hi everyone, would just want to have my own thread here. Im hoping to learn from others as well as teach some newbies how to trade forex using my analysis.
so what do i use?
moving average 4, moving average 8, moving average 24, moving average 72
all linear weighted, HLCC/4
bollinger bands 24 deviation 1, bollinger bands 72 deviation 1, bollinger bands 72 deviation 2
all HLCC/4
what im looking for?
sell sell and sell. I dont look for buy as the winning ratio is not good enough.
When to TP? When it hits target, either bottom of BB 24 or bottom of BB 72 dev 1 (do NOT put your target at bottom of BB 72 dev 2 as sometimes it's too long to arrive there)
when to SL? When red line (MA4) moves above blue line (MA 8)
when to entry? When the up trend is over then it starts to enter BB 24 and red line cross to be below blue line.
Let's start with today. Atm im looking to sell USD/CAD but considering there's news 30 minutes from now most likely im going to wait for the news. Also, MA 4 is still above MA 8 so it's not confirmed yet
so what do i use?
moving average 4, moving average 8, moving average 24, moving average 72
all linear weighted, HLCC/4
bollinger bands 24 deviation 1, bollinger bands 72 deviation 1, bollinger bands 72 deviation 2
all HLCC/4
what im looking for?
sell sell and sell. I dont look for buy as the winning ratio is not good enough.
When to TP? When it hits target, either bottom of BB 24 or bottom of BB 72 dev 1 (do NOT put your target at bottom of BB 72 dev 2 as sometimes it's too long to arrive there)
when to SL? When red line (MA4) moves above blue line (MA 8)
when to entry? When the up trend is over then it starts to enter BB 24 and red line cross to be below blue line.
Let's start with today. Atm im looking to sell USD/CAD but considering there's news 30 minutes from now most likely im going to wait for the news. Also, MA 4 is still above MA 8 so it's not confirmed yet
