I' m looking at a simple tradeing system
based on high interst rates and trend trading
pairs might be
ie. GBP/JPN USD/JPN EUR/JPN , USD/CHF etc
would anyone _____?
the set up is
ema 50 (green) 100 (red ), 200 (green)
sma 200 (red)
the MA will be used to check the trend & strenght of trend
ie. green over red green over red etc
I plan on trading only with the interst rate and the trend.
when the pair comes down & touches the 50 EMA then I will buy two units
Then buy two more fore every 100 it drops.
I will close 1/2 of all open trades when price reaches 100 pips over the 1st trade
& let the other ride till stopped out by 50 SL
does anyone have any Ideas
based on high interst rates and trend trading
pairs might be
ie. GBP/JPN USD/JPN EUR/JPN , USD/CHF etc
would anyone _____?
the set up is
ema 50 (green) 100 (red ), 200 (green)
sma 200 (red)
the MA will be used to check the trend & strenght of trend
ie. green over red green over red etc
I plan on trading only with the interst rate and the trend.
when the pair comes down & touches the 50 EMA then I will buy two units
Then buy two more fore every 100 it drops.
I will close 1/2 of all open trades when price reaches 100 pips over the 1st trade
& let the other ride till stopped out by 50 SL
does anyone have any Ideas