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
Showing posts with label pattern. Show all posts
Showing posts with label pattern. Show all posts
Tuesday, January 6, 2009
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