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Breakouts & Crossovers

 
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Mike Heff

Breakouts & Crossovers

I have reached Silver 3. I look at the 5m, 1H & 4H timeframes. I have the 20. 50, 100 & 200 EMA's on the chart. I look for alignment in the 3 timeframes, then crossovers of the stochastics for trade signals. I also look for breakouts, mainly in the 5M chart, again where the stochastics crossover. I take a few positons where the 3 timeframes align with a crossover signal; and depending on the market conditions/ economic new releases due close them on a reversal or a trailing stop. The closure method depends on wheteher or not I can fully focus on the market at that time, due to work commitments. I am still struggling with trying to take trades & putting a stop on them before placing the trade,as required under Silver 3, I hope that over the next few trades I will master this as I have missed out on some big moves by having the stop too close to the entry point. Any tips regarding this matter would be appreciated.

Thu, 03/23/2017 - 1:20pm
 
jason3

Great strategy. Good luck.

 
Mike Heff

Thanks Jason; and to you !