Simple Strategy To Trade.
hello bhaiyo,
Main ek strategy share kar raha hoon, jo intraday trader ke liye useful hai.
4hr. Chart Settings:
5 EMA applied to the close
10 EMA applied to the close
Stochastic (10,3,3) (Use slow and simple settings)
RSI (9) (Simple)
http://i1076.photobucket.com/albums/...aintrend-s.gif
Take profit 20 to 25 pips.
Stop loss put last high and low.
One thing, Hamesha trading ko money management ke saath follow karna chahiye.
Kyun ki is field mein koi bhi strategy perfect nahi hoti hai.
15 Minute Chart Settings:
5 EMA applied to the close
10 EMA applied to the close
Stochastic (10,3,3) (Use slow and simple settings)
RSI (9) (Simple)
MACD (12,26,9) (Exponential histogram)- Make sure the histogram displays the difference between the 2 lines
Long trades:
5 EMA must cross above the 10 EMA (Indicated on my chart by a black candle)
RSI must be greater than 50
Stochastic must be headed up and not in overbought territory
MACD histogram must go from negative to positive OR be negative and start to increase value. (We want to catch trends early so the MACD histogram must be negative)
http://i1076.photobucket.com/albums/...ing/long-s.gif
After establishing the main trend , it's time to look for trade entries on the 15 minute chart. The 15 minute chart looks similar to the 4hr. chart, except for the fact that I have added a MACD histogram. The trade entry rules are simple:
Short trades:
5 EMA must cross below the 10 EMA (Indicated on my chart by a purple candle)
RSI must be less than 50
Stochastic must be headed down and not in oversold territory
MACD histogram must go from positive to negative OR be positive and start to decrease in value. (We want to catch trends early so the MACD histogram must be positive)
http://i1076.photobucket.com/albums/...g/long-s-1.gif