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Trading Strategy

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Trading Strategy

On all charts I install a MACD using 9, 12, and 26 as the settings. Also on the chart I use a 9, 12, 26 settings for Exponential Moving Averages. I look to a 4 hour and a 1 hour timeframe to determine what direction they are in. I note support and resistance so that when I go to a 5 minute for scalping it will all make sense. Then I know what direction to be trading for morning scalping. Must wait for candle closes before entering trade. That takes patience . I also use a strength indicator to view at a glance what countries are moving and therefore which pair or pairs would be best choice. Object is to stay in until a support or resistance has been reached or MACD is losing momentum. That means the MACD has crossed the 0 line or price has switched sides of the Exponential moving average lines.

Fri, 08/23/2019 - 12:43pm