Forex trading for beginners

Hey guys,
this is my trading strategy. its very profitable. try this, let me know the results. ok y u get signaou need

10 ema
21 ema
50 ema
100 ema

all them should be in line to place trade. i use 4h,1h,15min combination. so when its in line perfectly on 4hr check 1hr if its inline aswell or not,if they both then go to 15 min to place trade ,exit when 10 ema crosses 21 ema on 15 min. also look out for daily atr aswell,lets say daily range 100 pips on that particular pair u trading,if u get signal aftar it already moved over 50 pips,avoide that trade,u need some breathing room as it is day trading system.

for a SELL trade it should be 10 EMA at the bottom, 21 EMA above it, 50 EMA above 21 EMA and 100 EMA at the top.
For a BUY trade it should be 100 EMA at the bottom, 50 EMA above it, 21 EMA above the 50 EMA and 10 EMA at the top.
The exit is when, quote,when 10 ema crosses 21 ema on 15 min.

here is the link of my video

Haven´t seen the video in full length yet. But recording your screen with a software would be a lot better than recording your monitor.

Thank you very much, mzq, for sharing this strategy. I think it will be useful for us newbies.
You have explained in the video how to make a SELL trade. I think for a BUY trade the sequence of EMAs is the other way round.
That is, for a SELL trade it should be 10 EMA at the bottom, 21 EMA above it, 50 EMA above 21 EMA and 100 EMA at the top.
For a BUY trade it should be 100 EMA at the bottom, 50 EMA above it, 21 EMA above the 50 EMA and 10 EMA at the top.
I think I have got it correct. If not, kindly correct me. The exit is when, quote,when 10 ema crosses 21 ema on 15 min unquote, unquote.

Hi, interesting strategy you've got here


what are the trading times that you initiate trades,

Do you trade at any times? or do you wait for London or the US markets to open?

Hi mzq,.
I have a friend who put me onto your system and I watched the video. very interesting however I reviewed your last trade on mar 8th and wanted to ask you why you took a trade on the 1 min chart of the EURUSD, where you bought @ 1.2444.

I understand that the rules copied here from your above post:-

"i use 4h,1h,15min combination. so when its in line perfectly on 4hr check 1hr if its inline aswell or not,if they both then go to 15 min to place trade as per your post from 4 hr 2 hr and 1 hr and 15 mins"

Can you help us to understand why you took a 1 min trade, which in hindsight appeared to be at the top of a 1 minute run up in price. ( I also looked at a 15 min chart to compare the signals, and that did not look good for a long position to be taken, however I may have interpreted the information posted incorrectly.)

I set my EURUSD chart up the same as yours and observed that the colors of the 10,21,50 and 100 were in perfect alignment at a buy price of 2.2421 some 18 mins before your entry---If that trade on a 1 min chart was taken the profit was SELL at a High of 1.2444 and had BOUGHT at a Low of 2.2421 resulted in a 23 pip profit.

Depending on what other time frames you looked at prior to placing the trade, I believe that you need to have years of experience to trade a 1 min chart---But I welcome others point of view here.

Please accept my post as a request to try and understand what you did, it may well be that you are new to trading this currency, but what was impressive was the original setup appears to be an excellent way for short term traders to profit from your system.

I look forward to your reply and wish you every success with your trading..

ps, sharing views help us to learn from each other

Kind regards

Fx is the macroeconomic and 1 pair FX mean 2 macroeconomics....

Understanding outlook of them will lead to the right strategic... but this time it could be right, not really for the next...

Hi nahatle007,
Your post reminds me of the one handed weather forecaster
On one hand it could rain
or
On the other hand it might be sunny

Not sure charts believe in macroeconomics---certainly one signed bill from The US president could put the Fox in the (macroeconomics) Hen house.

The Hens would only be interested in saving their own lives and macroeconomics aint gonna do that for them---:-)

Well if it isn't a steel problem, it is China's huge imbalance in trade that he threatens to change or China's huge Debt owed to the USA he says he is gonna get back.

I will leave you to express how your macroenomics are gonna fix some of those issues eh?????

In the meantime I wonder how mzq's currency trading is going today?

1. Thirasara

yes you are absulutely correct.. i liked your lines so much that i even used it on my original post. the purpose of sharing my system so that new traders dont have to spend years looking for one,take the one that already working great.

 

1. btrfx1

bro im sorry if i confused you, once all 3 chart line up, then you open trade on 15 min. stop loss not req but lets say for safety 50 pips. exit the trade when 10 ema crosses 21 ema on 15 min. i hope u got it this time.i inserted image to my original post.now it should be crystal clear guys. cheers.

Hey mzq,
I just checked your profile and saw the uj capital management Trade List which showed the EURUSD Mar 8 2018 trade at 13:35 to 13:36. The chart shown there is the only confusing thing I saw, hence my question.

I understand the concept you showed in the video and thats fine, no worries bud--

My question only related to that 1 min trade with attached chart from your Trade List on Mar 8th 2018----that one didn't lookin good Bro.

Make a buck or three $$$$ oops £££ today eh C Ya Pal

Hi msq,

Thank you for the beginners' forex system. I have complied a dashboard with an existing Multi Pairs MTF MA Cross Indicator which is attached. Hope, this could be of some use. If not discard it.

Have a nice day,

Roy

Why did this thread stop?

This is a great system MZQ.

MZQ can you please respond to assist me? Not sure if you have left...