Friday, April 20, 2012

Bullet prof Simple powerful Day trading strategy

Hi all,

I am tradying forex for the last two year,

Here i am putting a powerful strategy but its quite simple for day trading.

Here I use

MA(200),50
MACD
Price action

How to catch trend:

Go 15 min chart:
Plot 200, 50 EMA,

Trend:
See where price close in relation to 200 EMA, if price close above the 200 EMA, trend is up
price may touch the 200 EMA, Its time for good entry, So put SL 10 pips below the price.

Confirmation:
Just plot MACD, See MACD line cross and historogram(min 2 bar ) present above zero line.
Vice versa for sell.

Vice versa for sell.

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