50-100 strategy
Mr H:
When using your 50-100 strategy(when going short) do you enter the trade when the red candle just breachs the 50 or do you wait for the candle to completely clear the 50?
Thanks Ed
When using your 50-100 strategy(when going short) do you enter the trade when the red candle just breachs the 50 or do you wait for the candle to completely clear the 50?
Thanks Ed
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Replies to This Discussion
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Permalink Reply by Mister H on
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I require the candle to close below the SMA in question. You'll still want confirmation from MACD remember, look for a fresh cross there w/in the 5 previous timeframes.
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I should add that it really doesn't matter. You can do it as soon as the price breaks the SMA, or wait for the candle to close below it. Whatever is more comfortable for you. The important thing is that you are CONSISTENT and pick a method, and do it EVERY time. Consistency and discipline are key.
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