Friday, February 6, 2009

How to quick swing trade this crazy market



key points

1, pay attention to 15min SMA20的trend,

trending higher, look for buy opportunity, trending lower, look for short opportunity, no trend, no trade.

2, aggressive/conservative entry and exit point

two consecutive candle close up/below SMA20.
look for failed backtest of SMA20

3, leading indicator

StochRSI25 cross over/below 50

4, confirmation indicator

RSI cross over/below 50.

Again, this should be very profitable trades in a trending day.


No comments:

Post a Comment