Hey Fence,
If you are referring to the template that I posted a picture of in post #97, then you are mostly right.
What I am looking for to get me interested in a trade is a cross of the HMA Russian and the HMA. Then I look to the bottom indicators. I am looking for all 3 of these indicators to be the same color. If I see they are the same color, I will pull the trigger. The two HMA lines do not necessarily need to be the same color, but it does tend to be a better signal if they are. However I have traded this many times with them not being the same color.
I then either use a set TP as my exit strat, or price crossing and closing on the other side of the HMA 24 for an exit.
Depending on market conditions, I will use a SL, or price closing on the other side of either side of the HMA lines, depending on your appetite for risk.
I try to avoid CT (countertrend trades) or I will use a tight goal for TP on them and a short leash on my SL as well.
I hope this helps. Please let me know if there any other questions. I will try to post the rules for the other template as well, but they do both work with the same principles.
Thanks,
Lohad
If you are referring to the template that I posted a picture of in post #97, then you are mostly right.
What I am looking for to get me interested in a trade is a cross of the HMA Russian and the HMA. Then I look to the bottom indicators. I am looking for all 3 of these indicators to be the same color. If I see they are the same color, I will pull the trigger. The two HMA lines do not necessarily need to be the same color, but it does tend to be a better signal if they are. However I have traded this many times with them not being the same color.
I then either use a set TP as my exit strat, or price crossing and closing on the other side of the HMA 24 for an exit.
Depending on market conditions, I will use a SL, or price closing on the other side of either side of the HMA lines, depending on your appetite for risk.
I try to avoid CT (countertrend trades) or I will use a tight goal for TP on them and a short leash on my SL as well.
I hope this helps. Please let me know if there any other questions. I will try to post the rules for the other template as well, but they do both work with the same principles.
Thanks,
Lohad