This trading plan outlines the indicator criteria and long/short entry signals for an echo strategy. The indicator criteria include various exponential moving averages on the daily and hourly timeframes as well as hourly RSI settings. Long entry signals look for the 8 EMA crossing above the 21 EMA on the daily and hourly timeframes, hourly RSI below 20, price near the hourly 200 EMA, pivot point rejections, support tests, and bullish engulfing or Golden Gate signals. Short entries require the opposite signals.
This trading plan outlines the indicator criteria and long/short entry signals for an echo strategy. The indicator criteria include various exponential moving averages on the daily and hourly timeframes as well as hourly RSI settings. Long entry signals look for the 8 EMA crossing above the 21 EMA on the daily and hourly timeframes, hourly RSI below 20, price near the hourly 200 EMA, pivot point rejections, support tests, and bullish engulfing or Golden Gate signals. Short entries require the opposite signals.
This trading plan outlines the indicator criteria and long/short entry signals for an echo strategy. The indicator criteria include various exponential moving averages on the daily and hourly timeframes as well as hourly RSI settings. Long entry signals look for the 8 EMA crossing above the 21 EMA on the daily and hourly timeframes, hourly RSI below 20, price near the hourly 200 EMA, pivot point rejections, support tests, and bullish engulfing or Golden Gate signals. Short entries require the opposite signals.
Indicator Criteria Fast Daily Moving Average - 21 Exponential. Slow Daily Moving Average - 8 Exponential. Fast Hourly Moving Average - 50 Exponential. Slow Hourly Moving Average - 200 Exponential. Hourly RSI - Period 6, Upper Level 80, Lower Level 20. Golden Gates - Default Settings Applied.
Long Entry Criteria
Daily 8 EMA is above the daily 21 EMA Hourly 50 EMA is above the hourly 200 EMA The daily & hourly uptrend is clear. Hourly RSI is below or equal to 20. Price is in a close area to the hourly 200 EMA Price has rejected a pivot point. Price has respected support. Price has formed a bullish engulfing candle. Golden Gate entry long entry signal. I am aware of any upcoming news.
Short Entry Criteria
Daily 8 EMA is below the daily 21 EMA Hourly 50 EMA is below the hourly 200 EMA The daily & hourly downtrend is clear. Hourly RSI is above or equal to 80. Price is in a close area to the hourly 200 EMA Price has rejected a pivot point. Price has respected resistance. Price has formed a bearish engulfing candle. Golden Gate entry short entry signal. I am aware of any upcoming news.