How can you trade efficiently using a chart like this? We set our entry a few pips below the low of the indecision candle, and our stop loss a few pips above the highest point of the candle. Dynamic Cash Tracker system. At the beginning of each week I check previous weeks economic data to paint a picture of where the market is and where I think it will go, based on the fundamental news. My Forex trading strategy was built on reversal trading. Now, this indy will show the start of a new move when the white line crosses the black line especially if the Oscillator has just changed as well.
4H Kiss is an forex strategy based on moving averages and MACD indicator. Kiss H4 Strategy Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex .
Server Your chart should look like the image below. Crossover occurred and price broke out of the Kumo cloud. Price bounced off of the resistance line 3 times red dashed lines. At the close of the second bullish white candle we enter long trade. Our stop loss would be set 20 pips below the nearest support area, in this case the pivot point yellow horizontal line. Our take profit would be taken from the daily chart.
A method known as scaling out of position. We have a trade with risk reward ratio of around 1: Price bounced off of the moving averages again, this would be another chance to get in to the trade if you missed the first bounce.
By this stage we would have banked around pips at the 1. Price bounced at this level retracing back to the moving averages. We enter another position when rice touches the moving average. Stop loss 20 pips below the EMA40 red moving average Take profit of 1. We have one trade with 0. This is price uncertainty and people closing out of positions banking profits as we did.
Be cautious taking the bounce trade here. I would have taken the trade with take profit at the 1. Take profit of trade 5 reached and 0. Again more uncertainty with price not making higher highs. The reason for this is because most pips are made while catching the trend. Now, this indy will show the start of a new move when the white line crosses the black line especially if the Oscillator has just changed as well. The drawback to using this indy is even though it is great at showing us when to get in on the start of a new move, it is much harder to see continuation moves with this indy.
The strategy uses four BBands Stop indicators and some pretty well known custom indicator. In this strategy it BBands Stop indicators will be used primarily as a trend identifier. And MACD is one of the most reliable indicators. Although we do not believe in using any indicators in our own trading and we always use the candlesticks charting and Bollinger Bands Stop to find the trade setups , still we believe that MACD is a strong indicator specially for novice traders who are used to get in and out of the market too early.
What do you mean by opens under the previous band? What happens if the price closes above the upper band and then it comes back into the band. Is it some indicator for entering a short trade?
Dear Ele, I post free signals on my site, visit this link http: If you want to take full advantage of my signals become a member at this link: Now I see a candle is touching the upper Band the price is going above it then under it, I wait till this 4 hours candle is finished, if it 1- closes under the upper band and it didn't break it. This technique is the basic of my strategy, sure I use other things with it to confirm a trade, and it is very powerful, you can see its performance on my website: Dear Joe, Thank you for sharing your ideas with us.
What happens if the price breaks the upper band and continues upwards? Not necessary it is not a constraint if it breaks the upper band it will stay there maybe the next candle it will colse under it or maybe it will continue up as EURJPY is doing now, what I do is the following: If you observe the chart very well you will discover alot of things, I encourage you to focus well on it. I visited your site and noticed something on the posted results. Basically you are willing to risk say 50 pips of loss to gain 35 pips of gain.
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This strategy does not rely on the moving average cross over but rather enters the trend after it is established and exits on a quick profit. Indicators used and their purpose. EMA applied to closing prices on the H4 charts: This forms the main basis of our bias. Forex Strategy «method of triple-A», the author argues, on average, can earn points every month and it is intended for the currency pair GBPUSD, trade is conducted on the range H4. On the average for each month is about 15 trading signals (their profitability ranges from to points). Aug 08, · Thanks 5aztv88 for sharing. double sto=iStochastic(NULL,PERIOD_H4,20,3,3,MODE_EMA,STO_CLOSECLOSE,MODE_MAIN,0); .