Of course, i am kidding when i say it is a "lazy trader" strategy. If you are lazy, you will not last in these markets. But this strategy is very low-maintenance and should with the proper money-management produce @ least 20% return annually . Not bad for only setting this up once a week and closing the position next week!
The principle behind it is very simple : not many traders are willing to scan the markets on Friday afternoon for a new set-up. But this is what you would do to profit from it.
Pairs to trade : any.
Chart set up :
Daily charts
Indicators :
MA10 and MA 40
that's all!
The rules for buying : set a buy on Friday on a 9-day bullish break-out , when MA 10 is above MA 40.
To cover: Sell short next Monday morning
The rules for selling : set a sell on Friday on a 10-day bearish break-out , when MA 10 is below MA 40.
To cover :Buy back next Monday Morning.
That is all there is to it.
Very simple, easy to follow
I have a number of indicators that you can download for free as well just to make your trading more efficient:
The principle behind it is very simple : not many traders are willing to scan the markets on Friday afternoon for a new set-up. But this is what you would do to profit from it.
Pairs to trade : any.
Chart set up :
Daily charts
Indicators :
MA10 and MA 40
that's all!
The rules for buying : set a buy on Friday on a 9-day bullish break-out , when MA 10 is above MA 40.
To cover: Sell short next Monday morning
The rules for selling : set a sell on Friday on a 10-day bearish break-out , when MA 10 is below MA 40.
To cover :Buy back next Monday Morning.
That is all there is to it.
Very simple, easy to follow
I have a number of indicators that you can download for free as well just to make your trading more efficient:
Posts
0 comments:
Post a Comment