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Using the 5050 Trading Strategy
Give wealth room to grow.
The 50/50 Trading Strategy applies to every time frame and every chart. Kenneth asked about exiting a short term trade. If you look at the daily chart of IWM, this is not an uptrend.
I posted the 60 minute chart showing the entry at the 50 moving average and added the ADX indicator as another strategy. PRICE makes the trde, choose one strategy. Notice that the indicator does not affect price - you learn to use an indicator to decide your trade. In our class, Kenneth saw that there was a very simple exit simply by having the stop under the 50MA. I highlighted in green the pivot high which was the previous resistance for this time frame.
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