StockFetcher Forums · Filter Exchange · Question for day traders<< >>Post Follow-up
MJ64
12 posts
msg #149390
Ignore MJ64
10/23/2019 2:59:50 PM

I am using 5 min charts and 5 and 13 ema buy on 2nd green candle that closes above 5 ema what I need is another indicator that I can use to confirm . Been using RSI does anybody have another that might be better .

xarlor
114 posts
msg #149392
Ignore xarlor
10/23/2019 5:18:29 PM

This may have some merit:

Signal:
CCI(14) crosses above -100
RSI(5) crosses above 30

Followed immediately by Confirmation:
Green bar closes above EMA(5)
EMA(5) crosses above EMA(13)
Second green bar closes above EMA(5)

Buy.

Today's examples:
HEAR at 10:30
FAST at 10:53
X at 11:30
ATVI at 15:19

Getting the entry right is the easy part. It's the exit everyone struggles with.


MJ64
12 posts
msg #149393
Ignore MJ64
10/23/2019 5:54:57 PM

Thanks

snappyfrog
186 posts
msg #149532
Ignore snappyfrog
11/4/2019 9:33:56 PM

A trailing stop loss gets the exit every time.

graftonian
815 posts
msg #149543
Ignore graftonian
11/6/2019 4:46:49 PM

xarlor,
Do you have a trading platform that allows you to filter the 5 minute chart on CCI, EMA, etc?

xarlor
114 posts
msg #149544
Ignore xarlor
11/6/2019 6:28:05 PM

Graft, ThinkorSwim (TDA) does it easy for the signal.



If you want it to filter the signal and the confirmation it gets a tad more involved since they don't occur at the same time. Still, it is doable with the platform.

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