tag:blogger.com,1999:blog-83062612854682741192011-04-21T21:28:30.831-07:00e.nterprisehttp://www.blogger.com/profile/03269544446663501044noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-8306261285468274119.post-70172200931479413992008-06-12T16:39:00.001-07:002008-06-13T00:41:34.862-07:00This is my Forex System.<br /><br />Wins and Losses will be updated once a week.<br /><br />I basically use moving averages to trade with my system<br /><br /><p class="MsoNormal" style="margin-bottom: 12pt;">This is my setup</p> <p class="MsoNormal" style="margin-bottom: 12pt;">Weigted Moving Average (<span style="color: rgb(255, 0, 0);">WMA</span>) : 100 <span style="color:red;">RED</span></p> <p class="MsoNormal" style="margin-bottom: 12pt;">Simple Moving Average (<span style="color: rgb(255, 153, 0);">SMA</span>) : 15 <st1:city st="on"><st1:place st="on"><span style="color: rgb(255, 153, 0);">ORANGE</span></st1:place></st1:city><span style="color: rgb(255, 153, 0);"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom: 12pt;">Exponential Moving Average (<span style="color: rgb(51, 255, 51);">EMA</span>) : 3 <span style="color:lime;">GREEN</span></p> <p class="MsoNormal" style="margin-bottom: 12pt;">Chart: 15 min (Intraday) or 4H (Daily)</p><p class="MsoNormal" style="margin-bottom: 12pt;"> </p> <p class="MsoNormal"><o:p></o:p></p> <p class="MsoNormal"><o:p></o:p></p> <p class="MsoNormal"><o:p></o:p></p> <p class="MsoNormal" style="margin-bottom: 12pt;"><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-8.jpg" alt="" /><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-9.jpg" alt="" /><span style=""><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" spt="75" preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"> <v:f eqn="sum @0 1 0"> <v:f eqn="sum 0 0 @1"> <v:f eqn="prod @2 1 2"> <v:f eqn="prod @3 21600 pixelWidth"> <v:f eqn="prod @3 21600 pixelHeight"> <v:f eqn="sum @0 0 1"> <v:f eqn="prod @6 1 2"> <v:f eqn="prod @7 21600 pixelWidth"> <v:f eqn="sum @8 21600 0"> <v:f eqn="prod @7 21600 pixelHeight"> <v:f eqn="sum @10 21600 0"> </v:formulas> <v:path extrusionok="f" gradientshapeok="t" connecttype="rect"> <o:lock ext="edit" aspectratio="t"> </v:shapetype><v:shape id="_x0000_i1025" type="#_x0000_t75" style="'width:431.25pt;"> <v:imagedata src="file:///C:\DOCUME~1\Dev\LOCALS~1\Temp\msohtml1\01\clip_image001.png" title=""> </v:shape><![endif]--><!--[if !vml]--><!--[endif]--></span></p><p class="MsoNormal" style="margin-bottom: 12pt;"><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-3.jpg" alt="" /><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-4.jpg" alt="" /><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-5.jpg" alt="" /><img src="file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-6.jpg" alt="" /></p>Rules of the trade: <p class="MsoNormal" style="margin-bottom: 12pt; font-weight: bold;">Go Long when:</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses <u style="font-weight: bold;">above</u> <span style="color: rgb(255, 0, 0);">WMA</span></p> <p class="MsoNormal" style="margin-bottom: 12pt; font-weight: bold;">Go Short when:</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses <span style="font-weight: bold;">below</span> <span style="color: rgb(255, 0, 0);">WMA</span></p> <p class="MsoNormal" style="margin-bottom: 12pt; font-weight: bold;">Take Profit when:</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses SMA. This is a sign that the current trend is turning in the opposite direction.</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="font-weight: bold;">Stop Loss:</span> This is where you can make the system your own. If I am doing day trade, I place my stop loss at the mid-point of the previous candle. Intra-day trading, I just let the profit run until the <span style="color: rgb(51, 255, 51);">EMA</span> crosses the SMA.</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp3.blogger.com/_V9IvUG4jFF4/SFG7wv4q1BI/AAAAAAAAAAc/tOI1UvW4Eso/s1600-h/forex+system.bmp"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 380px; height: 283px;" src="http://bp3.blogger.com/_V9IvUG4jFF4/SFG7wv4q1BI/AAAAAAAAAAc/tOI1UvW4Eso/s320/forex+system.bmp" alt="" id="BLOGGER_PHOTO_ID_5211152690006643730" border="0" /></a></p> <p class="MsoNormal" style="margin-bottom: 12pt;">Example1 :<br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"><span style="font-weight: bold;">Go Short</span><br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses below <span style="color: rgb(255, 0, 0);">WMA</span> and candle closes below <span style="color: rgb(255, 0, 0);">WMA</span></p><p class="MsoNormal" style="margin-bottom: 12pt;">I place a sell order on the next candle open at 1.5633</p><p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses <span style="color: rgb(255, 153, 0);">SMA</span> signalling reversal of short term current downtrend</p><p class="MsoNormal" style="margin-bottom: 12pt;"><br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"><br /></p><p class="MsoNormal" style="margin-bottom: 12pt;">I take profit at open of next candle at 1.5550</p><p class="MsoNormal" style="margin-bottom: 12pt;">Profit: 1.5633-1.5550=83 pips<br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"> <br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"><span style="font-weight: bold;">Example 2: Go Long</span></p><p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses above <span style="color: rgb(255, 0, 0);">WMA</span> and candle closes above <span style="color: rgb(255, 0, 0);">WMA</span></p> <p class="MsoNormal" style="margin-bottom: 12pt;">I place a buy order on the next candle open at 1.5595</p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="color: rgb(51, 255, 51);">EMA</span> crosses <span style="color: rgb(255, 153, 0);">SMA</span> signalling reversal of short term current uptrend</p> <p class="MsoNormal" style="margin-bottom: 12pt;">I take profit at open of next candle at 1.5647</p> <p class="MsoNormal" style="margin-bottom: 12pt;">Profit: 1.5647-1.5595=52 pips</p><p class="MsoNormal" style="margin-bottom: 12pt;"><br /> <br /></p><p class="MsoNormal" style="margin-bottom: 12pt;">(Updated June 13)</p><p class="MsoNormal" style="margin-bottom: 12pt;">Winning Trades: 11<br /></p> <p class="MsoNormal" style="margin-bottom: 12pt;">Losing Trades: 2<br /></p>Week 1: Net Pips made: 225 pips<br /><p class="MsoNormal" style="margin-bottom: 12pt;"><br /></p><br /><p class="MsoNormal" style="margin-bottom: 12pt;">Wacha wanna do now?</p><p class="MsoNormal" style="margin-bottom: 12pt;">Seriously after all that info overflow....take a break...let it sink in....</p><p class="MsoNormal" style="margin-bottom: 12pt;">Bookmark this page if you wanna pimp my system ;)<br /></p><br /><p class="MsoNormal" style="margin-bottom: 12pt;"><br /></p><p class="MsoNormal" style="margin-bottom: 12pt;"><a href="http://forextradingforus.blogspot.com/">Return to Forex Trading for the Layman</a><br /></p><br />Or continue Browsing:<br /><br /><ul><li><a href="http://whytradewithforex.blogspot.com/">Firstly, I'd like to know...Why Forex?</a></li></ul><br /><ul><li><a href="http://free-forex-for-you.blogspot.com/">I want to download the FREE forex stuff which YOU PAID for. 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