Forex trading strategy #8 (Teodosi's simple system)
Submitted by User on September 20, 2007 - 04:59.
This Forex system was sent us by Teodosi.
We are proud to have such users willing to share their thoughts,
ideas and systems so that others can learn and trade Forex even more successfully!
Thank you, Teodosi! Your contribution is greatly appreciated!
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"Hello guys i`ve been using one very profitable system and i want to share
it with all of you. If anyone has any suggestion i`m open to hear something
new to add in it.
This is my system.
I use 1h chart on GBP/JPY with Stoch(5,3,3) and RSI(7). My idea is this ...
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Yes, this white candle in a down trend doesn't signal a return but incertancy. You must see which are the principal reversal situation with japanese candles.
Hi vasudevan,
where exactly did you stuck with understanding the trading system rules? Let us know, we'll try our best to explain.
Sir,
I didnt understand well of ur system.
Pls explain me in details,
My email is [email protected]
regards,
vasudevan
I am new to ForEx and - obviously - don't know too much but have been using this system for 3 weeks on daily basis and lost only one trade (due to my stupid error) so far. This is exacly what a novice trader needs: reliable system that helps him build self-confidence while he learns. Thank you so much for posting it
Yes, you can try.
Walter Chan wrote:
Using the GBP/JPY incur 9 pips spread. Am using FXDD MT4.
can I use this on eur/usd ?
It is difficult to say. Every single indicator you add, changes the rules, you'll get a new customized system each time. To find out which one of the new systems is the best, one needs to sit and compare them side by side thoroughly.
You'd need to find a volunteer, or do it yourself :)
Kind regards,
Edward
Also, for this method would using the EMA's and ADX/SAR be better than using MACD?
Hello guys!
I am looking at some other simple strategies and looking especially for the EMA's. There was one that said EMA 3,10 with ADX 14 and another with EMA 10, 25, 50 with ADX 50, and another one with EMA 2,4 and Stoch 5,3. Which one out of these 3 would work best for this system or just any system and why? Thanks.
You can trade: USD/JPY and GBP/USD too.
Best days are Tuesday through Friday.
Tom
Hello,
What other pairs can this be traded on that this system will work....and which days are best to trade using this system? Thanks.
Dave
Hi Warren,
Thank you for your kind words.
You can join via Forex Forum
Have a great day!
Edward
Hello Edward
I just happened to found your site. It is a beautiful thing.
You are just pure awesome! Thanks to you and everyone sharing and contributing to this site.
Good Trading Everyone!
With regards,
Warren, Canada
ps: How do I join as a member?
The setup appears to be correct.
That's simply a losing trade.
Here the last white candle and stoch. graph along with the RSI at bottom show the price levels to increase, but in fact they go down instead below even the 100 pip stop loss. Can any one explain this??
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