30 mins chart setup
EMA 4, 60, 200
S 20,3,3
MACD 5,25,1
BUY:
EMA 4 cross EMA 60 upward and price is above EMA 200
MACD and S must be going UP
Do not trade if EMA 4 crossed EMA 60 more than 90 minutes ago
SELL:
EMA 4 cross EMA 60 downward and price is below EMA 200
MACD and S must be going UP
Do not trade if EMA 4 crossed EMA 60 more than 90 minutes ago
Do not trade within 2-3 hours of a major news and more effective if traded between 1am - 11am
Valid but risky if above/below criteria is not met but price is at least 30 pips away from EMA 200
Tuesday, January 6, 2009
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