- Use 5 min candlesticks instead of 1 min. 1 min sticks have too many spikes that will knock you out of your trade easily (through stop loss).
- Ensure that 5 period SMA crosses the 50 period SMA, before you see if the 20 period SMA crosses the 50 period SMA (something that the micro-trend book did not say).
Above is my winning trade of the day. My entry was around the pink line, and stop loss was at the red dashed line. I am still not very sure when to exit the trade, but I learnt about starting a trade today. Hope today was not just luck, and hope that I can see more stable results soon.
Adios!
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