Forex Trading Strategy 142 - forex xmas trading hours

Forex Trading Strategy 142 ~ forex xmas trading hours

Market Analysis of the 6th of September 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1
Click on the Menu on "Market Analysis" for all the analysis.

After the NFP release news, all the pairs (except EUR/JPY) are still in wave 3 reaching, for most of them, the lowest/highest price. No sign of the end of the move: No BDC neither sign  of divergence between the ewave and the price. Therefore no setup on D1 but we can still consider to take H4/H1 setups in the direction of D1.

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Forex Trading Strategy 144 - forex trading plan .xls

Forex Trading Strategy 144 ~ forex trading plan .xls

Trade of the week: Nice +5% Profit (+140 pips) trade on EUR/USD H1 on 24-26 September 2014
For more details, click "Examples of Trade" in the menu

An H1 trade in the direction of H4: We expect the wave 5, we take the setup on the double break H1-H4 of the fractal Box

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Traditional MACD filtered with RSI - forex trading hours etoro

Traditional MACD filtered with RSI ~ forex trading hours etoro

Traditional MACD with RSI is a simpe and effective trend momentum trading System. This system is based on The MACD oscillator is have created by Gerald Appel . The MACD line is the difference between a "fast" EMA and a "slow" EMA. The Signal line is an EMA of the MACD line. In this strategy we have also the RSI for to filter the crossover signals of MACD.

Markets: Forex Majors and Index.

Time Frame 30 min, 15 min.

Indicators:

Traditional MACD: (34, 48, 30).

RSI (14, close) with level 55 and 45.

Trading rules Traditional MACD with RSI

Buy

When MACD crossing upward and RSI is > 55.

Sell

When MACD crossing Downward and RSI is < 45.

Exit with profit target od 20-25 pips depends by currency pairs.

Initial stop loss on the previous swing.

Vantages:This trading system is very simple and profitable ad you can use all platforms for trading.

Disavantages: In sidewais market It can generates false signals.

Traditional MACD filtered with RSI

Traditional MACD filtered with RSI

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