Ever wish you could buy at the SMA100 price?
https:// www. tradingview.com/x/C4ZHCrcT/
https:// www. tradingview.com/x/JVIc3gxp/
https:// www. tradingview.com/x/QXyp4W11/
https:// www. tradingview.com/x/N3LLvTEl/
Recently I have been wondering; why do so many people trade exclusively on the SMA cross? It's fairly obvious that placing a single trade at the golden cross with all your capital is a good way to lose quick. Are there more advanced strategies that have fantastic results? yes. However today I am not going to be focusing on those. Today I am showing that even basic technical analysis can work when it's done right.
This strategy measures only the sma100, and the average position entry price to place trades that have a statistical probability of closing at a Net profit. By setting a profit target a few percent above the average position entry, and only adding to that position to keep the average entry at the SMA level we are able to see consistent profits not long after golden cross events. On major indexes, currency, Tech, and even the more volatile meme stock. If you're new to technical trading this could be a great place to start.
https:// www. tradingview.com/x/JVIc3gxp/
https:// www. tradingview.com/x/QXyp4W11/
https:// www. tradingview.com/x/N3LLvTEl/
Recently I have been wondering; why do so many people trade exclusively on the SMA cross? It's fairly obvious that placing a single trade at the golden cross with all your capital is a good way to lose quick. Are there more advanced strategies that have fantastic results? yes. However today I am not going to be focusing on those. Today I am showing that even basic technical analysis can work when it's done right.
This strategy measures only the sma100, and the average position entry price to place trades that have a statistical probability of closing at a Net profit. By setting a profit target a few percent above the average position entry, and only adding to that position to keep the average entry at the SMA level we are able to see consistent profits not long after golden cross events. On major indexes, currency, Tech, and even the more volatile meme stock. If you're new to technical trading this could be a great place to start.
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