Hi Everyone
I would really appreciate your feedback to my recent trading method. I have just started applying this method and don't really have any results to post as of yet (having a lot of problems getting the time to trade, what with a regular job and all). But if your interested I will start to post trades here. Looking a past charts it seems to have some potential of earning some decent pips.
I can't take credit for this trading method as it's sort of a collage of various methods I have studied here on FF.
Here is the method
Looking at the time frames 15M / 30M / 1H
Having Stoch placed on all three with the settings at 8/3/3
On each time frame having a 2EMA & a 5EMA
Enter - When the 15M & 30M Stoch are in the low point and turn up over the 20 line it's time to buy. I also keep an eye on the 1H and the perfect entry would be if it is also under the 20 line and heading up (or just above it heading up).
Looking again at the 15M time frame look for the 2EMA to Cross the 5EMA to help confirm sell signal.
Once the stoch has crossed the 80 line on the 15M time frame I switch to the 30M and so long as the 2EMA is still over the 5EMA i keep it going. Same to the 1H.
Complete opposite for the sell signal coming down out of the 80 Stoch line.
Exit - Up for grabs lol - At this moment I wait for the 2EMA to cross back over the 5EMA as I watch the time frames.
I do use a stop loss of 40 pips but I always watch the trade so if things look bad I'll exit before stop loss is hit.
I'm looking at the EUR/USD the GBP/USD and the AUD/USD
Currently due to work obligations I'm trading only during the Australian & Asian times.
There are some great minds here on FF so I welcome all input.
Cheers
I would really appreciate your feedback to my recent trading method. I have just started applying this method and don't really have any results to post as of yet (having a lot of problems getting the time to trade, what with a regular job and all). But if your interested I will start to post trades here. Looking a past charts it seems to have some potential of earning some decent pips.
I can't take credit for this trading method as it's sort of a collage of various methods I have studied here on FF.
Here is the method
Looking at the time frames 15M / 30M / 1H
Having Stoch placed on all three with the settings at 8/3/3
On each time frame having a 2EMA & a 5EMA
Enter - When the 15M & 30M Stoch are in the low point and turn up over the 20 line it's time to buy. I also keep an eye on the 1H and the perfect entry would be if it is also under the 20 line and heading up (or just above it heading up).
Looking again at the 15M time frame look for the 2EMA to Cross the 5EMA to help confirm sell signal.
Once the stoch has crossed the 80 line on the 15M time frame I switch to the 30M and so long as the 2EMA is still over the 5EMA i keep it going. Same to the 1H.
Complete opposite for the sell signal coming down out of the 80 Stoch line.
Exit - Up for grabs lol - At this moment I wait for the 2EMA to cross back over the 5EMA as I watch the time frames.
I do use a stop loss of 40 pips but I always watch the trade so if things look bad I'll exit before stop loss is hit.
I'm looking at the EUR/USD the GBP/USD and the AUD/USD
Currently due to work obligations I'm trading only during the Australian & Asian times.
There are some great minds here on FF so I welcome all input.
Cheers
