Advanced Trading Technique - Practical Overview
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Presentation Transcript
EMQ Training Solutions Session 1 – Advanced Trading Technique Session 2 – Practical Overview Module 4
EMQ Training Solutions Session1–SPAM TradingAdvanced • Set Template • Name: SPAM/Range trading (Hands-off) • Candlestick • 1 Hour • 80 • 10 • Instruments • Bol 20;2 • StochRSI 14;3 • DMI 3 • RRC 13
EMQ Training Solutions Session1–SPAM TradingAdvanced Fibonacci setting: • 0.0;12.5;25.0;38.2;50.0;61.8;75.0;87.5;100 • Tick all four under style • Tick all three under trend line • Save to general settings • OK
Trend Reversal Analysis TRA • Intra-day trading – Medium term Trading: • 4Hour trend reversals – confirm on 15min • 1day trend reversals – confirm on 30 min graph.
Trend Reversal Analysis Basic rules for intra-day..... • 2 highs or 2 lows indicate a trend. • Draw trend line or use 18 day Moving average • Up trend – Trend lines drawn in below • Down trend – Trend lines drawn in above • Up trend – Close below trend line • Down trend – Close above trend line • 5% margin exposure • Stop loss when trade returns and closes through trend line
Trend Reversal Analysis Basic rules continue: 7. Start Mondays with new trends 8. Close trades Friday evenings 9. Be careful of extreme trend reversals 10. Consider Eur/Usd, Gold, Crude Oil and S&P 500 as instruments for TRA
Trend Reversal Analysis Entry point Entry point Exit point