Disliked{quote} Lol I use 10..20..50..100..200 ema . Regards B . That's a snappy name you have there .Ignored
I have been looking at your post history, some great trading.
I have also spent some time looking at how I could use the ema's you are using to my benefit, although as you are probably aware, we all tend to become stubborn in our ways and mine is the alligator.
I could not fit them into my strategy at all, but I could however fit the 300EMA into my strategy using the fib to set levels.
I would like your opinion, and any other traders opinion on the following idea.
I am a solid GBPUSD trader, and I will post this as a potential trade set up as I have enter this trade also @1.2298 with take profit @1.2338
So the idea for an EMA ALLIGATOR trade.
image 1: for buying price must be below the 300EMA and for selling price must be above the 300EMA. so in image 1 we are buying only.
image 2: patience: wait for price to close above alligator jaws followed by a break low below the lips.
image 3: now apply the Fibonacci and measure the distance from 1.618 to 2.618
image 4: the golden ratio. I would now use this distance between1.618 and 2.618 as golden levels with 41 PIPS in this instance set as the golden number.
image 5: the trade.
I will post these set ups as I find them, and my set up would be:
1st golden zone: trade 1: risk 1%
2nd golden zone: trade 2: risk 2%
3rd golden zone: trade 3: risk 3%
etc etc
I am looking forward to any reply or improvement regarding this idea.
Obviously this style of trading does require good fundamental understanding and would not be suited to brexit etc etc.
thanks fxd.
Attached Image(s) (click to enlarge)
