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Simple Method with 88%+ Winning Rate

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Simple Method with 88%+ Winning Rate
  #1 (permalink)  
Old 09-24-2012, 02:31 PM
Forex Trader
 
Join Date: Jan 2010
Posts: 17
funzybeegames is on a distinguished road
Time Frame: 1H

Indicators Setup:

• HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
• 72 EMA Closed – Average trend of three days (24*3)
• 12 EMA Closed – Average trend of the day (1*12)
• Supply/Demand – Place the Support/Resistance When You See them
• Round Number - Physiological Level is a market sentiment / a key level to watch

Entry :-

• Look for a Reject from 72 EMA
• Enter after the price closed above/Below the 12 EMA
• The entry Candlestick should be one single bar rejecting from 72 EMA & Closing Below/Above 12EMA & should be a Pinbar, Marubozu, Engulfing Pattern… Etc

Exit : - Its Up to a trader to decide depending on his/her risk, Close After the price closed below/above the 12 EMA or on a reversal or support/resistance etc.

Stop Loss ;- Swing High or Swing Low / Above or Below 72 EMA.



Happy Trading
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Last edited by funzybeegames; 09-24-2012 at 03:20 PM. Reason: Resizing the image
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  #2 (permalink)  
Old 09-26-2012, 12:27 PM
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Join Date: Aug 2012
Posts: 359
Shawnmichal is on a distinguished road
Thanks funzybeegames to share your trading strategy with us. I will follow it and hope, it will be profitable for me as well.
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  #3 (permalink)  
Old 09-27-2012, 11:40 AM
twi twi is offline
Forex Trader
 
Join Date: Nov 2010
Posts: 5
twi is on a distinguished road
Hi,
Thank you for this method, it looks nice!
Which currency do you use?
How long have you been trading this method?

Kind regard
twi
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