My Indicator - Daily CPR with EMA and Vwap - How do I trade with
Hello Everyone. For analysis default time frame is 15 minutes. I follow 3/5 minutes time frame. When you are analyzing please use 5 minutes time frame.
Below are the three trades I took on Friday with my own Indicator. I am using VWAP + EMA 10. I take a trade (CE) when Ema crosses Vwap from below and green candle close about it (mark high of this candle). My trade starts when high of previous green high is broken with 1-2/3 risk reward ratio when the market is in range. If its trending then I go for 1-3/4/5 risk rewards.
PE trade when Ema crosses vwap from top and a red candle closes below it (mark the low of this candle). Trades starts when Previous red candle low is broken with the above said risk reward ratios.
When the vwp and Ema is close to each other or there is no gap between then, it's a no trading zone. If we take trades in this zone will not see any rise in prices or SL will be hit multiple times.
For analysis purpose by default its 15 minutes time. I follow 3/5 minutes time frame.
Below are the three trades I took on Friday with my own Indicator. I am using VWAP + EMA 10. I take a trade (CE) when Ema crosses Vwap from below and green candle close about it (mark high of this candle). My trade starts when high of previous green high is broken with 1-2/3 risk reward ratio when the market is in range. If its trending then I go for 1-3/4/5 risk rewards.
PE trade when Ema crosses vwap from top and a red candle closes below it (mark the low of this candle). Trades starts when Previous red candle low is broken with the above said risk reward ratios.
When the vwp and Ema is close to each other or there is no gap between then, it's a no trading zone. If we take trades in this zone will not see any rise in prices or SL will be hit multiple times.
For analysis purpose by default its 15 minutes time. I follow 3/5 minutes time frame.