hoodchef

Simple Scalping Strategy

FOREXCOM:ETHUSD   Ethereum
EMA 10 & 20 Strategy

1) Wait for an uptrend (10 EMA (Orange) crosses ABOVE 20 EMA (Blue))

2) Wait for price to breakout then retest the EMA's (either one(based on the trend type))

3) Wait for bullish confirmation candle after the retest

4) Enter after the confirmation candle

5) Set a stop loss underneath the previous swing low (previous Zigzag point)

6) Take profit one the EMA's cross the other direction (10 EMA crosses BELOW 20 EMA)

indicators EMA x2 & ZigZag

Hope this helps works w/ long and short positions, great for beginner/intermediate traders experimenting with strategies

Recc 5 min candles
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.