It's ok if you make a mistake with this strategy. With a mistake, You're often either in and out quickly with a small gain or loss. If not, you're in a healthy trend. I would even suggest using leverage if you are a fund manager.
QuantitativeExhaustion
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Ricardo here is a new and great idea. Color Coding Candle Trend and Triggers
For Daily Charting. CandleStick color coded by this simple trading strategy. Ingredients ; 1 MA hl2 , 8 EMA open , 8 EMA open.
When 1 MA , 8 WMA is parallel with 8 EMA trending down = bearish (red candles)
When 1 MA , 8 WMA is parallel with 8 EMA trending up = bullish (green candles)
With Trend Down and 1 MA crosses 8 WMA = caution trigger (gray candle) and unless 1 MA recrosses below 8 WMA
if not = bearish trend remains (red candles)
With Trend UP and 1 MA crosses 8 WMA = caution trigger (gray candle) and unless 1 MA recrosses above 8 WMA
if so = bullish trend remains (green candles)
With Trend Down and 1 MA crossing 8 WMA and 8 EMA = possible trend reversal (dark gray candle) and unless 1 MA recrosses below 8 WMA
if so = caution trigger (grey candles) if crosses both = bearish (red candles)
With Trend Down and 1 MA crossing 8 WMA and 8 EMA = possible trend reversal (dark gray candle) and unless 1 MA recrosses above 8 WMA
if so = caution trigger (grey candles) if crosses both = bullish (green candles)
QuantitativeExhaustion
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For Daily Charting. CandleStick color coded by this simple trading strategy. Ingredients ; 1 MA hl2 , 8 EMA open , 8 EMA open.
When 1 MA , 8 WMA is parallel with 8 EMA trending down = bearish (red candles)
When 1 MA , 8 WMA is parallel with 8 EMA trending up = bullish (green candles)
With Trend Down and 1 MA crosses 8 WMA = caution trigger (gray candle) and unless 1 MA recrosses below 8 WMA
if so = bearish trend remains (red candles)
With Trend UP and 1 MA crosses 8 WMA = caution trigger (gray candle) and unless 1 MA recrosses above 8 WMA
if so = bullish trend remains (green candles)
With Trend Down and 1 MA crossing 8 WMA and 8 EMA = possible trend reversal (dark gray candle) and unless 1 MA recrosses below 8 WMA
if so = caution trigger (grey candles) if crosses both = bearish (red candles)
With Trend Down and 1 MA crossing 8 WMA and 8 EMA = possible trend reversal (dark gray candle) and unless 1 MA recrosses above 8 WMA
if so = caution trigger (grey candles) if crosses both = bullish (green candles)