03-21-2008, 05:44 PM
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Forex Leader
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Join Date: Nov 2006
Posts: 454
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Quote:
Originally Posted by oilfxpro
This is not a stategy traded everday.U will probably get 1 or 2 trades a month per pair.
In the chart below the price on the 17 january closed at 1.4642 ,and your entry price 3 days later is 25 pips below is at 1.4617 for a long position on the 22nd (3 rd working day excluding saturday .Entry is shown by red arrow
The hour chart shows 3 /10 /36 m/a is in place on 1 hour chart.3 lwma is greater than 6 lwma and both 3 and 6 lwma are greater than 36
If I was using this system manually I would use wmas 3/6/12 on 1 hour charts
As an experienced trader I would use trailing stop loss and move the price to breakeven after 50 pips, and if the price stalled I would look at the whole scenario again
OILFXPRO
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Are you praising yourself here  or am I getting it all wrong LOL
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