Here I am talking about a simple 5 minutes trading strategy which I have named as 5minutes Golden Crossover Strategy.
In this strategy we only use EMA’s and steps are following as:
EMAs Used - 4,9,18
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4 cuts 9 & 18 from above - Sell Entry
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4 cuts 9 & 18 from below - Buy Entry
EMAs Sequence must be formed for a valid entry - Always
Adding PIVOTS to Golden Crossover gives the extra confirmation
The best entry will always be the entry with a small stop loss
You can trail the stop loss using EMA18
Word of wisdom - Trail stop loss above pivot when EMA18 is close to the pivot
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✓ Entry - 20 sec before the candle closes
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✓ Exit - 20 sec after the candle opens
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Bonus Point -* When the price is unable to break EMA 9, stay in the trade
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Entry - 15-20 sec before the candle closes
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Exit - 15-20 sec after the candle opens