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50MA made simple.

 
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jo2326

50MA made simple.

 

The following strategy is simple, but produces high probability trades.

BUY strategy

1. Wait for candles to trade over the 50MA line.

2.  Look for the Apiary diamond pivot signal over the 50MA, and closed to the line. You now have a potential support for an uptrend, with more upside probabilities.

3.  Enter your trade at the open of the next candle, with stop loss 2-3 pips below the 50MA line.  

4. Set your TP to 15-20 pips for a 3:1 possibility.

5. Be prepared to EXIT with any change of guard candle, if market confirm.

SELL Strategy?

The opposite of the Buy Strategy will do.

 

Sat, 07/07/2018 - 9:04pm
 
unclfestr

I like this thread, simple - straight forward

 
oluyomalalade

what timeframe is this strategy applicable to?