Saturday, October 25, 2008

bmw_levelI

level I是 trend follow trade,

是最容易掌握的, 熟练以后也是很profitable的intraday or short-term swing trade.

Based on my experience, 非常适合major index

key points

1, 观察的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.

This is notes of the level 1 of quick swing trade lessons.

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