Hello, recently I have started day trading but only on Trading 212 scalping CFDs. I have decided to move to crypto because it is more volatile and I can practice more in the 2 hours I have a day.
My strategy is 4 EMAs, the 5, 8, 13 and 200. I have set a rule that when the price is above the 200 I can only long and when it is below I only short. I use the 5 8 and 13 to enter when the 5 crosses the 8 and 13 with high volume.
I also use the MACD as confirmation.
I have tried to keep it simple so that is it.
So far I have been practicing and experiment with paper trading on trading view and I’ve been trading only bitcoin and ethereum.
Would you say this is a good strategy to follow?
Thank you
Would my scalping strategy work?
byu/Middle_Armadillo_841 inCryptoMarkets
Posted by Middle_Armadillo_841