Chart prep work

by Eko Prasetyo @ 10:38 AM Someone sent me this: Chart prep work: 1. One the 1 hour chart use a 20 SMA. 2. On the 15 Minute and the 5 minute charts use a 20 and a 200 SMA. Rules: When price is above the 20 SMA on the 1 hour chart, The prefered trade is long. Go to the 5 minute or the 15 minute chart and set your mind in "LONG" gear and ONLY look for long trades. The opposite applies for going short. You can use RSI(14) over/under 50 on the 1 hour and also the 5 minute or 15 minute to confirm you trade decision. Well, try it if you wish... | My Diary | Join Marketiva| |