Quote:
Originally Posted by bill77
what i do is after i enter a trade on daily, go down to 4h chart and enter the opisite direction if i get a call. this should cover your daily trade while its going against you. (hedge) also i enter 1 lot at open of new candle after a signal as per rule incase it takes off, and the second lot at retrace to 8ema.where you get a better entry price.
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Gooday from Perth. I see you are in OZland too! Which City?
Always interested to see alternative ways traders trade.
Hedgeing is a good solution to save the day.
Is it possible to include a chart with your second entry at EMA 8.?DOES THIS CANDLE HAVE TO CLOSE ABOVE THE ema 8? In my early days of trading I learnt crossover EMA3& 8 as a good entry signal along with RSI and MACD etc