assume there are 4 chart timelines
1) 1 min chart= grandchild
2) 5 min chart = child
3) 15 min chart = father
4) 30 min chart = grandfather
buy on the basis of child chart, when price cuts sma 50 from below IF price is above sma 15 in father chart. with stop loss as the points when price cuts child or father chart respective sma mentioned above.
similarly, you can make strategy for short trades.
this strategy is for short term trading.
i know of some retired para commandos who can tackle any hound with bare hands and any big cat with just one stick. similarly, i also know some traders who trade with just sticks of sma....the simple the strategy, the better.... complexity confuses
standard disclosure : no responsibility of the outcome. pl consult certified financial advisor before trading. always trade small which you can afford to lose without losing sleep. trader discretion advised
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