http://i43.photobucket.com/albums/e3...ailytrend2.gif
The idea is this, find a short term trend. If the trend is going uphill, buy low exit high.
Now in the above EURUSD chart, the uptrend started on Sept. 7th. We just look for the lows.
http://i43.photobucket.com/albums/e3...sdh1cross2.gif
How do we find the lows? By using the EMA crossings of EMA5 & EMA13. Wait for the pullbacks, and then enter when EMA5 crosses up EMA13. We don't know when the pullbacks are over so we wait for the EMA crossings.
You always hear, the trend is your friend. The "Hourly Trend Rider" trades in one direction only and it's the right way. There's nothing wrong with it.
This trading method is K.I.S.S. Keep It Simple System. You don't need to wait for the confirmation of 10 different indicators. You don't need 10 indicators.
Good luck and green pips to everyone.
The idea is this, find a short term trend. If the trend is going uphill, buy low exit high.
Now in the above EURUSD chart, the uptrend started on Sept. 7th. We just look for the lows.
http://i43.photobucket.com/albums/e3...sdh1cross2.gif
How do we find the lows? By using the EMA crossings of EMA5 & EMA13. Wait for the pullbacks, and then enter when EMA5 crosses up EMA13. We don't know when the pullbacks are over so we wait for the EMA crossings.
You always hear, the trend is your friend. The "Hourly Trend Rider" trades in one direction only and it's the right way. There's nothing wrong with it.
This trading method is K.I.S.S. Keep It Simple System. You don't need to wait for the confirmation of 10 different indicators. You don't need 10 indicators.
Good luck and green pips to everyone.