Look for main trend on the 4 hour chart
Trade using the 15 min chart
If the trend on the 4 hr chart is down then enter only SELL trade
If the trend on the 4 hr chart is up then enter only BUY trade
4 hr chart setup
EMA 5,10
S 10,3,3 slow and simple
RSI 9 and simple
15 min chart setup
EMA 5,10
S 10,3,3 slow and simple
RSI 9 and simple
MACD 12,26,9 exponential histogram
BUY:
EMA 5 cross above EMA 10
RSI > 50
S is heading up and not overbought
MACD goes from negative to positive or negative and increasing value
SELL:
EMA 5 cross under EMA 10
RSI < 50
S is heading down and not oversold
MACD goes from positive to negative or positive and decreasing value
Tuesday, January 6, 2009
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