3 12 Tunnel Breakout - forex market hours in pakistan

3 12 Tunnel Breakout ~ forex market hours in pakistan

3/12 Tunnel Breakout is a simple breakout system trend following requires:

three exponential moving averages:

12ema (of price highs);

12ema (of price lows);

3ema (of price closes).

Top Tip: This system is great for the Daily timeframe to get on board

some big runs... the 4-hour timeframe works well too!

Currency pairs: EUR/USD, USD/JPY, GBP/USD,USD/CHF, AUD/JPY, EUR/JPY, GPB/JPY, AUD/USD, NZD/AUD NZD/USD, USD/CAD, EUR/CAD, GBP/CAD, GBP/AUD, GBP/NZD..

To trade this system we just wait until the 3ema has gone in between the

high and low lines of the 12ema-channel.

On the next candle that closes and causes the 3ema to rise above the

12ema-channel – BUY:

3/12 Tunnel breakout

On the next candle that closes and causes the 3ema to fall below the

12ema-channel – SELL:

3/12 Tunnel Breakout

Exit position is discetionary but see this examples:

4H time frame

stop loss 30 pips on GBP/USD and 25 pips on EUR/USD;

profit Target 40 pips GBP/USD 30 pips EUR/USD.

daily time frame stop loss 60 pips on GBP/USD and 50 pips on EUR /USD;

profit Target 80 pips GBP/USD 60 pips EUR/USD.

Note this trading system is created only for higher time frame. Best time frame is 8H, 12H , or daily.

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Bollinger Bands as Support and Resistance - forex trading hours easter 2014

Bollinger Bands as Support and Resistance ~ forex trading hours easter 2014

Bollinger Bands as support and reistance is a trading strategy very simple its based on the Bollinger Bands and the RSI. This trading system itvery good.

Time Frame 4H

Currecy pairs any.

Indicators:

Bollinger Bands (20, 2);

RSI (35 period) with level (40-60).

If you observe the Bollinger bands are as Support and Resistance. The upper bands are as a dynamic line of resistance and the lower bands are as a dynamic line of support. If you observe the forex charts with these bands you can see that the price for most of the time swings into the bands and when touches the upper or lower band retraces back. This is the principle of this strategy.

To determine the best entry I added RSI indicator of strength.

Buy

Wait that the price touches the lower band and close above the band, if the RSI is between the levels 40-60 open a long position at opening of the nex bar.

Sell

Wait that the price touches the upper band and close below the band, if the RSI is between the levels 40-60 open a shor position at opening of the nex bar.

Profit Target 80-120 pips depends by currency pairs or meke profit on the middle bands..

Initial Stop loss 50 – 70 pips above/below the bands.

This Trading system is also good for trading with binary options high/low.

Expiry time 4 candles.

Bollinger Bands as Support and Resistance

Bollinger Bands as Support and Resistance

This strategy has been sent to Joy22.

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Third Candle Trading System - forex trading hours europe

Third Candle Trading System ~ forex trading hours europe

Third Candle trading system is very simple and profitable and you can apply this strategy also with Binary Options.

Time Frame 240 min or higher.

Markets: Forex, Index and commodities.

Indicator:

Exponential moving average 5 period, close. (optional)

Expiry time for binary options high/low 1 candle.

Pattern : two candle with close >open (buy), open<close (sell).

Buy

Find a candle formation above the moving average with open < close.

Place a buy order at opening of the third candle.

For a new setup of buy order wait a candle with open=close or open<close.

Place stop loss below the 2° candle.

Sell

Find a candle formation above the moving average with open > close.

Place a sell order at opening of the third candle.

For a new setup of buy order wait a candle with open=close or open>close.

Place stop loss above the second candle.

Profit target daily time frame 40- 60 pips dependes by currency pairs or markets.

Advantages: Little emotion and a profitability of between 55% and 65%.

Disadvantages the stop loss is almost always greater than the profit. But you can management the position, moved the stop loss at the breakeven after 30 pips in gains.

This trading system was created and posted by Joy22.

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