Trend Trading

TIME FRAME : 30 MIN CHARTS & 4HR CHARTS. INDICATORS : 21 EMA & 8 EMA. POSITION SIZING : 2 LOTS MIN. BUY SIGNALS : 1. CROSSOVER OF 21 EMA & 8 EMA IN 4HR CHART. 2. ENTRY only above close of next 30 MIN candle above Previous candle High. ( Entry can be taken at next candle OPEN or near 8EMA of 30MIN) 3. STOPLOSS previous Swing LOW on 30 MIN candle. 4. Once TRADE become PROFITABLE, Book 50% at >1.5 times the Initial Risk. Rest Hold with PSAR as STOPLOSS, once it changes direction, Place previous 2 candle LOW as Stoploss on closing basis. SELL SIGNALS : 1. CROSSOVER OF 21 EMA & 8 EMA IN 4HR CHART. 2. ENTRY only below close of next 30 MIN candle below Previous candle LOW.. ( Entry can be taken at next candle OPEN or near 8EMA of 30MIN) 3. STOPLOSS previous Swing HIGH on 30 MIN candle. 4. Once TRADE become PROFITABLE, Book 50% at >1.5 times the Initial Risk. Rest Hold with PSAR as STOPLOSS, once it changes direction, Place previous 2 candle HIGH as Stoploss on closing basis.