What's your system (strategy) for trading?

Unlike a lot of folks who respond here and want to peddle a newsletter or signal service, I’m going to keep this simple for you.
Because trading should be simple. You shouldn’t need to follow a service.
My strategy (well, a strategy) that I use, is very, very simple.
I use Renko bars, a 34 EMA and some horizontal lines.
This is very easy, not complicated and something that I use and has worked for me for a while. If the 34 EMA is greater than the 200 EMA, I take long trades when price crosses the 34 EMA. I do the opposite to short. I drew some highlighted boxes to show where I took trades.
I am generally and usually opposed to moving averages, but this, I think, is a simple system for folks to understand and then eventually move on to better things. Hope it helps.

Comments

Post a Comment

Popular posts from this blog

Which is the best movie on your list?

Image
I have kept a  list  which has come to be rather sizable over the years. There are certain characteristics I look for such as strong cinematography, intelligent directorial edits and sound editing, or original and compelling scripts. Of the 400 titles currently accounted for, one such title immediately came to mind: —————  The Intouchables  ————— This was one of the first titles I watched after taking a deep dive into the foreign film market. And as a result, I have never looked back in the endless search for more and more “ foreign hidden gems ”. The Intouchables  is a movie which comes out of France. A passionate story directed by  Olivier Nakache  and  Eric Toledano  which ultimately would become one of the  most successful French films to ever hit the box office . You may also know there work from another film titled Samba, another hit which also starred  Omar Sy  ( has also played several smaller roles such as Ba...
Read more

The best movie theory ever?

Image
Movie fan theories are like assholes: most of them are full of shit, and you should shut up about yours unless someone asks about it first. Sometimes, though, you come across a fan theory that is so well thought out, and fits so perfectly into the narrative, that you can  almost  convince yourself it's true Like ... The Goddess of the Na'vi Brainwashes Jake in  Avatar Jake Sully is a paralytic marine in the 22nd century who makes a deal with some rich paramilitary assholes to get intel on the bipedal, cat-like inhabitants of the planet Pandora in exchange for new limbs. To do that, he pilots a  genetically engineered clone  of the aliens (called the Na'vi) ... right between the legs of their princess. 20th Century Fox "Sorry! This was meant to be a handshake. I'm still getting used to this body." After the two fall in love, Jake of course switches to the side of the underdog aliens and starts fighting against his fellow humans in the name of...
Read more

What are some of the most fascinating instances of attention to detail in movies?

Image
Forget all these Easter Eggs!  Christopher Nolan's Interstellar  takes the cake. Specifically, the kind of work that went into creating the fictional Black Hole,  Gargantua . ​​Now, Nolan could have asked the VFX technicians to whip up a random black spinning mass and unless you were too keen, you'd have had no idea whether it was an actual representation of a Black Hole. But being the perfectionist he is, he sought the help of  Dr. Kip Thorne  , the renowned Physicist (Who eventually became the  Executive Producer  for the film,   giving expert advice on several other scientific aspects of the film). Thorne and the special effects team for Interstellar,  Double Negative  led by  Paul Franklin  worked closely together. ​Thorne provided  pages of deeply sourced theoretical equations  to the team, who then  created new CGI software programs based on these equations  to create accurate compu...
Read more