Friday, February 4, 2011

Forex trading strategy #4-a (1-2-3, RSI + MACD)

I have spent a considerable time studying your strategies and i would like to share with everyone what i have taken and now apply to my trading.
Any currency pair can be traded
Indicators: 5,10,20 EMAs - RSI - MACD
Time frame: I use 15min charts (I find bigger time frames to slow and bigger stops)
Entry rules: On an down trend wait for a higher low.
Find a 1-2-3 setup
Enter long just below 2 with stops just under 3
RSI MUST be above 50
MACD must be or just about to cross over. 
Exit rules: Once you have reached to same distance as risked close out.




123 Forex strategy
123 Forex strategy

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