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.
:-)

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