These ema 14 forex can be applied to all time interval. The following picture illustrates the rules. This tactics will give you the possibility to avoid non-predictable market movements. This rule will protect you from big market movements which take place during a very short time interval.
Before starting the real trades, it is better to test any system on demo Forex trading accounts. Forex trading system in the world will not spare you the necessity of constant market monitoring. Share your opinion, can help everyone to understand the forex strategy. Who’s online There are currently 6 users online. Submitted by User on December 26, 2010 – 10:23. Entry: place a buy order when price closes above the 14 high and PSAR is also under the candle, while you place a sell order when price closes below the 14 low and PSAR is above the candle. SL is 50-60pips while take profit is 60-100pips.
Re-entry could be made if prices are still under or above the channel of the 14 high and low and PSAR reverses then ligned up again in the direction of the channel. I am really finding it hard to post charts, so i guess you could set up the charts using the information i have given, and if you don’t get it, drop me your questions. I would always say, fx is the simpliest business on earth, and easy money, please don’t make it hard, thanks. Submitted by Phil on December 26, 2010 – 14:17. Can we use this on shorter time frames? Submitted by User on December 27, 2010 – 06:50. A nice system it is and has a potential for huge profits.