Trading The Bars

[SavantGarde]

Re: Strategies, Systems & Indicators

EUR/USD Shorts should be covered..... Between 1.3310-1.3285

Happy & Safer Forex

SavantGarde

 

[engel]

eur/usd is being hammered down.

 

[sanjoy_roy]

Hi Savant G, Engel, Vicky,

Read this thread from start to end. AMAZING.

Ur strategies and help is appreciated Savant G.

Engel, so happy to see u grow and getting praised by Savant G.

Vicky, hope u have taken FX trading full-time saving urself from ur demonic manager.

Thanks,
Sanjoy

 

[daitya]

Here Are Few Strategies Outlined Below:

STRATEGY-I

1. Trade During Peak European or US Trading Times

2. Trade Only With The Trend & Never Against It

3. Use The 5 Minute Chart

4. Use Candlestick Chart

5. Plot EMA-12

6. When You Spot Three Candles That Clear The EMA Line Without The Body or Wicks Touching The EMA Line, Enter The Trade At The Start Of The Fourth Candle (But Only If The Difference Between The Lowest Point Of The Three Candles & The Highest Point Of The Three Candles Is Not Less Than 10 Pips)

7. Set Your S/L At 20-30 Pips Behind The Lowest Part Of The 3 Candles

8. Take Profits Aroundr 15-18 Pips

9. Place Trailing Stop To Always Make At Least 5 Pips


STRATEGY-II

1. Trade During Peak European or US Trading Times

2. Trade Only With The Trend & Never Against It

3. Use The 30 Min. Chart

4. Use Candlestick Chart

5. Set SMA-12

6. Set Another SMA-28

7. Put The Trade When One Single Candle Body (Not The Wick) Crosses Both SMAs 12 & 28

8. Set S/L 20-30 Pips Behind Entry (Try & Get The S/L On The Other
Side Of A Pivot Point Or Trendline)

9. Take Profits After 12-18 Pips

There Is One More Will Post It Later

Happy & Safer Forex

Hi SavantGarde,
Regarding the "strategy II" I have one que.
Should ma cross over required for entering the trade?
Or
I can trade in the direction of the single candle which crosses both ma?

Please clarify..
Regards.

 

[engel]

http://www.forexlive.com/
Helps a lot during trading....

 

[SavantGarde]

Hi Engel,

Saw you here at TJ the other day.... How are you doing...???

Happy & Safer Forex

SavantGarde

http://www.forexlive.com/
Helps a lot during trading....

 

[SavantGarde]

Hi Rishi,

Will require another couple of weeks.... to complete before I post it.

Haven't decided whether I shall be posting it here or a new thread...

Happy & Safer Forex

SavantGarde

 

[SavantGarde]

Folks,

Seeing the interest generated in Forex Trading by smaller traders in the last 6 months or so... thought of bringing together all the 3 strategies into a single post here....and hopefully Traders can stay on the right side with decent gains without blowing up their Accounts.

STRATEGY-I (5 Minute TF)

1. Trade During Peak European or US Trading Times
2. Trade Only With The Trend & Never Against It
3. Use The 5 Minute Chart
4. Use Candlestick Chart
5. Plot EMA-12
6. When You Spot Three Candles That Clear The EMA Line Without The Body or Wicks Touching The EMA Line, Enter The Trade At The Start Of The Fourth Candle (But Only If The Difference Between The Lowest Point Of The Three Candles & The Highest Point Of The Three Candles Is Not Less Than 10 Pips)
7. Set Your S/L At 20-30 Pips Behind The Lowest Part Of The 3 Candles
8. Take Profits Aroundr 15-18 Pips
9. Place Trailing Stop To Always Make At Least 5 Pips


STRATEGY-II (30 Minute TF)

1. Trade During Peak European or US Trading Times
2. Trade Only With The Trend & Never Against It
3. Use The 30 Min. Chart
4. Use Candlestick Chart
5. Set SMA-12
6. Set Another SMA-28
7. Put The Trade When One Single Candle Body (Not The Wick) Crosses Both SMAs 12 & 28
8. Set S/L 20-30 Pips Behind Entry (Try & Get The S/L On The Other
Side Of A Pivot Point Or Trendline)
9. Take Profits After 12-18 Pips


STRATEGY - III (15 Minute TF)

1. Trade During Peak European or US Trading Times
2. Trade Only With The Trend & Never Against It
3. On The 15 Min. TF
4. Use The Candlestick Chart
5. Plot SMA-6
6. Plot Another SMA-46
7. Once The Two MA Lines Cross Wait For The Candle (Not The Wick) To Touch The SMA-6 Line To Enter The Trade.
8. Initially Place S/L At 20-25 Pips Behind Entry
9. After A Profit Of 15 Pips Then Protect 10 Pips Of Profit & Use A 5 Pip Trailing Exit.
10. If The Stop Hits & A Candle Body Is Still Touching The SMA-6 Then Do Not Exit The Trade (Or If You Have Exited Automatically Then Just Re-Enter)
11. Lower Profit Protection To 0-2 Pips (Set TSL 13-15 Behind Entry)

Happy & Safer Forex

SavantGarde

 

[Rkji]

savant sir

does one enters on touch of candle on ma or on next candle after the close of candle touching the ma ..

regards
rishi

STRATEGY - III (15 Minute TF)

7. Once The Two MA Lines Cross Wait For The Candle (Not The Wick) To Touch The SMA-6 Line To Enter The Trade.

 

[SavantGarde]

Hi Rishi,

Entry is on the Touch of the Candle BODY ... not close of the candle.

Considering...earlier condition of the MA crossover is fulfilled...one needs to prepare for the entry... and touch of the Candle Body is the entry point.... this is necessitated because the two MAs used in this particular startegy has a difference of 40 bars.

Happy & Safer Forex

SG

savant sir

does one enters on touch of candle on ma or on next candle after the close of candle touching the ma ..

regards
rishi