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Friday, 16 August 2013

TREND FOLLOWING MADE EASY

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Trend trading made easy


Long entry : 1- MACD must be above 0 line.
             2- Price must be above Spat smooth Heinken Hashi
             3- Cynthia entry stop turning from magenta to aqua (always wait for the bar to close and enter on next candle)
             4- Stochastic oscillator pointing up
             4- Look for additionnal informations from GG trendbar, signal, Ribbon trader, FerruFx multi info and Stratman                       minichart to see how is the trend going on other timeframes
             5- Use the latest swing high for stop loss
             6- Take profit when opposite signal from Cynthia entry stop or just use turtle strategy (it is your choice)
                You can also use pivot points to take profits.
            
             In my conclusion, I only use Weekly pivots and I only use Weekly supports and resistances too. My take profits are always based on weekly pivots and not daily pivots

            
Short entries: Opposite from long entries.

         
This system works on any pair, any timeframe.

I personally prefer xauusd, audusd and euraud as they are not as volatile as major pairs, so the risk to touch my stop loss is very minimal. On major pairs, you have to absolutely use the latest swing high or low as stop loss and not the cynthia entry stop as stop loss.


So in this strategy you have the entry, the stop loss and the take profit.

Good luck!
Www.lowbrokmcx.blogspot.in

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