Hello all,
I have been trading intraday. 25 pips here 25 pips there. I have a change in schedule and need to change my trading.
I am looking at the charts from a different perspective. I see a pattern with the 20 day MA. I am thinking I will watch for a trend change. When the price crosses the MA and comes back to test it I will enter at that point. Move my SL after each retracement and exit when the price no longer makes higher highs/lower lows. I will trade off the 4 hour chart.
Are there any longer term traders here that can give me some insight on this plan. Thanks Dismayed
It sounds like a similar concept to my system, except I don’t use moving averages to trade off of.
http://forums.babypips.com/free-forex-trading-systems/15141-lucre-producer-v3-0-a.html