Filed Under (Forex MT4 Indicators) by ForexDigg on 19-07-2008
Trade this system from around 7/8 gmt to 16/17 gmt
Avoid news times and especially 13:30 gmt
Indicators: StepMA-Stoch
Inverseind with Ema50
EMA50
CatFx50
We are jumping in when a new bar opens after the cross. It is mandatory that StepMa-Stoch makes the cross too and yellow line opens below (sell)/above (buy). If Step does not do this, the trade is not validated.
TF30 min
We only go long when price crosses EMA50 and next bar opens above it.
StepMa_Stoch must cross as well in the same direction. The open of new bar must have yellow line above blue one. StepMa_Stoch must validate the cross of EMA50 by price. IT IS MANDATORY.
We only go short when price crosses EMA50 and next bar opens below it. StepMa_Stoch must cross as well in the same direction. The open of new bar must have yellow line below blue one. StepMa_Stoch must validate the cross of EMA50 by price. IT IS MANDATORY.
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Filed Under (Forex eBook) by ForexDigg on 15-07-2008
“Scalping” can have various descriptions depending on whom you ask.Some folks would say that some “Forex Surfing” techniques are considered “scalps” due to small size and duration of the trades. Different trades have different techniques for scalping, but one thing that can be universally agreed upon is that scalping involves tiny trades (both in amplitude and duration).
Typically. “scalping” is specialized technique that involves making tiny trade to capture a very small movement in the market. Whereas a “position trader” may engage in trades that are intended to last for multiple days to months (aiming for targets of hundreds to thousands of pips), and a “day trader” typically engage in trades that are intended to last for less than a day (aiming for targets ranging from 20 to 100 pips), a “scalper” engages in trades that might only last a few minutes for targets of 5+ pips.
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Filed Under (Forex MT4 Indicators) by ForexDigg on 03-07-2008
TimeFrame 30
and the important thing here now
SL need to set lower than TP
refers to the pairs range volatility.
Recommended
for GJ and EJ = SL 40 = TP 50
others = SL 30 =TP 35
Entry Buy
- bbands blue, fisher blue, flattrend blue, nonlagdot blue.
Entry Sell
- bbands red, fisher red, flattrend red, nonlagdot red.
**nonlagdot also can be usefull for exit target.. When ur target reached , and u need more and maximum pips ..hehe..just wait the dot colours changed and ur exit should be there.
also we dont need to waited the dot of bbands change colours for entry position.. if bbands still on the red dot, watched other indicator, fisher, nonlagdot and flattrend for new entries. but make sure dont target higher pips for this entry coz the trend might be over.
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When the first time i trade online Forex i found this great e book from ForexFactory.com maybe you will find the thread at the first page at ForexFactory.com. Phillip Nel really tech me how to use MACD at 4 hour time frame, but not just like that i try making the 89 Simple Moving Average at the 30mnt and 1 hour time frame it give me some pips to hehehhe, btw this really great e book Two Thumbs UP for Phillip Nel if i can i wanna give three or five Thumbs UP ….
View cut from the e book;
I stopped counting the pips for the April 2006 testing as it completely
convinced me of the success of this method. I randomly tested it using previous years
and the results were amazing. Average of 300+ pips per month and then I only trade
the trades that gives signals at these times 17:00, 21:00 and 01:00 (GMT +2). It gives
between 8-10 deals per month using the mentioned timeframes.. (I use Metatrader and
data supply by MIG.)
If you use patterns in the MACD that occur regular that gives results and use
them every time they occur you will most definitely make money.
I haven’t discuss nor used trendlines so far in this document and when you add
them it will most definitely helps you in defining your exit levels. The entry level are
determine by the MACD but the exit or profit levels is determine by support and
resistance levels. I use the moving averages as described earlier as well as Fibonacci
levels and then most definitely trendlines and price levels. I normally take the daily
graph and draw the trendlines according to it and then go to the 4 hour graph. I make
them nice and thick so that I can see them. Then I draw the different price levels such
as 1.2900, 1.3000, 1.3100 etc. It is amazing to see how the price find support and or
resistance at these levels.
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