First time I've spoken about this strategy here (as I don't personally trade it myself), but the "Daily Chore" is a very popular one amongst the traders I work with.
Essentially what we're looking for is for price action to be on the correct side of our 3 EMA's (8, 20 & 50), and for those EMA's to be running in the correct order.
If so, we are then looking for a pullback into the EMA's and for a pin bar rejection candles to give us a sign for entry.
This is a very difficult strategy to figure out as it requires a lot of testing and tweaks to optimize, but it also allows for a lot for freedom as it only requires a few minutes a day to check up on.
Please leave any questions or comments below and make sure to give me a follow so you don't miss my next shared trading idea.
Akil
Essentially what we're looking for is for price action to be on the correct side of our 3 EMA's (8, 20 & 50), and for those EMA's to be running in the correct order.
If so, we are then looking for a pullback into the EMA's and for a pin bar rejection candles to give us a sign for entry.
This is a very difficult strategy to figure out as it requires a lot of testing and tweaks to optimize, but it also allows for a lot for freedom as it only requires a few minutes a day to check up on.
Please leave any questions or comments below and make sure to give me a follow so you don't miss my next shared trading idea.
Akil
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tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.
Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.