Hey Guys....
I've been trading this Method for almost 2 Years Now... with 80%+ Winning rate...
This is the Cream of what I've learnt from different Forum/thread.... used almost every indicator available.... tried all possible combinations…
Finally Ended up With Price Action, Supply Demand & the Trend.... this is more than enough to make pretty good money from this business... & I’m the witness for it.
Objective of this thread….
To Help Newbies, & to Learn from the Experts.
Who Can Trade This?
This method fits for those who are in day job….
What I Trade?
With this system I only trade AUD/USD for Now…. however you are welcome if you want to trade different pair & post your results here
Time Frame…
1H
Indicators I Use
•HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
•72 EMA Closed – Average trend of three days (24*3)
•12 EMA Closed – Average trend of the day (1*12)
•Supply/Demand – Place the Support/Resistance When You See them
•Round Number - Physiological Level is a market sentiment / a key level to watch
Entry :-
•Look for a Reject from 72 EMA
•Enter after the price closed above/Below the 12 EMA
•The entry Candlestick should be one single bar rejecting from 72 EMA & Closing Below/Above 12EMA & should be a Pinbar, Marubozu, Engulfing Pattern… Etc
Exit : - Its Up to a trader to decide depending on his/her risk, I personally close After the price closed below/above the 12 EMA or on a reversal or support/resistance etc...
Stop Loss ;- Swing High or Swing Low / Above or Below 72 EMA.
A picture is worth a thousand words….
Here you go…
Please Click on the below link for the latest update on this method
http://www.forexfactory.com/showthre...31#post6067831
I've been trading this Method for almost 2 Years Now... with 80%+ Winning rate...
This is the Cream of what I've learnt from different Forum/thread.... used almost every indicator available.... tried all possible combinations…
Finally Ended up With Price Action, Supply Demand & the Trend.... this is more than enough to make pretty good money from this business... & I’m the witness for it.
Objective of this thread….
To Help Newbies, & to Learn from the Experts.
Who Can Trade This?
This method fits for those who are in day job….
What I Trade?
With this system I only trade AUD/USD for Now…. however you are welcome if you want to trade different pair & post your results here
Time Frame…
1H
Indicators I Use
•HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
•72 EMA Closed – Average trend of three days (24*3)
•12 EMA Closed – Average trend of the day (1*12)
•Supply/Demand – Place the Support/Resistance When You See them
•Round Number - Physiological Level is a market sentiment / a key level to watch
Entry :-
•Look for a Reject from 72 EMA
•Enter after the price closed above/Below the 12 EMA
•The entry Candlestick should be one single bar rejecting from 72 EMA & Closing Below/Above 12EMA & should be a Pinbar, Marubozu, Engulfing Pattern… Etc
Exit : - Its Up to a trader to decide depending on his/her risk, I personally close After the price closed below/above the 12 EMA or on a reversal or support/resistance etc...
Stop Loss ;- Swing High or Swing Low / Above or Below 72 EMA.
A picture is worth a thousand words….
Here you go…
Please Click on the below link for the latest update on this method
http://www.forexfactory.com/showthre...31#post6067831
Attached Image (click to enlarge)
