simple setup for buy and sell

[XRAY27]

Thanks !
As per Alok Daga 's link and other links to the Original System it seems it has 'originally' been recommended for EOD charts !

hi,
technical analysis is mainly based on EOD and intraday it is working...
i have tested for EMA 60 89 20... it is one of the setup for good trade...

 

[Pradipjee]

hi,
technical analysis is mainly based on EOD and intraday it is working...
i have tested for EMA 60 89 20... it is one of the setup for good trade...

For intraday, what should be the time frame plz? thanx.

 

[rkkarnani]

A comment by the Original initiator of this strategy David Landry is worth giving a serious attention. The same is as relevant ofr any other System :

BEFORE YOU DIVE IN
Before using any system, you should paper-trade it in both historical and real time until you are comfortable with its nuances and risks. Resist the temptation of having your computer do all the work for you. There is no way to simulate the emotions that you will encounter with real money on the line, but at least through hand-testing, you will be forced to look at and question every trade.
Just as I have used the two-day breakout as a filter for trading the 20-day EMA, the entire system could be used as a filter in a larger system. Just
remember to limit the degree of complexity of the system and don't bother looking for the Holy Grail. What you've got in front of you may well be just what you need.

David Landry is a Commodity Trading Advisor and president of Sentive Trading.

 

[XRAY27]

hi
thanks for the response for this thread..
now note another another simple trade setup 5 bar reversal pattern...
Rules
1.watch for 5 consecutive bar in one directions(up or down)
2.once break of the 5 th bar we will enter the position ,target will be swing high
3.trade this in high time frame for better
please note the details of this in the following video
http://www.youtube.com/watch?v=LkUKrgHVzvc

Request
Dear members update simple setups for trading

 

[Happy_Singh]

e = EMA(Close, 20);
UP = Ref(L,-2) > Ref(e,-2) AND Ref(L,-1) > Ref(e,-1) AND H > Max(Ref(H,-1), Ref(H,-2)); 
DN = Ref(H,-2) < Ref(e,-2) AND Ref(H,-1) < Ref(e,-1) AND L < Min(Ref(L,-1), Ref(L,-2)); 
UP = ExRem(UP,DN); DN = ExRem(DN,UP);
PlotShapes(UP+2*DN,colorWhite,0,IIf(UP,L,H));

Don't have time for the vdu, so pasting code for only the first setup

Happy