So Big Daddy Schlomo has decided to teach you how to extract shekels from other good goys. You must be careful. While this is indeed a powerful ancient Jewish technique, you must use it as the Jew does: ready to flee from danger at any moment. However, if you follow the rules, great prahfits will come to you dis qwahtah, shegetz.
Now listen up goyim, you need three EMA lines, and with these three lines, we're going to create what my uncle Chaim calls "the tunnel of shekels" and a buy/sell indication line.
>Tunnel of shekels EMA 1: 169 period EMA 2: 144 period
>buy/sell indication line EMA 3: 12 period
The strategy is simple, and can be used for intraday trading, swing trading, and position trading. I prefer to use it for Forex since I having lots of leverage if I smell prahfits. But if your goyish nose isn't as strong as mine, I suppose you could use it on stocks or crypto as well. So, here it is goy... If your 12 day EMA line crosses down through the tunnel of shekels, short it. If it crosses up through the tunnel of shekels, go long.
As you can see from the chart pictured for EUR/USD (10 day, 30m candlesticks), following this strategy on swing trades you would have made an oodle of shekels several times and had the opportunity to pick a schtickle of pips here and there when the market was flat as well. For extra shekel detection power, combine with MACD.
post how much $$ is in your account. it's in the upper left section.
Jonathan Martin
>train a bunch of goys to buy exactly where you tell them to >buy beforehand and dump on them
How do you know when to exit?
Owen Watson
The charts speak for themselves. Zoom out and back test. Don't forget to manage risk. Stick to your stop loss, and break even with half your position at the first opportunity. Let the rest ride until you see the MACD histogram start to recede. Alternatively you can use fibonacci levels or whatever as profit taking points.
Brayden Nguyen
here your strat back tested it does OK in fact that it no lose money
>how do you know when to exit? There is some flexibility here. First, always look to break even first with half your position. Beyond that, I keep an eye on the what the 12 day EMA is doing in relation to the shekel tunnel and watch MACD as well.
If you're a good bit above/below the shekel tunnel with your 12 day line and have already broken even, you can afford to see what it does a bit.
In pic related, look at what happens on that big break to the upside. If you followed the strategy, you may have taken a small loss (or made a small profit -- risk management!!) on friday prior to the break out. However, if you bought in again on the second cross through the tunnel, you would have caught the break.
So, when to pull out on a big break? Well, you could follow the MACD indicator. If you would have sold at the histogram crossover, you wouldn't have got to the high, but you'd be up a good bit.
Henry Morris
You clearly messed up somewhere. The longs aren't being entered in the correct spots
Aiden Moore
There are more important things in life than playing the game of graphymoneyclickytradypoo. Invest in good things and be productive for society.
Aiden Kelly
How about you play the more important game of preaching to your whore mother?
Brody Garcia
The biggest bags we have are the emotional investments we make.
Cooper Fisher
I think you're on the wrong board, poor
Parker Lee
There are many roads to wealth.
Evan Wilson
Find the one that makes you happy. See ya later.
Hudson Kelly
Here is what playing long would look like if you exited on first red bar of MACD histogram.
I don't trade crypto. Not because I have anything against it, but because I think it's best to trade markets you understand and follow. If you're doing short term trading, you want volume and movement. As long as those criteria are met, pick a few things to trade and know them like the back of your hand.
Jose Anderson
trying for filter out messy in between areas that give huge draw down
I have to admit, the strategy looks great when paired with MACD. Considering I don't actually have any strategy of my own, I'll give it a shot and see how it goes. Keep in touch Schlomo
