Keep It Simple With Sentiment (KISWS)
KISWS - Sentiment 1-2-3
Rules
The first and most important rule is to follow your pre-determined sentiment. Only take trades that are in the same direction as sentiment. Changes in Sentiment will be posted everytime to stay honest and disciplined.
- To go long, (1) MACD must be above 0. (2) RSI must be above 60. (3) Last closing candle must be green.
- To go short, (1) MACD must be below 0. (2) RSI must be below 40. (3) Last closing candle must be red.
Money Management
- For a long entry, stop loss is the first area of recent support. Target is the first area of recent resistance.
- For a short entry, stop loss is the first area of recent resistance. Target is the first area of recent support.
Timeframe
30M timeframe is the lowest. Higher timeframes can be used.
Trade Explorer
Trade Explorer attached to track progress.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!