Today, i found another nice 5 min move that i would have gotten into if i didn't have to sleep. This one is extra interesting to me because it would require the pullback/crossover entry at 20 EMA. This is a good example of when i would actually use this set-up. I would use it when the "breakout" price move is so strong, it goes vertical quickly which would make it overextended/overbought in the short term. I would have entered here right after the stochastics crossed while sitting on the 20 EMA.
There is also an hourly entry at 1288 that i would enter. This would be a normal entry set-up since it wasn't so vertical and looks more like a steady 45 degree climb on the hourly chart.
No comments:
Post a Comment