Rules for above strategy-
Buy above 20 and 200 period Simple moving average(SMA). Between 20 SMA and 200 SMA - No trade zone.
Both Enter and Exit only at close of 5 minutes candles
Entry criteria to Buy - Strong Bullish (Green) candle or Bottoming Tail Bar near 20 SMA (Trigger candle)
Buy trade exit criteria (Profit) - Strong Red candle after decent move or Candle Close below 20 SMA
Buy exit criteria (Loss trade) - Candle trade below the low of trigger candle
On next page (SPY Analysis), you can see chart analysis of latest one days trades on SPY (5 mins chart) and
performance track in a table of trades in recent history in terms of Risk units ie R multiples.
Trading view chart of trades in recent history are also hyperlinked in same table.
For a detailed explanation on trades visit our YOUTUBE channel @ https://www.youtube.com/@Means2money
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