Candle in channel - questrade forex trading hours

Candle in channel ~ questrade forex trading hours

Candle in channe,l this system is incredibly easy, but trades don’t occur too often.

Using this system on the 4-hour and Daily charts is advised.

The system uses:

6ema (of price highs)

6ema (of price lows)

50ema (of price closes)

We BUY when price is ABOVE the 50ema, a candle forms INSIDE the

6ema-channel, and price breaks the HIGH of this small candle:

We SELL when price is BELOW the 50ema, a candle forms INSIDE the

6ema-channel, and price breaks the LOW of this small candle:

Candle in channel

Exit position

Daily time frame

Set the stop loss level 30 pips below/above the entry the price, or below/above the previous low/high. Move the stop to the entry price (breakeven) at 35 pips profit.

Exit the trade at a profit of 50 pips or more.

4h time frame

Set the stop loss level 25 pips below/above the entry the price, or below/above the previous low/high. Move the stop to the entry price (breakeven) at 20 pips profit.

Exit the trade at a profit of 30 pips or more.

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Exiting a trade - forex trading hours easter 2015

Exiting a trade ~ forex trading hours easter 2015

Exiting Strategies: Targets

Support and Resistance levels

1 Short trades look for recent levels of support. Place your pips a few pips above these areas.

2 long trades look for recent levels of resistance. Place your pips a few pips below these areas.

Exiting Strategies: Dynamic

Trendlines

Short trades, use a trendlines across the top of the price. Draw it as tough you were looking for a long trade. Close short when price closes across trendline.

Long trades, use a trendlines across the bottom of the price. Draw it as tough you were looking for a short trade. Close long when price closes across trendline.

Moving Averages

Short trades, close trades when you get a bullish cross of 2EMA over 5 EMA.

Long trades, close trades when you get a bearish cross of 2EMA under 5 EMA.

Divergence

Short trades, when bullish divergence shows up, close the trade when you get a bullish Stochastic crossover.

Long trades, when bearish divergence shows down, close the trade when you get a bearish Stochastic crossover.
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Traditional MACD filtered with RSI - forex trading hours etoro

Traditional MACD filtered with RSI ~ forex trading hours etoro

Traditional MACD with RSI is a simpe and effective trend momentum trading System. This system is based on The MACD oscillator is have created by Gerald Appel . The MACD line is the difference between a "fast" EMA and a "slow" EMA. The Signal line is an EMA of the MACD line. In this strategy we have also the RSI for to filter the crossover signals of MACD.

Markets: Forex Majors and Index.

Time Frame 30 min, 15 min.

Indicators:

Traditional MACD: (34, 48, 30).

RSI (14, close) with level 55 and 45.

Trading rules Traditional MACD with RSI

Buy

When MACD crossing upward and RSI is > 55.

Sell

When MACD crossing Downward and RSI is < 45.

Exit with profit target od 20-25 pips depends by currency pairs.

Initial stop loss on the previous swing.

Vantages:This trading system is very simple and profitable ad you can use all platforms for trading.

Disavantages: In sidewais market It can generates false signals.

Traditional MACD filtered with RSI

Traditional MACD filtered with RSI

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