55 EMA Swing Trades (Simple but Boring)
Aktualisiert
Okay, I am going to start posting more on tradingview. Once again this is NOT investing advice. Just TA's and sharing thoughts. With that said, lets talk it out... Simple EMA trading.
Following a simple crossover of the 55 EMA (8,13,21EMAs) has been easy swing trading for me. Yet NOT every position, both long and short, has been a win. HOWEVER, the losses are relatively small and wins are large. Last 4 swing trades were -2%.-5%, -2%, then +52%.
Rules: (Following a set of rules and techniques is trading. Following most but not all of the rules is gambling)
1.) Not one, but all three EMAs must crossover the 55 EMA, for entry and exit of positions.
2.) Optimal EMAs are 8,13,21. Fibonacci levels
3.) Optimal time frame for swing trading is 3 hr time frame. (That's my opinion)
For a better entry and exit use a smaller time frame and other indicators to possibly save a percentage in your favor. Such as Stoch RSI, and Macd. The only downside I have with swing trades is it is boring!!! I usually set my alerts and try to forget about the swing.
Let me hear your thoughts, opinions, or questions. I am here to learn, trade, learn, make some money, and learn some more.
Following a simple crossover of the 55 EMA (8,13,21EMAs) has been easy swing trading for me. Yet NOT every position, both long and short, has been a win. HOWEVER, the losses are relatively small and wins are large. Last 4 swing trades were -2%.-5%, -2%, then +52%.
Rules: (Following a set of rules and techniques is trading. Following most but not all of the rules is gambling)
1.) Not one, but all three EMAs must crossover the 55 EMA, for entry and exit of positions.
2.) Optimal EMAs are 8,13,21. Fibonacci levels
3.) Optimal time frame for swing trading is 3 hr time frame. (That's my opinion)
For a better entry and exit use a smaller time frame and other indicators to possibly save a percentage in your favor. Such as Stoch RSI, and Macd. The only downside I have with swing trades is it is boring!!! I usually set my alerts and try to forget about the swing.
Let me hear your thoughts, opinions, or questions. I am here to learn, trade, learn, make some money, and learn some more.
Anmerkung
Holding on to the short position:The 55 EMA has shown to be a resistance for my short position. Still sticking to the rules, I will short until the last 21 EMA crosses the 55 EMA. The current 3 hr candle is a decision candle, if you're looking to enter a short position. Many other signs are pointing downward (RSI,Stoch RSI)
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