#3 The Best of EMA Crosses on S/R
Submitted by Edward Revy on June 5, 2008 - 07:03.
AUTHOR: Ayetemimowa James
STRATEGY: The Best of EMA Crosses on S/R
Time frames: 1hr and 15min
Indicators: 5ema(close-red), 6ema(Open-blue), 20ema(close green), Daily, weekly, monthly pivot,Fibonacci retracement Weekly and Daily support and resistants, Breakout-Eagle Indicator.
PAIRS: Anything traded online that respects technicals - Commodities, FOREX, INDEXES, SHARES ETC
SETUP:
I will be using EUR/USD June 3 as an example.
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Please could you explain what the breakout eagle indicator is used for and how it aids trading?
You asked us to put it among the other indicator but you did not explain why it is inserted in the chart.
Chux
It's is important that you allow the candle in 15min timeframe to close and u see the arrow then the next move to to check the 1hour time frame.
James
Hello Chux, setting the breakout eagle indicator to the active session you want to trade gives a visual aid.
James.
When you get a buy or sell signal on the 15 min chart when you swith to the 1 hour chart does the 5 and 6 have to be crossing at that point or could it have crossed on previous bars?
I have a sell signal on GBP/CHF when i switched to the 1 hour chart the 5 and 6 had crossed but they crossed about 5 hours ago?
thanks
Mike
Great worked, thanks James for sharing!
Tom
There must be 100 or more red horizontal dashed and solid lines on the chart in your template. What are they used for in your strategy, and how did you determine them?
When you get a buy or sell signal on the 15 min chart when you switch to the 1 hour chart does the 5 and 6 have to be crossing at that point or could it have crossed on previous bars?
Frank
It seems great james. I wud definately try it.
Thanks for sharing..:)
Krsna
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