In this example I show you one of the ways I use to trade in a 4hr timeframe.
The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position.
The only downside to this strategy is you might miss a lot of other trading opportunities waiting for the retracements.
Let me know what you think.
The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position.
The only downside to this strategy is you might miss a lot of other trading opportunities waiting for the retracements.
Let me know what you think.