BitcoinEducation
A simple, time effective strategy for catching new trends
Hi everyone!
This is a simple, well known strategy I've been using for many years. The main benefits of this strategy are that it takes very little time and effort to analyse so is therefore perfect for those with full time jobs or little time on their hands.
This strategy works best on the higher timeframes - 4hr +. You'll need to following indicators for this strategy:
1. 200 MA
2. 20, 40, 55, 80 EMAs - you'll place your orders across these EMAs
3. 80 EMA - Use this as a SL, exit once the price has breached this level. Alternatively you can use the 200MA.
4. Stochastic RSI
How it works:
1. Wait for the price to push above/below the 200MA
2. Wait for a pullback to the EMAs
3. Check the stochastic is in oversold/bought territory.
4. Place orders across the 3 EMAs with a SL underneath the 80EMA or 200MA (more conservative).
5. Continue riding the trend up until the 200MA is beached.
This is a simple, well known strategy I've been using for many years. The main benefits of this strategy are that it takes very little time and effort to analyse so is therefore perfect for those with full time jobs or little time on their hands.
This strategy works best on the higher timeframes - 4hr +. You'll need to following indicators for this strategy:
1. 200 MA
2. 20, 40, 55, 80 EMAs - you'll place your orders across these EMAs
3. 80 EMA - Use this as a SL, exit once the price has breached this level. Alternatively you can use the 200MA.
4. Stochastic RSI
How it works:
1. Wait for the price to push above/below the 200MA
2. Wait for a pullback to the EMAs
3. Check the stochastic is in oversold/bought territory.
4. Place orders across the 3 EMAs with a SL underneath the 80EMA or 200MA (more conservative).
5. Continue riding the trend up until the 200MA is beached.
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.