Monday, July 4, 2011

Bollinger - RSI - MACD

Indicators needed:

  • Bollinger band - to set TP 
  • RSI 
  • MACD
Trading Rules:
  1. Make sure price has hit the either ends of the bollinger bands / the middle line of the bollinger band.
  2. RSI must be below/above 50.
  3. MACD must be above/below the 0.0 line
  4. Once all these conditions happens, enter the trade and set TP at the either end of the bollinger band.
  5. Set SL on the latest support or resistance.

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