Simple setup, High ITM?

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Simple setup, High ITM

Rules:

1) Look for a nice UP or DOWN trend. (Sometimes you can receive good trades even when there is not a strong trend)

2) Wait for the Bullish (In an UP Trend) candle to pierce the 50 SMA and close on or above the 6 EMA.

OR

3) Wait for the Bearish (In an DOWN Trend) candle to pierce the 6 EMA and close on or below the 50 EMA.

4) Take A 5 minute trade on the EVERY NEXT CANDLE.

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Author: David Wilson