First I must tell you that This method was made by an Egyptian guy called Bo7a
really I found it is the best for making about 900 to 2000 pips per month
After reading this method u will discover that forex is so so easy but needs to understand that it is simble
Now let's get started
What are we going to use
1-ema 7 (yellow)
2-ema 15 (red)
3-ema 90 (white)
4-daily pivot fibo
steps
1-we detect trend using ema 90 if the price is over the line then we are in an up trend and we are looking only for long positions , and if the price is under the line then we are in down trend and we are looking only for short positions
2-we use the crossover of ema 7 with ema 15 to determine the entry point , we don't enter immediately after the intersection but we wait until the price retest ema 7
3-we use the daily pivot fibo to determine the exit point and we exit at the first level that meets us or before it
4-use safety stop loss at 75 points and u can use hedge if u like it
5- don't enter with very big candles or with news and in vacations
now download the template and other indicators from the attachments
see my charts and start trading with it and give me ur opinions
Hi Mindforex,
Thanks for sharing. Attached is the current GBP/JPY chart. Price currently testing EMA7. Do we take a position after the price close above EMA7 if crossed already occured?
Hi Mindforex,
Thanks for sharing. Attached is the current GBP/JPY chart. Price currently testing EMA7. Do we take a position after the price close above EMA7 if crossed already occured?
Thanks.
the price didn't cross , we shall wait for the cross , and after it happen we wait for the price to touch the ema7 then we enter
u can use the indicator attached it will give u a signal on crossover
