New trader here. I would just like some comment on a Strategy I have. Its probably not a new thing. Just something that I saw works quite well.
3min Chart. (YM)
100sma
50sma
4sma
When the 4sma crosses both 50 and 100 to the upside its long.
when the 4sma crosses both 50 and 100 to the down side short.
exit will be on a trend line break, initial stop would be a 4sma reversal back crossing the 50,100.
When the cross occurs entry would be at the 4sma.
3min Chart. (YM)
100sma
50sma
4sma
When the 4sma crosses both 50 and 100 to the upside its long.
when the 4sma crosses both 50 and 100 to the down side short.
exit will be on a trend line break, initial stop would be a 4sma reversal back crossing the 50,100.
When the cross occurs entry would be at the 4sma.
