a certain direction set a buy or sell order and leave it? I am only an hour behind you so it would be in the middle of the night when most things move right?
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I actually don't like to watch it sometimes, lol... but you should check on it from time to time and then watch it closely towards the end of the trading box. The hardest part of this method ( for me ) is let the trade play out. I hate seeing trades going back and forth. Drives me nuts, lol...
The basic idea behind this method is 2 filters for entry and 1 for exit. Entry: the 60 sma on the 15 min chart ( what direction and how strong ), then if the 60 sma is signaling a trend will it break above the highs or lows enough to start moving. Exit: it will either hit the stop or solid light blue line ( note: sometime it will touch the vertical light blue line before the horizontal one )... You will learn after watching these indicators, that other trading opportunities become very obvious...