shivaq

Trending 3 Step Strategy

NSE:ACC   ACC LIMITED INR10
42 0 0
I am developing this simple three step strategy for intraday as well as positional trading. The saying is "trend is your friend". My strategy is to ride the trend and involves three moving averages and three time frames - the 5, 13 and 34 period moving averages and the 1 hour, daily and weekly time frames.

Buy the stock if its price is above the 5 period moving average and the 5 period moving average is above the 13 and 34 period moving averages. The 13 period moving average should be above the 34 period moving average. This should be true for all the above three time frames. Initiate the trade if and only if the above conditions hold. Keep a stop below the 34 period moving average or exit position when price retraces to 13 period moving average.

Similarly sell the stock if its price is below the 5 period moving average and the 5 period moving average is below the 13 and 34 period moving averages. The 13 period moving average should be below the 34 period moving average. This should be true for all the above three time frames. Initiate the trade if and only if the above conditions hold. Keep a stop above the 34 period moving average or exit position when price retraces to 13 period moving average.

India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out