Step 1
Open EURUSD
Set to 1min
Remove all clutter inc grid lines
We load …………Market_open_lines C
We set to the correct times find a source that tells you what times the market opens in you part of the world and apply to this indicator
We load a. …………Stochastic indicator 533 low/high simple
Set 3 lines 20 ,50 and 80
This will work with the MACD
We load the ……..MACD _ 4Z
The 4 colours help us enter
Remove all horizontal lines
Step 2
Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market
In this example the bias is up so we then draw a horizontal line on the low of the Euro session
If this is broken before we get a signal we then look for a short.If its not broken then we continue looking for a long trade
This is shown in Chart A
Step 3
We now need the MACD to go red this is going to help us find the best retracement
Within the period the MACD is red we need the Stochastic to be below 20
The vertical line in chart B shows this
Step 4
We now need the MACD bar to go from dark red to red as in chart C and we need the Stochastic to be below 50 at this point
Step 5
We set the TP and SL
The SL is always 5% of the bank
The TP is always 15% or 3 times the SL
0 comments:
Post a Comment