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trading:camelback-technique

Camelback Technique

I read about the Camelback technique in Joe Ross’ trading manual. This strategy uses a moving average channel and an exponential moving average to define the trend. Set ups are pretty simple and straightforward.

Long Set Up

  • Price is above the 40-period moving average of bar highs
  • Slope of 15-period exponential moving average is not flat or negative
  • Wait for a bar with a lower low (signal bar)
  • Buy one tick above signal bar

Short Set Up

  • Price is below the 40-period moving average of bar lows
  • Slope of 15-period exponential moving average is not flat or positive
  • Wait for a bar with a higher high (signal bar)
  • Sell one tick below signal bar

Camelback technique short position