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Dow Jones Momentum Trading Strategy

Dow Jones Momentum Trading Strategy

10 Minute Chart

EMA(20), EMA(50), EMA(200), BOL(20), SMA(480), BOL480, ADX(14), AO(5,34), MACD(12,26,9).

1.Discover direction, above SMA(480), top BOL(480), BUY ONLY!!! below SMA(480), bottom BOL(480), SELL ONLY!!!

2.Enter BUY when, above EMA(200) bounce up off EMA(20) AND EMA(50) entering top BOL(20) also positive ADX(14), green AO(5,34) up tick signal line MACD(12,26,9).

3.Enter SELL when, below EMA(200) bounce down off EMA(20) AND EMA(50) entering bottom BOL(20) also negative ADX(14), red AO(5,34) down tick signal line MACD(12,26,9).

4.Close trade at middle BOL(20) line.

Caution

Above BOL480 Top line NO TRADE!!! trail any stop, market over bought.

Below BOL480 Bottom line NO TRADE!!! trail any stop, market over sold.

Example 1

Example 2