mercredi 15 avril 2015
Part-Time Forex Trader
Posted on 21:05 by nice news
This method is for those who are trading forex as a part-time.
It simple and only for few days (max 2 days trade)
This method is a trend following momentum system.
Max TP per pair is 100pip and the SL is 100pip (1:1).
The indicator required.
1. MACD (12, 26, 9)
2. Stoch (14, 3, 5)
3. CCI (14)
4. EMA 89
5. SMA 50
Chart required are H4 and D1 per pair.
How to trade
Basically there will be 4 entry per pair. This 4 entry will be in between 100 pip SL.
1st entry the sl will be 100 pip.
2nd entry will be 25 pip below/upper from 1st entry and the sl will be 75 pip.
3rd entry will be 50 pip below/upper from 2nd entry and the sl will be 50 pip.
4th entry will be 25 pip below/upper from 3rd entry and the sl will be 25 pip.
If all of entry is hit, so max pip will be 400pip and if it hit sl at 100 pip, the total lost is 250pip.
how to select an entry.
require to check 4H n D1 chart.</p></p>
1. in H4 chart, look for changing in trend using MACD- the bar start to go above or below 0 line (2 line start to cross).
2. Then check with D1 chart. The MACD bar is on upper side or lower side ( if upper, trend is buying and if lower the trend is sell).
3. Next check with EMA 89, where are the price. If above then should buy if lower should sell.
When all three criteria is meet, then i will open a 1st entry...
Basically there will be 2 setup.
1. AAA setup - where all entry criteria is meet.
2. AA setup - where number 3 entry criteria is not meet.
3. A setup - where number 2 entry criteria is not meet.
It simple and only for few days (max 2 days trade)
This method is a trend following momentum system.
Max TP per pair is 100pip and the SL is 100pip (1:1).
The indicator required.
1. MACD (12, 26, 9)
2. Stoch (14, 3, 5)
3. CCI (14)
4. EMA 89
5. SMA 50
Chart required are H4 and D1 per pair.
How to trade
Basically there will be 4 entry per pair. This 4 entry will be in between 100 pip SL.
1st entry the sl will be 100 pip.
2nd entry will be 25 pip below/upper from 1st entry and the sl will be 75 pip.
3rd entry will be 50 pip below/upper from 2nd entry and the sl will be 50 pip.
4th entry will be 25 pip below/upper from 3rd entry and the sl will be 25 pip.
If all of entry is hit, so max pip will be 400pip and if it hit sl at 100 pip, the total lost is 250pip.
how to select an entry.
require to check 4H n D1 chart.</p></p>
1. in H4 chart, look for changing in trend using MACD- the bar start to go above or below 0 line (2 line start to cross).
2. Then check with D1 chart. The MACD bar is on upper side or lower side ( if upper, trend is buying and if lower the trend is sell).
3. Next check with EMA 89, where are the price. If above then should buy if lower should sell.
When all three criteria is meet, then i will open a 1st entry...
Basically there will be 2 setup.
1. AAA setup - where all entry criteria is meet.
2. AA setup - where number 3 entry criteria is not meet.
3. A setup - where number 2 entry criteria is not meet.
Part-Time Forex Trader
Categories: Part-Time Forex Trader
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