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Another take on this method...
Hello all,
I posted this chart above and forgot to mention this idea:
Another trade to consider with these indicators are buy/sell limits. ( this method is a bit more advanced, but can provide more trades than the standard system ) This chart is an excellent example. If you see a pullback that touches the dotted blue line, against the direction of the 60sma, you can buy or sell back in the direction of the opposite dotted blue line. The best part is, if the trade continues on and reaches the opposite blue line, you can close half and let the rest continue on to the solid light blue line. ( or just let the entire position run to the light blue line )...
Hopefully I explained the concept well enough. It's pretty simple as long as you understand the original method. The reason I like this alt method is because your risk/reward is right-side up and the GJ seems to pullback a lot before pushing to the next level...
As with all my ideas, please look at a historical chart for yourself. Never blindly trust another traders advice...
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