- May 26, 2013
- Posted by: Forex Wiki Team
- Category: Forex Trading System
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Hi all i am trading this system now i made some change to it with the last setups and updates i wish the best for all
we will trade the system according to different templates and levels the doted line is weak levels and the dashed are strong levels that the price could bounce from .we can use candles also with the system .
best to all to demo trade it at first then go live if it worked up for you i am looking at eur usd now with monthly time frame we see that we have bounced from a monthly golden level and the price went up we are looking for coming levels now as in the monthly chart but we will trade daily and four hour and 30 minute charts as our daily trading .
we can use candles also and volume levels with the system but it is not a concept in this strategy .
we will have a look now at monthly time frame in eurusd from the system view as i said befor we are in up trend now we will look at lines at other time frames also and see if we will have a level that the price could bounce from
we will trade the system according to different templates and levels the doted line is weak levels and the dashed are strong levels that the price could bounce from .we can use candles also with the system .
best to all to demo trade it at first then go live if it worked up for you i am looking at eur usd now with monthly time frame we see that we have bounced from a monthly golden level and the price went up we are looking for coming levels now as in the monthly chart but we will trade daily and four hour and 30 minute charts as our daily trading .
we can use candles also and volume levels with the system but it is not a concept in this strategy .
we will have a look now at monthly time frame in eurusd from the system view as i said befor we are in up trend now we will look at lines at other time frames also and see if we will have a level that the price could bounce from
Attached Image (click to enlarge)
we will take a look now at time fram 4 h as we see the price came from down and have more gap to go it broke all levels but did not reach a level to bounce from yet looking at 30 minute we had a small bounce to down side then the price traded with low volumes and that means that less are selling it so we accept it to keep up trend we will enter long looking for level one in the monthly as target at 1.3557 or let say 1.3560
my best wishs
my best wishs
Attached Images (click to enlarge)
we will take a look at silver i believe it is in a down trend the price bounced from a middle level at weekly time frame and golden level at daily heading down it is bouncing up a little now but it will complete its way down
please see attached charts
please see attached charts
Attached Images (click to enlarge)
this is a look at usdjpy we will see that there is high levels coming up to 100 .we had a bounce to the down side in 30 minute time frame we have a good level to long now and stop loss will be at lowest point that made in the last bounce so small stop loss at 90.82 at other time frames we see that the road is open and no major bounce level as lines shows
my regards
my regards
Attached Images (click to enlarge)
this is a great trade carry trade as it will give you a lot of swap the try jpy for investors a big stop loss is preferred for small trader it is so risky so better to use small stop loss and never short it i like to call it the gold trade because even if you lose you will have positive swap added to you
Attached Image (click to enlarge)
looking at gbpusd cable we will see that we have brake a strong level at monthly so it is heading down but we will choose a good point for shorting it looking at 4 h time frame we see 1.5850 as a good point for shorting and until then we will watch if low is broken we will enter short if not we will wait for that point
my regards
my regards
Attached Images (click to enlarge)
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