Hi hisbride,
Primarily i am looking for the EMA's to cross
on a candle
If the bottom line crosses upwards then i will prepare to buy.
If the top crosses the bottom line i will prepare to sell.
Then i make my calculations for my stop (
IF i use one, i know there are trading methods by the big players that wipe out stops deliberately to further push the price momentum, so i only use a stop if i am unable to monitor the trade)
I will then enter the trade as soon as the timeframe skips from the cross candle to the next.
When it comes to entry, i tend to use my slow stochs.
If i get a cross candle in conjunction with slow stochs breaking out of either overbought or oversold...i will start rubbing my hands together as i know the likelyhood is that it's gonna be a very good trade!!!
Once i am in, i look to my CCI.
When the CCI "peaks" (Looks a bit like a mountain) as soon i see it start to slope downwards again i will exit the trade.
It doesnt always do this on the lower timeframes, to get good at them to be honest takes a bit of practise, but starting on the daily-3hr timeframes will still earn you good profits....it just takes longer
If you do this on a dialy chart, you are looking at at least 100 pips, if it is a strong trend you could be looking at anything up to 500 pips.
This might take a few days (My average is 7-9 days for a trade on the daily)
but i find it simple and unstressful and that's just the way i like to trade.
Hope this helped
