Forex Trading Method (FTM) - Page 3

View Poll Results: what type of strategy is this

Voters
51. You may not vote on this poll
  • swing strategy

    26 50.98%
  • trend strategy

    15 29.41%
  • Range strategy

    2 3.92%
  • do not know

    8 15.69%
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Results 21 to 30 of 72
  1. #21
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55

    Default signals

    we will mainly discuss signals generated by EURGBP, EURUSD and GBPUSD only because of there corelation and inter dependency of move factors i only trade these three pairs. however sysetem is applicabble to any pair and signals can be dicussed

  2. #22
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by topchess View Post
    Thank you for posting your method.
    I will take this to demo testing

    Can you further explain, the use of MACD and MAs? I am afraid I do not get it relative to entry and exit decisions.
    please see the chart below you will get answer to you question and we can further discuss many details
    Attached Images Attached Images  

  3. #23
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by ramrocket View Post
    One thing I can think of is how often do you see RSI crossing 50 level? However when it does it could be the begining of a trend.
    i could not understand your question, can you explain it little more so that we can make some good logical answer to it

  4. #24
    Join Date
    Dec 2006
    Location
    Colorado, USA
    Posts
    142
    Quote Originally Posted by hello1234 View Post
    i could not understand your question, can you explain it little more so that we can make some good logical answer to it
    It's not a question but mainly an observation. If entry is based on RSI crossing the 50 level then we will miss other good potential trades. On a good trend, RSI will remain hovering either above or below the 50 level. Sometimes RSI will not cross the 50 level for days.

    If RSI bounced back and forth the 50 level, here's what I would do:
    After RSI crosses 50 long or short, I would check MACD fast line for momentum before entry. This will avoid potential head fakes. It usually take alot of energy to change a trend.

    Long Entry = MACD >= +0.0001
    Short Entry = MACD <= -0.0001

    Hope this helps.

  5. #25
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    thnaks ramrocket for your observation. i beleive this sytem automatically considers all such small observations. it is basically enter on the signal and if it is right ride with it and if wrong exit and control your loss with good money management.
    that is what the simplicity of this system is so that if someone is interested to trade two or three currency pairs he can have good concentration level to go on.

  6. #26
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    how good signals are provided by system in case of eurusd. all three signals in my style of trading

  7. #27
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    LOWIQ are you using this system and how you found it. plaese post your demo and live trades if you are using this system

  8. #28
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by hello1234 View Post
    you can consider going short in USDCAD at 1.1539 as first trade signal is given by the trend cross and MACD cross.
    watch your trade in eurgbo carefully in case of any adverse move indicated by indicators do exit and dont wait than if not than consider going long after the RSI cross of 50 for secong and 3rd trade otherwise wait for the next trade signal
    USDCAD trade is on the direction of giving 2nd and 3rd trade signal in next 4-8 hours or so but do watch the indicators carefully for any potential reversal.

  9. #29
    Join Date
    Dec 2006
    Posts
    223
    Looks to be a very interesting strategy. Only just come across this thread so can't comment more at this stage, but will be keeping up with the goings on a hopefully contributing more as time goes on!!

    Good luck!!

  10. #30
    Join Date
    Dec 2006
    Posts
    6
    Hello, Hello

    I spent last night looking at the RSI 45 cross. I think they give a pretty good idea of a trend starting, and simple. Haven't digested the indicators yet. Thanks for the insight. Can't find many original ideas with swing trading. Good job!

    I use Oanda..how can I get around level zero (Indicator)..

    generalz
    Last edited by generalz; 12-20-2006 at 03:58 PM.

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