alexandre.wolwacz
Long

ETP, trading the Cross over

NYSE:ETP   ENERGY TRANSFER PRTNRS L P
26 0 1
Well, here I am trading the Ed Burke Style. In this trading technique, the author postulate the long entry when the slow moving average of 18 is trending up. Waiting the faster 3 Ema crosses above the medium term 6 Ema. . He then does the entry, with stop below the low of the candle that breaks above the high of the crossing candle.

He uses 2,5 times the risk assumed as the target.
Here , I am with little modifications of myself. I used the crossing above the high of the candle that touched the slower movng average as my first entry point. Tomorrow, if we break above todays High will add positions. My target is 1,61 times the risk assumed.


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