Forex trading strategy #9 (Teodosi's Moving Averages tunnel)
Submitted by User on September 20, 2007 - 08:21.
This Forex system was submitted by Teodosi.
Thank you!
We value your great efforts to help us building this free Forex strategies resource
where traders all over the world can find answers about Forex and pick up ideas that
will improve their trading!
-----------------------------------------------------------------------------------------------------------
"Hello guys i want to help all of you and i want to share you some good system.
Like many traders say good system is simple one an that`s why i`ll tell you one very simple.
This is......
- 1H (of 30MIN, but you will get more whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 12 WMA (in yellow)
- RSI = 21
Read entire post >>>
Hi Verna,
For 18 and 28 EMA in the red tunnel - the position doesn't matter.
For 5 and 12 WMA - it does matter - what matters is that both WMAs should cross the 18 & 28EMA tunnel.
Regards,
Edward
hi,
my stratergy sound same,
i use alligator 9,18,45
trade with same view.u can understand easily,but u make more profit if u use my stratergy for entry and ur for exit as i feel personally.
thanks for giving such an idea for early exit!!
mahesh dholariya
surat,india
Hi Mahesh,
Where can we find info on your strategy? Love the strategy, but I need entry/exit signs..
Dave
Hi Verna, I was hoping the guru would reply to you. Since he is busy, let me just say that from my own exp, I feel that the 5 above the 12 and vice-versa for short is best. Just seems to give better direction.
This is a really great strategy, isn't it?
Wong
Liking this strategy so far!
I'm always scared to keep the profit open, but I'm sticking to the WMA crossing as an exit point.
Edward
Sorry, I did not see that you had replied to Verna so I jumped in. Now I am reading your reply and it is confusing me a little.... You said that when 5 is above 12, we go long and when 5 is below 12, we go short. Pardon me, I thought for long, both 5 and 12 should be above the red lines (18 & 28 EMA) but if 5 crosses above 12 going upwards then its stronger trend. And similarly for short, 5 and 12 should be below the red lines and if 5 crosses 12 going downward, the signal is stronger? Hope you can clarify this, Edward.
Wong
This strategy seems to be working well.
I would need an example for an exit strategy..
Can anyone show their exit strategy (pref with picture)? Much obliged! :)
Dear Wong,
thank you for noticing, I totally messed it up.
It's been corrected now, and yes, you're 100% correct saying:
"I thought for long, both 5 and 12 should be above the red lines (18 & 28 EMA) but if 5 crosses above 12 going upwards then its stronger trend. And similarly for short, 5 and 12 should be below the red lines and if 5 crosses 12 going downward, the signal is stronger"
Best regards,
Edward
Post new comment