Intraday Trading Strategy

TRADING TOOLS 

• A 240-period weighted moving average (WMA) for highlighting the macro direction.
• A 21-period Hull moving average (HMA) for clarifying price waves with its slope.

The Hull moving average is a smooth moving average that works very well for tracking price swings.

 RULES FOR LONG TRADE

1. The 240-period WMA is sloping up.
2. The 21-period HMA highlights higher highs and higher lows.
3. Wait for the HMA to start pulling back downwards.
4. Go long when the price closes above the HMA.

However, if the pullback goes below the last swing low (forming a lower low), the setup becomes invalid.

 RULES FOR SHORT TRADE

1. The 240-period WMA is sloping down.
2. The 21-period HMA highlights lower highs and lower lows.
3. Wait for the HMA to start pulling back upwards.
4. Go short when the price closes below the HMA

However, if the pullback rises above the last swing high (forming a higher high), the setup becomes invalid.

These rules offer a focal point for your analysis. But feel free to override them if you have valid reasons to do so. In a nutshell, exercise your discretion as a trader.

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