Morning
Will be trading the hourly chart, indicators I will be using:-
DEMA (8)
MA (10)
Trend Line MA 34
MACD (12,26,9)
Stochastics (14,3,3)
Looking to enter on the crossing of the DEMA/MA, (a) if I want a safe entry, taking only positions with the trend or (b) a more risky position, trading both ways ignoring the trend line.
On the attachment, I have highlighted the entry points, no false signals were generated, every crossover is acted upon.
On the crossover, moving to lower timeframes to gain maximum beneficial entry point.
Attachment highlight entry points, MACD, Stochastic which if applied correctly will gauge the authenticity of the trade.
Exit, between the low of the move and the reversal crossover.
Will be interesting to here everybodys view, and perhaps adapt/change as we go.
I will post my entrys just after they happen, and re-visit to edit why I took that position, I don't expect to be posting large amounts as the trade will probably last a few days, but lets see how we go