MaFp Moving averages/fibonacci period

My strategy works based on moving averages with fibonacci period ,i set the fibonacci
levels on moving averages period and you can see nice moves ,im here to share
my experiences on this system for you so dont be hesitate if have any
question.

This strategy is good for Eur/Usd, Gbp/Usd, Usd/Jpy, Usd/Chf


Here is the chart formation :

Eight exponential Moving average apply to close

1- period 200 DarkOrchid
2- period 161 shift 2 Pink
3- period 130 shift 2 pink
4- period 100 shift 1 Blue
5- period 61 shift 1 Red
6- period 50 Lime
7- period 38 shift 2
8- period 23 shift 1

and Then

MACD 5Fma,26SEma,4SSma add three levels 0 and (+0.0061 and -0.0061 for eur/usd)
to assign levels to another currencies


RSI period 14 apply to close with three levels 30,50,70

stochastic Oscillator 5,3,2


Your chart should be like this :

http://www.forexfactory.com/attachme...1&d=1225032635

ok now you have got your chart configuration and setup your chart its time to
find entry point.
you can use this strategy on any time frame , Daily, Weekly ,4 hours ,
1 hours or even 30mins or 15mins ,but the important point is when you want
to enter the market for example on 1 hour chart then you must have
confirmation from higher time frame in this example 4 hours and Daily charts.

---------I give you an example on 1 hour chart for entry.

1-First Rule and most important is the TREND is our FRIEND so be Trend's
Friend.
To identify the trend simply check the both 4hours and daily time frame
if the price is at bottom of the 23Ema on three charts (1h ,4h ,Daily) then
the trend down exactly vise versa for uptrend.

2-The moving averages must be in sequence ,when you looking at chart first 23
then 38 then 50 , 61 , 100 (130 and 161 and 200 not important in sequence)


3- Now we go to 1H chart to find entry point

Here we have three conditions :

A: Break out

In chart you can see price break out from up to down ,do not even think
about enter the market until you see little consolidation ,let some fresh air.

Check the price if the move is more than 150 pips on euro and macd is under
-0.0061 level then its may be some risky !!!! in this situation you can wait
until price touch 23 Ema or become very near this line.
Here these are the MACD levels and break pips for currencies.

Eur/Usd = +0.0061 and -0.0061 , 150pips
Gbp/Usd = +0.0089 and -0.0089 , 250pips
Usd/Jpy = +0.61 and -0.61 , 200pips
Usd/Chf = +0.0061 and -0.0061 , 150pips

the price have to near or not to far from 23Ema.

http://www.forexfactory.com/attachme...1&d=1225033084


http://www.forexfactory.com/attachme...1&d=1225033084

Another conditions and entries on next steps please wait and be patience.
Have good trades.

Also you can exit based on fibonacci levels and daily resistance and support.

For how long you are using this system

What is the average pip gain

Hi

im using this strategy about 7 months as you see i just mention the break condition and i will discusse intraday trading with this method.
you can earn at least 50 to 150 pips daily just look at the charts and judje by yourself , what do you think ?
if you are not sure test this strategy for 1 week and then let me know the results.

for your answer just look at the chart after we enter the market you can exit when the price make a body inside 23ema this is safe and good point to exit the trade but if you are more patient then you can wait until price touchs (Shadow) 61Ema.


Best Regards Bahman Mozaffari.

Based on your chart why we should not enter the top of the EMA rather than
waiting for consolidation and enter for trade

First thing is why we should enter when it is risky !!!!!

Take a look at this


http://www.forexfactory.com/attachme...1&d=1225209503

it seems its ok to enter the trade after the break ,everything is ok ,but it doesnt work.

Thanks for your question.

My question was not for long trade but for short trade

In your earlier post in the charts the candles are above all the EMA
so why we should not place a sell order in one hour chart on the candles which has reached the top rather than again wait for consolidation which will be another 3 to 4 hours for us to enter the trade

My understanding of the Variouse EMA is acting as Fibo

In your first chart the candle has broken all the EMA and has reached the peak,so why we shud not place a sell order in that level

I think i got your point.

Take a look to stochastic indicator when the price above the all Emas on first chart ,do you see sell signal ?

First we dont want to enter the trade opposite the trend , the trend is up because the price is above the all Emas so if you sell at that moment you do trade opposite the trend and second all indicators are all in buy (in this chart only you can see stochastic sorry for missing other) and we dont have any sell signal.

Ok it s time to explain intraday trading ?
is there anybody interest with this method ?

yes!