Welcome and thank you for visiting this thread. This is the first chance that we will interact over here.
The technique presented over here is the modification of the original one available on the internet (do not know the source). So, there is no claim made that this technique is the original one. But it is modified to produce results that are acceptable to me. I am here to share my technique which I use in a consistent way to produce the results.
As a result, my technique may work or may not work for you. If you think that it will work for you then stay along and we will continue to see several examples (some producing profits and some producing loss !). If you think that it will not work for you then please move on and do not waste your time. It is your call.
Let us be respectful to each other during this journey ! Feel free to ask the question related to the presented technique or the examples presented. I will try to answer as per my knowledge.
The pair that we will use is EUR/USD only. The time frame will be 1 hour. The new day will start at 5.00p.m. New York Time. I know you have some immediate questions like, why E/U only? Why 1 hour? Why 5.00p.m.? etc. But hold on to those questions. I will discuss these Whys in the later posts.
We will put 34EMA and 13EMA applied to close on the chart. We will also put Parabolic SAR with default settings (0.02, 0.2). The trading platform that I am using is MT4. Wait, do not run away ! THIS IS NOT TYPICAL MA CROSSOVER sytem. We will use this two ma in a different way. Meanwhile, see the following attached image EURUSD-1HR-Fig-1.png to get the idea about the drawings.
We have not discussed any setup, entry, exit rules yet. So stay tune for the interesting materials to come !
The technique presented over here is the modification of the original one available on the internet (do not know the source). So, there is no claim made that this technique is the original one. But it is modified to produce results that are acceptable to me. I am here to share my technique which I use in a consistent way to produce the results.
As a result, my technique may work or may not work for you. If you think that it will work for you then stay along and we will continue to see several examples (some producing profits and some producing loss !). If you think that it will not work for you then please move on and do not waste your time. It is your call.
Let us be respectful to each other during this journey ! Feel free to ask the question related to the presented technique or the examples presented. I will try to answer as per my knowledge.
The pair that we will use is EUR/USD only. The time frame will be 1 hour. The new day will start at 5.00p.m. New York Time. I know you have some immediate questions like, why E/U only? Why 1 hour? Why 5.00p.m.? etc. But hold on to those questions. I will discuss these Whys in the later posts.
We will put 34EMA and 13EMA applied to close on the chart. We will also put Parabolic SAR with default settings (0.02, 0.2). The trading platform that I am using is MT4. Wait, do not run away ! THIS IS NOT TYPICAL MA CROSSOVER sytem. We will use this two ma in a different way. Meanwhile, see the following attached image EURUSD-1HR-Fig-1.png to get the idea about the drawings.
We have not discussed any setup, entry, exit rules yet. So stay tune for the interesting materials to come !