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Forex Trading analysis system

Sunday, October 4, 2009 , Posted by forex trading at 3:27 PM

It was a Euro/USD chart analysis for this system
Now this a USD/CHF daily chart analysis.
Candle "A" closed below EMA(34) which is also below SMA(150)
Stochastic lines are downward too
Entry point is at : 1.2020-10=1.2010 (candle's low - 10)
Stop loss= ATR*70%= 80*70%=56 points
Stop loss is at : 1.2010+ 56= 1.2066
close position is at 1.1884 at the close of candle "C"
gain= 1.2010- 1.1884= 126 pips

Re-entry is done at the close of candle "1" when price get back towards EMA(34) and closed below it with a CCI trend continuation sign by the cross of CCI(14) to ZL
Entry is at candle close low - 10
I.E at 1.1775-10=1.1765
Stop loss = 88*70%= 62 (rounded)
Stop loss is put at 1.1765+62=1.1827
Closing position is done at the close of candle at 1.1776
So, if the trader has not moved stop level every day's end the trade
losed : 1.1765-1.1776= - 11 pips
But by using stop trailing such trade is a succeeding trade as obviously noticed.

Hint: Do not forget to move stop loss in the way suiting U.

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