A inter-day trading strategy with revised settings
MACD and Stochastic Settings are tweaked to 21 Day Periods
representing 21 days in a trading month.
Enter Buy when MACD signals green under the histogram
and Stochastic is rising after being in oversold zone below 20 and Candles are bullish
Enter Sell when MACD signals red above histogram and
Stochastic is descending after being on over bought zone below 80 and Candles are bearish
Confirm your entry by looking at higher timeframes ideally they should
agree with your direction you intend to buy or you can use a moving 200 period
moving average to determine long term trend
Ive added the PASCAL Compression Indicator to give me key support and resistance levels.
Trade Well, Earn Pips
Works well with Major pairs and SPX500
representing 21 days in a trading month.
Enter Buy when MACD signals green under the histogram
and Stochastic is rising after being in oversold zone below 20 and Candles are bullish
Enter Sell when MACD signals red above histogram and
Stochastic is descending after being on over bought zone below 80 and Candles are bearish
Confirm your entry by looking at higher timeframes ideally they should
agree with your direction you intend to buy or you can use a moving 200 period
moving average to determine long term trend
Ive added the PASCAL Compression Indicator to give me key support and resistance levels.
Trade Well, Earn Pips
Works well with Major pairs and SPX500