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ChaseTrdr

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02/04/20

19:18

Post #: 43848325
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Originally posted by 5speed: ↑

I use 9/21 EMA crossovers on a 5 minute chart, in conjunction with levels that I work out, based on the day or night range, and any price gaps that are unfilled on the chart. So, in the morning, I trade the opening gap, then around 11 ish I switch to arrows (crossover system). I may not take every arrow, depending on if it is at, or near a levels, or at, or near a gap. However, if not around, I have an alert system that tells me when there has been a cross. I also switch between 5 minute and 10 minute charts when it is choppy, to eliminate the false crosses. Sorry to bore you with all the info. I had a theory that if I had two monkeys, one getting a red alert,(sell), one one getting a green alert (buy), that at the end of the year, they would have made money. They proved me correct. Hence my saying, 'even a monkey can do it'. However, prove it to yourself, don't take my word for it, as some folks think it's all a bit of monkey business.

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Hey 5 Speed, just a quick question as to what charting program are you using? <br> also, could you briefly explain your method for trading the opening gap?

Last edited by ChaseTrdr: 02/04/20

XJO Value at posting: 5,154.3
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