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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Ken Adams who wrote (17445)4/22/2001 3:04:26 PM
From: marcos1  Read Replies (3) | Respond to of 39683
 
Sure Ken,

It uses a 17ema of the high and a 17ema of the low on a 1 min chart, this creates a channel, then you add an 8ema of the close, this is the trigger ma.

When the 8ema is in the channel we stand aside (this is yellow on the color study).

When the 8 ema breaks below the low ema we go short (red on color study) and stay short until the 8 ema goes back above the low ema, we then cover our short and wait for a break lower or above the high ema (green on the color study).

Marc