Sunday, June 15, 2008

Simple EMA Setting

This is simplest workable EMA setting. I have use it trading in different currency, but it really work on GU pair.
Set ur moving average to :
EMA 1 : 4 MA (Yellow)
EMA 2: 13 MA (Blue)
EMA 3: 50 MA (Red)
For buy position comfirmation , 4EMA will cross up 50 EMA followed by 14 EMA. Close your buy position when 4EMA cross 13EMA.
For sell position comfirmation, 4EMA will cross down 50 EMA followed by 14 EMA. Close your sell position when 4 EMA cross 13EMA.
I put my tp at 200pips for GU pairs. But when my more than 100 pips, i put my stoping trails at 100pips.
:-)

Monday, June 9, 2008

G/J and G/U going crazy

Thanks God I close my posistion after getting 467pips on G/J and 346 pips on G/U. I was holding my posisition since thursday after my 4 ema and 13ema crossing 50 ema on G/J and G/U 4 hours chart. This is my entry signal for long term.

If 4 ema and 13 ema crossing 50 ema upside, it is a uptrend. otherwise it is downtrend. I also use stochastic and RSI to see if the pair is overbought or oversold. My entry position is when the currency trend start reversal at 4 hours chart.

I also put trendline to comfirm the reversal. dont forget to see the daily candlestick. The important thins is you must be patient and only entry your position when ur indicator say so.

I trade on EU, GU, GJ, and AU

Last week : 2301 pips.