During this weeks Weekend Preview I gave out a free simple trading strategy. This chart on EURCAD shows a good entry for this strategy. The rules for trading the strategy are as follows:
Any Timeframe
Any Currency
Indicators Needed: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, Close)
Buying Entry Rules: Buy when 5 EMA crosses above 10 EMA and RSI is above 50. Stochastic lines should be going up but not above 80 (overbought).
Sell Entry Rules: Entry rules: Sell when 5 EMA crosses below 10 EMA and RSI is below 50. Stochastic should be in a downtrend but now below 20 (oversold).
Exit Rules: 5 EMA crosses back over the 10 EMA or RSI moves to the other side of 50.
To hear more about this strategy check out the Weekend Preview here: youtube.com/watch?v=ezV-kuP1Lro&feature=youtu.be
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Connect with us:
Website: fxtradersclassroom.com
Twitter: FXTradersClass
Youtube: youtube.com/channel/UCC9X5GBbRLOtbm2JUMJDXGw
Any Timeframe
Any Currency
Indicators Needed: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, Close)
Buying Entry Rules: Buy when 5 EMA crosses above 10 EMA and RSI is above 50. Stochastic lines should be going up but not above 80 (overbought).
Sell Entry Rules: Entry rules: Sell when 5 EMA crosses below 10 EMA and RSI is below 50. Stochastic should be in a downtrend but now below 20 (oversold).
Exit Rules: 5 EMA crosses back over the 10 EMA or RSI moves to the other side of 50.
To hear more about this strategy check out the Weekend Preview here: youtube.com/watch?v=ezV-kuP1Lro&feature=youtu.be
------------------------------------------------------------------------
Connect with us:
Website: fxtradersclassroom.com
Twitter: FXTradersClass
Youtube: youtube.com/channel/UCC9X5GBbRLOtbm2JUMJDXGw
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.