Description
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WHEN YOU GET AN ALERT THAT PRICE CROSSED THE
200 SIMPLE MOVING AVERAGE - YOU OPEN THE CHART
LOOK CLOSELY AT THE PRICE ACTION AND CHECK TO SEE GOOD CANDLES
THAT INDICATES THAT PRICE IS LIKELY TO STAY OVER-OR- UNDER
THE MOVING AVERAGE.
YOU WANT TO TAKE THE TRADES WHEN YOU SEE PRICE QUICKLY
CREATING A DISTANCE FROM THE MOVING AVERAGE.
SEE HIGHLIGHTED EXAMPLE ON THE CHART
IF YOU LIKE WHAT YOU SEE THEN ENTER THE TRADE AND PLACE
A TIGHT STOP ON THE OPPOSITE SIDE OF THE MOVING AVERAGE.