Quote:
Originally Posted by Matahari
My trade plan will be:
A) use only 4hrs chart, because the period seperaters are 1 week.
b) use Heiken Ashi candles
C) use the Awesome Oscilators
The above are coloured WHITE bullish and RED for bearish.
To confirm the strength of the trend I use the ADX.
Visually easy to spot. Trying to keep it simple.
Target profit 100 pips weekly, thats all I need.
What do you guys think about my approach? I just need to specialize in one currency. Please let me know.
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I prefer to look at daily chart, then use 10 min chart to find my entry level.
I only use indicator that has proven itself in my back-testing.
Different currency pairs have different behaviours, some are wavely, some are more choppy, so not a single indicator can apply to all.
My target is 30 - 50 pips for every trades.