Hi
Here is how I trade the forex market on the 1 hr chart
Setup:
EMA pairs of 5 and 2 (5 in red color - 2 in black color)
EMA 50
stochastics at standard settings 8,3,3 (mainly for divergence)
That's all
I go short when price is below EMA 50 and when the black ema goes below the red ema
I also go short only when there is a pullback to the ema 50, so if the price is moving down then it retrace up to touch the ema 50 line then goes back down with ema 2 below ema 5 then I go short
For long just the opposite, price must be above ema 50.. price is movin up then it retrace a bit to touch the ema 50 and then goes back up with ema 2 crossing above ema 5 then I go long...
I don't risk more than 75 pips first target is 100 pips
if the market is moving sideways all EMA will be moving so close to each other I don't trade at that time I always wait to see a smooth movement
ABC kinda a thing to trade...
I average about 200 pips a week.
My partner started to post screen shots of entry and exit using my method
its at forexbox.info she will be posting the trades on weekly basis,
so knock yourself out
any comments or criticism will be appreciated
Thanks
FXPLODE!
Here is how I trade the forex market on the 1 hr chart
Setup:
EMA pairs of 5 and 2 (5 in red color - 2 in black color)
EMA 50
stochastics at standard settings 8,3,3 (mainly for divergence)
That's all
I go short when price is below EMA 50 and when the black ema goes below the red ema
I also go short only when there is a pullback to the ema 50, so if the price is moving down then it retrace up to touch the ema 50 line then goes back down with ema 2 below ema 5 then I go short
For long just the opposite, price must be above ema 50.. price is movin up then it retrace a bit to touch the ema 50 and then goes back up with ema 2 crossing above ema 5 then I go long...
I don't risk more than 75 pips first target is 100 pips
if the market is moving sideways all EMA will be moving so close to each other I don't trade at that time I always wait to see a smooth movement
ABC kinda a thing to trade...
I average about 200 pips a week.
My partner started to post screen shots of entry and exit using my method
its at forexbox.info she will be posting the trades on weekly basis,
so knock yourself out
any comments or criticism will be appreciated
Thanks
FXPLODE!
エンジョイライフ!