11
here is the system
http://www.forexfactory.com/attachme...1&d=1228650949
see what is happening on the 4 hour
( I would also look for S/R & patterns)
you can screen very quickly with the 50ema on
as the 50ema works out to be the 200ema on the 1 hour
where is price between or is price the two emas -- no trade - move to the 1 hour
or on the same side as the 2 emas set up -- move to the 5 min or 15 min charts
http://www.forexfactory.com/attachme...1&d=1228650974
look for price to cross the same way on the 1 hour chart as it is on the 4 hour chart
( the 50ema is the 200 ema on the 15 min)
move down to the 5 or 15 min chart to look for trades
http://www.forexfactory.com/attachme...1&d=1228650987
now move down to the 5 min or the 15 min charts to trade
like in this chart
look for 1.2.3 breakes
bounces & breaks of trend liness, S/R and patterns
in this case all three loses and 4 winners OI would not have taken
because
1. time od day 12:00 noon est - 7:00
2.news reports
3. possition of price
etc
cheers
teb
here is the system
http://www.forexfactory.com/attachme...1&d=1228650949
see what is happening on the 4 hour
( I would also look for S/R & patterns)
you can screen very quickly with the 50ema on
as the 50ema works out to be the 200ema on the 1 hour
where is price between or is price the two emas -- no trade - move to the 1 hour
or on the same side as the 2 emas set up -- move to the 5 min or 15 min charts
http://www.forexfactory.com/attachme...1&d=1228650974
look for price to cross the same way on the 1 hour chart as it is on the 4 hour chart
( the 50ema is the 200 ema on the 15 min)
move down to the 5 or 15 min chart to look for trades
http://www.forexfactory.com/attachme...1&d=1228650987
now move down to the 5 min or the 15 min charts to trade
like in this chart
look for 1.2.3 breakes
bounces & breaks of trend liness, S/R and patterns
in this case all three loses and 4 winners OI would not have taken
because
1. time od day 12:00 noon est - 7:00
2.news reports
3. possition of price
etc
cheers
teb