Gulzaar's Forex System

1. Draw trendlines and horizontal lines as you see fit
2. Identify basic price movement and form a bias: long, short, or range?
3. Once you have a bias, look for a signal
4. The 21/55 EMAs have to have split after consolidation, or be at a point where they are about to cross the 200 EMA
5. Once the first wave is complete(in which price would have crossed the 200EMA, and the 21 or 55 at least touching it), wait for price to retrace
6. Draw a fib - a fib level overlapping with the EMAs is good
7. Draw a horizontal line where the EMA and fib overlap. Zoom out and see if that level was previously strong support or resistance.
8. If it is, JUMP IN!
9. Set your target using common support and resistance levels such as trendlines or higher time-frame 200 EMAs

For more, check out http://gulzaarfx.blogspot.com

Attached are some examples

Hi Gulzaar, I'll try this method out. Looks very intersting. Have you had good luck using this method so for ? Tex

The method in itself is pretty good - just don't trade when there is divergence, or when price is at a strong support/resistance. this method works very well with break-outs and trend continuations.

good luck, and thanks for looking!

Hi Gulzaar, Do you normally use limit orders or wait for confirmation ?.I thnk this method would probably work on a 30 min 5 min multi-frame strategy also.I'll be watching your blog.Have a good weekend. Tex

Hello.. It is good to use limit orders actually. Since the markets have been very rangebound in most currencies for the past month or two, once you are in a trade, you should monitor and move your stop loss. In theory, you can use this system on any timeframe. Thanks for looking!

Nice. Haven't you post it on other forums too?

By other forums do you mean other websites or other topics in forex factory?

- by the way, a note to all: please do leave comments on the blog, they are much appreciated. the more minds the better - you may see something differently than I. thanks!

http://gulzaarfx.blogspot.com

Lots of potential shorts setting up! Check the blog for details!

http://gulzaarfx.blogspot.com

interesting...the dow fell in the start of the new york session, but the dollar continued to get weaker and weaker. interesting...

USDCAD long setting up, as well as EUR/USD short if resistance holds. EMA touches in 4 hour charts.

http://gulzaarfx.blogspot.com

Hello folks!
The gbp/jpy is in a nice little price trap right now. a break will probably bring in a nice few pips. check it out

http://gulzaarfx.blogspot.com

Hey there friends!
After a bit of a hiatus, I am back on the blogosphere, now with VIDEO BLOGS!
http://gulzaarfx.blogspot.com