This is a simple setup I have been using on the daily chart for the past six months or so. I find it works best on the EU and UC as they have a high negative correlation. Unfortunately I was so preoccupied with my studying of intraday price action I missed them. A fellow blogger alerted me to them as he uses a similar setup (http://longechoes-updownsideways.blogspot.co.uk/)
I buy when price closes above the 21EMA (short when it closes below it)
ISL: low of confirmation (high if short)
IPT: 1:2
Thanks for the 'plug'
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