Hi to all,
This system i'm about to show you is something that i have been working on for some time now and I belive it is at a point where others will be able to comment/ improve on the method making it into a useful tool to add to anyones trading kit.
Like all systems it's not 100% proof but with proper money managment loses are kept to a minimum and large gains can be expected.
Here we go,
Charts: Daily / bar charts
indicators: 14 day EMA / Heiken Ashi (standard settings)
Chart provider: Met 4 from ODL (i'm on Australian/Asian time)
Short entries.
1.Two consecutive red bars
2.Note that the EMA is pointing down
3. First red bar, price closes near to the EMA. Enter once the second red bar crosses the EMA.
OR
First red bar, price crosses ema and closes below it. Wait for price on the 2nd bar to break first bars low and enter.
Long entries
1. Two consecutive white bars
2. Note that the EMA should be pointing up
3. First white bar price closes near to the EMA. Enter once the second white bar crosses the EMA.
OR
First white bar, pricecrosses ema and closes above it. Wait for price on the 2nd bar to break first bars high and enter.
Stop loss should be 100 pips from entry
There are more things to add but let's wait for the questions first before this post gets too big. http://www.forexfactory.com/images/icons/icon7.gif
Attached Below are some sample charts
This system i'm about to show you is something that i have been working on for some time now and I belive it is at a point where others will be able to comment/ improve on the method making it into a useful tool to add to anyones trading kit.
Like all systems it's not 100% proof but with proper money managment loses are kept to a minimum and large gains can be expected.
Here we go,
Charts: Daily / bar charts
indicators: 14 day EMA / Heiken Ashi (standard settings)
Chart provider: Met 4 from ODL (i'm on Australian/Asian time)
Short entries.
1.Two consecutive red bars
2.Note that the EMA is pointing down
3. First red bar, price closes near to the EMA. Enter once the second red bar crosses the EMA.
OR
First red bar, price crosses ema and closes below it. Wait for price on the 2nd bar to break first bars low and enter.
Long entries
1. Two consecutive white bars
2. Note that the EMA should be pointing up
3. First white bar price closes near to the EMA. Enter once the second white bar crosses the EMA.
OR
First white bar, pricecrosses ema and closes above it. Wait for price on the 2nd bar to break first bars high and enter.
Stop loss should be 100 pips from entry
There are more things to add but let's wait for the questions first before this post gets too big. http://www.forexfactory.com/images/icons/icon7.gif
Attached Below are some sample charts