4. Were in the trade! Now we need to get out.
What you’re going to do is go to your indicators on your chart
Pull up the ATR indicator
Take that number and divide it by 2
3. We only buy when the MAs tell us we’re in an uptrend.
Time to pick our entry.
Again, there’s countless ways and you’ll have to find your own but lets use the RSI-2
We buy anytime the RSI-2 falls below 10 AND the 50 ema is above the 200 ema
@richardhilger Only God knows that. We have to react to whatever the price does and follow a proven strategy.
For example: Buy retracements on uptrends