I will try to post the recent chart setups for this method whenever I can.
I truely love this method. This is basically a trend following way. These setups do not work in ranging market conditions. But when their is new breakout and or a pair is trending overall in larger time frames such as yen pairs at the moment, we get beautiful results, especially when we go with the overall big trend (again like e/y, u/j at present). I use the follwing M.A's (just a little additions to the origanal m'a's by Philip Nell).
50 sma -yellow
34 ema- gray
21ema - blue
8ema - white
5ema - green
Most of the entries will be from 21 ema some from 34 ema if on 5m. The other ema's are to see the trend. 5 ema works like a charm on time frames bigger than 5m, such as 15m, 1-hr, 4-hr, daily.
Here is the recent e/y 5m setup, since it was with the major daily trend, and after a breakout, this went for about 200 pips. but don't expect the same amount evrey time, lol.
I truely love this method. This is basically a trend following way. These setups do not work in ranging market conditions. But when their is new breakout and or a pair is trending overall in larger time frames such as yen pairs at the moment, we get beautiful results, especially when we go with the overall big trend (again like e/y, u/j at present). I use the follwing M.A's (just a little additions to the origanal m'a's by Philip Nell).
50 sma -yellow
34 ema- gray
21ema - blue
8ema - white
5ema - green
Most of the entries will be from 21 ema some from 34 ema if on 5m. The other ema's are to see the trend. 5 ema works like a charm on time frames bigger than 5m, such as 15m, 1-hr, 4-hr, daily.
Here is the recent e/y 5m setup, since it was with the major daily trend, and after a breakout, this went for about 200 pips. but don't expect the same amount evrey time, lol.
Never Trade without a defined risk, never, never, never.