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Best analysis method for intraday trading

junkmail

Member
Hello everyone.

I would like to find out what the best method for intraday trading is. Should I be using a top-down approach?
 
Strategy for intraday trading
M5 Time frame
Any currency pair
Moving average Exponential 50 (EMA50)
Moving average Exponential 100 (EMA100)
Buy : EMA Crossover up
When price is above EMA 100 and candle close above EMA 100 then when price touch to EMA 100 from above side then buy

Sell : EMA Crossover down
When price is below EMA 100 and candle close below EMA 100 then when price touch to EMA 100 from down side then sell
 
Use an MTF indicator placed twice on the chart. One one apply daily timeframe setting and on the second apply setting of the timeframe you are trading i.e. 1hour and below. Take trades on indicator signals that are in line with the direction of the higher timeframe
 

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