Hey guys, this system is just my style of trading. Low risk(5-15 pips) and high gain(15-25 pips). What I am going to tell you is not anything new, and this system isn't going to be the next hit on the systems part of this website. What I guarantee every one that trys this system out, is that you will not be going out on a limb, you will be making a safe trade. Now, let me show you what I am talking about.
You start by drawing trendlines like crazy(on Eur\Usd 5 min), every where you can atleast see a double, draw a trendline. Also, for use of seeing trends better(best trades made in sharp trends) put a 50sma on your chart. To not get anyone confused, there are also some good trades on just simple up and down trends, safer trades are sharp trend trades.
As once traded Phillip Nel's 4hr MACD stratagy, I am very fermiliar to Round Top and bottoms on the MACD. To make things SUPER SAFE( all credit goes to phillip Nel, I did not create the parameters for MACD) you can put a 5,13,1 MACD on the chart, and use the MACD as an extra signal.
Now that you know the system, I must tell you, I don't claim to be a mastermind of the forex, i've lost my shirt on acconts many a time, but you learn things. You try hundreds of hundreds of Ma cross systems, rsi, stoch, you name it I've tried it. The difference of this system is that you are not counting on an ma cross(just using ma for trend accuracy), not a stoch cross, you're just trading on bounces, triangles, trends, and you're not risking everything. If you trade the trend right, the worst thing that can happen is a a 5-15 pip loss.
Feel free to ask questions, and happy trading!
You start by drawing trendlines like crazy(on Eur\Usd 5 min), every where you can atleast see a double, draw a trendline. Also, for use of seeing trends better(best trades made in sharp trends) put a 50sma on your chart. To not get anyone confused, there are also some good trades on just simple up and down trends, safer trades are sharp trend trades.
As once traded Phillip Nel's 4hr MACD stratagy, I am very fermiliar to Round Top and bottoms on the MACD. To make things SUPER SAFE( all credit goes to phillip Nel, I did not create the parameters for MACD) you can put a 5,13,1 MACD on the chart, and use the MACD as an extra signal.
Now that you know the system, I must tell you, I don't claim to be a mastermind of the forex, i've lost my shirt on acconts many a time, but you learn things. You try hundreds of hundreds of Ma cross systems, rsi, stoch, you name it I've tried it. The difference of this system is that you are not counting on an ma cross(just using ma for trend accuracy), not a stoch cross, you're just trading on bounces, triangles, trends, and you're not risking everything. If you trade the trend right, the worst thing that can happen is a a 5-15 pip loss.
Feel free to ask questions, and happy trading!
"speak softly, and carry a big stick" Teddy Roosevelt
