Hi gents,
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
My first post in FF,
<o></o>
I'm 4 years old in FX world, specialized in GBP.
<o></o>
I have this Intra day sys to use and want to share it with u, it's simple and 90% proof.
<o></o>
First, u have to know the trend direction for the day and MACD will do that, if the slow line below zero then the trend is down, above zero then the trend is up (I'm talking about the first wave of the day if there are more than one) MACD should be set 8,18,9.
<o></o>
This is confirmed by the RSI if above 50 will be up or below 50 then down, and should be set to 21.
<o></o>
Now, the entry, SL and exit points,
<o></o>
Entry point should be made by a blue 5 closed EMA with a red 6 opened EMA.
SL should be 5 pips above or below recent hi or low, not more than 30 pips. Exit, if u r good with fibo then u should exit on 161.8% or tops and bottoms, R or S but no less than 30 pips in hand.
Forgot to mention the time frame should be 30m and apply after 2300 Eastern Time.
If the above aren’t met, don’t enter the market.
This sys is useless when it comes to the news.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
My first post in FF,
<o></o>
I'm 4 years old in FX world, specialized in GBP.
<o></o>
I have this Intra day sys to use and want to share it with u, it's simple and 90% proof.
<o></o>
First, u have to know the trend direction for the day and MACD will do that, if the slow line below zero then the trend is down, above zero then the trend is up (I'm talking about the first wave of the day if there are more than one) MACD should be set 8,18,9.
<o></o>
This is confirmed by the RSI if above 50 will be up or below 50 then down, and should be set to 21.
<o></o>
Now, the entry, SL and exit points,
<o></o>
Entry point should be made by a blue 5 closed EMA with a red 6 opened EMA.
SL should be 5 pips above or below recent hi or low, not more than 30 pips. Exit, if u r good with fibo then u should exit on 161.8% or tops and bottoms, R or S but no less than 30 pips in hand.
Forgot to mention the time frame should be 30m and apply after 2300 Eastern Time.
If the above aren’t met, don’t enter the market.
This sys is useless when it comes to the news.