hello,
The reason I post this new thread is to share some trading tips with fellow traders and hopefully in the process will learn something usefull as well. I been trading live with this Swing Trading method ( my own version ) with some -promising results, if you dont believe me try it for yourself
Indicators I use :
4hourly time frame ( any pairs )
Heikin Ashi
MACD
stop loss is bellow the last low swing or the last high swing
take profit 60 pips at least(i prefer not to be greedy ) - can use trail stops its up to you.
one thing i notice about forex trading is whatever goes up must come down eventually.. so the principle is sell -high buy -low
Trading set up goes like this :-
buy
-when Heikin Ashi color changed from red to white - heikin ashi is good indicator when it comes to trend changing.execute your order after the 1stwhite bar is complete
-when MACD cross the zero line upwards or when the signal linetouch the bars going upwards
sell- opposite rules applies
The reason I post this new thread is to share some trading tips with fellow traders and hopefully in the process will learn something usefull as well. I been trading live with this Swing Trading method ( my own version ) with some -promising results, if you dont believe me try it for yourself
Indicators I use :
4hourly time frame ( any pairs )
Heikin Ashi
MACD
stop loss is bellow the last low swing or the last high swing
take profit 60 pips at least(i prefer not to be greedy ) - can use trail stops its up to you.
one thing i notice about forex trading is whatever goes up must come down eventually.. so the principle is sell -high buy -low
Trading set up goes like this :-
buy
-when Heikin Ashi color changed from red to white - heikin ashi is good indicator when it comes to trend changing.execute your order after the 1stwhite bar is complete
-when MACD cross the zero line upwards or when the signal linetouch the bars going upwards
sell- opposite rules applies