We tried to get an easy visual for Mrs V to verify most trades. To all intents and purposes she is a newbie trader. She has traded on her own for a few weeks only.
The easy visuals we came up with were based on rsi above/below 50 for trend on higher time frames. Then she looks for good angle on 5 min ma's. Using 8 lwma, 21 ema, 96 lwma. The latter is to approx the 1hr 8 lwma. That ma is standard on all charts.
For example if rsi below 50 on daily but had nice reversal candle she would consider buys (as trend could reverse) or sells (selling into rally in downtrend). Other than that focus would be on selling where D rsi below 50.
If the ma's on 5 min are not angled and aligned correctly then she has to see a good 1hr set up candle to resume D trend. So she would be prepared to trade against the 5 min ma's but 1hr must have shown itself to give strong indication of resumption of trend.
I hope recent posts are clear on this.
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