finding a good entry

Have you ever entered a trade and had it go 20 pips against you before it rolls over and heads in your direction. Does it happen often.
Here is a strategy to help you get in at a better place.

Create three Snap charts. They are all the same except 1 is a 5min chart, 1 is a 1Hr chart and 1 is a daily chart.
The charts all contain the same 2 indicators.

1. a 18 period EMA, red in color
2. a 45 period EMA, yellow in color

Make it a line chart instead of candles.

Now when you see a trade in your system go to these charts.
First make sure of the big trend with a simple weekly chart . It is pretty easy to see the trend most of the time. Do not trade against it.

Then go to the snap charts.
Here is how you read it.

1. Red above yellow trend is up.
2. Red below yellow trend is down.
3. Additionally, the rate should be on the opposite side of the red from the yellow for max strength.

They do not all need to agree with you system, but the 5 min and 1 hr must agree with the trade.
The daily is gravy , when it is in agreement you have a stronger trade.

If the 1 hr agrees with you trade but the 5 min does not there are two way it can go.
In a short period of time the 5 min will rollover and join the direction of the 1 hour and your trade signal and you will be at a place that gets you a few extra pips.
The other thing that can happen is the 1 hr will roll over and join the 5 min in a direction that tells us we don't want to be in the trade,
and you will be glad you waited.

NEVER TRADE AGAINST THE 5 MIN OR THE 1 HR.
We have all heard the phrase "the trend is your friend". In this system the 5 min trend is your BFF.

You can also use the 5 min as an exit cue.

TRADE SAFE

INTERESTING..Maybe this MA multiframe dashboard can help your strategy a little bit..

Thank you for the indicator, I will take some time to evaluate it.

very interesting check out aud/usd now 1h whats your take? buy trade? i like ur method

This really works when the 1 Min and the 1 Hour charts point in the same direction --- with a big angle (gap) between the Red and Yellow lines.

I have tested the 1 Min instead of the 5 min and the +/- ratio goes way down. After 3 years of testing the most profit seems to be 5 Min -1 hour - Daily combination.

If you want to add more strength to the trade add a 200 SMA make it gold and never trade towards the gold line.

I have 1800 students and they all use this as an entrance with success.
No matter what triggers the trade this will confirm if you should take the trade

The trick is to never break any of the rules.

I have been using this for several months now and I have slowly become a profitable trader at least the last two months and this month I am at about 11% profit. It works for me and I find it really easy to follow. The gold bar is a nice addition to let you know the major trend so you are trading with the trend and not against it.

SORRY - I really meant to say when "The 5 Min Chart - and the 1 Hour Charts" agree in direction "with LARGE GAPS" between the lines .... you know the direction to put in a trade (given you have a "trade trigger" telling you to trade).

Hello F4menza.. about your enty point?


What do you think about my multipair monitor dashboard with alarm ema cross 5 min... (You can choose alarm also another parameter and timeframe)


Example this NZDUSD crossing 89Ema down in 5MIN..(YOU CAN PROGRAM AND ALARM) and.. do sell order JUST ONLY IF..

- ema89 down in h1 and D1..(Red info)

- down candle in m5 h1 d1..(pips to open dashboard)

- currency meter.. nzd weaker than usd.....

' trend percentage info in RED (in this case NZDUSD its 30% red)

- aND THE Yeshuahamahiaj indicator says.. NZDUSD down..

So.. well... the EMAs combination is the usual you using?


Thank you!

Where do I get your dashboard

its my programming!!! just to see a quick look of all pairs!

I can't find your download, please let me know where I can find them

I think that you can use the 4hr chart in place of the daily on some trades providing that they are not long term trades