This system is applied to only 12 Major Fx pairs (AUDJPY, AUDUSD, EURAUD, EURGBP,EURJPY, EURUSD,GBPJPY, GBPUSE,NZDUSD, USDCAD, USDCHF, USDJPY) by me (However all 28 Majors Forex Pairs can be traded)and is based on moving averages only with top down analysis approach starting from daily chart down to 15 M chart (ENTRY CHART).
The main premise of the system is to find that part of trend (picture of power, word taken from discussions of Oliver Velez) which is clear in its direction and discard rest of the moves being the picture having no power.
Lets Start from daily chart First and build it brick by brick down to 15M Chart
Daily Chart
Place 200SMA and 20 EMA (That is all for daily chart)
It could have four situations
SKY- When D20E is above D200S and price is above D20E
BOTTOM-D20E is below D200S and price is below D20E
CEILING-D20E is below D200S and price is above D20E
SURFACE-D20E is above D200S and price is below D20E
These are four types of situations we will consider in our analysis down the TFs till 15M
Please be patient, we will develop it slowly and gradually till 15 Chart for better and comprehensive understanding
The main premise of the system is to find that part of trend (picture of power, word taken from discussions of Oliver Velez) which is clear in its direction and discard rest of the moves being the picture having no power.
Lets Start from daily chart First and build it brick by brick down to 15M Chart
Daily Chart
Place 200SMA and 20 EMA (That is all for daily chart)
It could have four situations
SKY- When D20E is above D200S and price is above D20E
BOTTOM-D20E is below D200S and price is below D20E
CEILING-D20E is below D200S and price is above D20E
SURFACE-D20E is above D200S and price is below D20E
These are four types of situations we will consider in our analysis down the TFs till 15M
Please be patient, we will develop it slowly and gradually till 15 Chart for better and comprehensive understanding