Daily Method 1
Posted: Tue Jul 12, 2011 8:09 amDaily charts
Add a 13 SMA on the daily chart
Add RSI 10, with a 50 level line
Buy Signals: Wait for a daily bar to open above 13 SMA with RSI 10 above the 50 level.
Sell Signals: the opposite
SL: Above (below) the 13 SMA
Exit: Discretionary. You could use fractals indi as exit points and then a trailing stop at 50/80 pips, etc. IDEAS ACCEPTED!!
Alternative You could use the Supetrend indi to confirm entry.
Comments welcomed!!
Add a 13 SMA on the daily chart
Add RSI 10, with a 50 level line
Buy Signals: Wait for a daily bar to open above 13 SMA with RSI 10 above the 50 level.
Sell Signals: the opposite
SL: Above (below) the 13 SMA
Exit: Discretionary. You could use fractals indi as exit points and then a trailing stop at 50/80 pips, etc. IDEAS ACCEPTED!!
Alternative You could use the Supetrend indi to confirm entry.
Comments welcomed!!