Easily define entry and exit points by using a simple crossover strategy using the indicators above. This strategy is based on trend and momentum price movements. This strategy is described below.
MACD - When the MACD line crosses above the Signal line, a upward trend may be occurring. W%R - When the W%R line moves upward toward 0 and crosses the -50 line, an upward trend may be occurring. 3EMA - When the 20 MA cross above the 60 MA line, and both are above the 100 MA, an upward trend may be occurring.
When all three of these happen simultaneously, there is a 99% change that an upward trend is occurring. Your entry point should be at a price point three to six cents ABOVE the 3EMA, MACD & WR cross over line. Entering your position a few cents above the crossover line reinforces that your entry is being done in an upward price movement instead of getting stuck in a sideways or downward price movement.
To Exit, simply use the reverse strategy of the Entry.
MACD - When the MACD line crosses below the Signal line, a downward trend may be occurring W%R - When the W%R line moves downward toward - 100 and cross the -50 line, a downward trend may be occurring 3EMA - When the 20 MA crosses below the 60 MA line, and both are below the 100 MA line, a downward trend may be occurring.