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Thursday, August 2, 2007

Best Trading Tips

Thursday, August 2, 2007


Prince Trading System

My Trading strategy is based on Exponential Moving Average.
I used 5,6,8,10,21 Exponential Moving Average. Exp.

RULE:

Buy
1. Buy if all that moving crosses up ( 5,6,8,10 croses 21)
2. Buy again in next day when price near the 21 Exponential Moving Average

Sell
1. Sell if all that moving crosses down ( 5,6,8,10 croses 21)
2. Sell again in next day when price near the long moving

Closed buy or sell when the other signal occur.
in some cases, there will be any position because of the price move still go up or down.
Look at the images above, there are 3 entry setup. All position are short still hold and no close yet.

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