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Thursday, January 29, 2009

The Method

Okay, here is the explanation of the method:

Indicators:
EMA (30), QQE (5), Gann (30), 2 EMA Crossover (13 & 21), 3 EMA Crossover (5,13,21).
Additional tools:
Fibonacci retracement & trendlines.

Buy condition:
13 EMA above 21 EMA, QQE above 50 level.
Entry at 30 EMA (EMA changes every bar, so entry point needs to be updated each bar)
Initial SL level is the 2 EMA crossover arrow or just simply the support/previous low.
Target 121 pips ;P

Sell condition:
The opposite.

For SL, I wait until the candle closed across SL level. I backtested the method and got 50% return/monthly in average for Jan '08 - Mar '08.

Okay, got to go! My lecturer watching me.. :P Byee..

1 comments:

Online secret said...

Nice forex blog, keep up your good work

Online Forex Trading