MY TRADING SYSTEM
my trading system is made up of THREE Exponential Moving Average.
Exponential Moving Average 3 which has Red colour
Exponential Moving Average 21 which has Yellow colour
Exponential Moving Average 55 which has Blue colour.
They are all applied to the close.
I also use MACD with the default setting.

Trading Rules:

Long ( bullish):
Go long if both Exponential Moving Average 3 and Exponential Moving Average 21 crosses above Exponential Moving Average 55.
MACD histogram must go from negative to positive or be negative and start to increase.

Shoth (Berish):
Go short if both Exponential Moving Average 3 and Exponential Moving Average 21 crosses below Exponential Moving Average 55.
MACD histogram must go from positive to negative or be positive and start to decresase in value.

TIME FRAME:
i use the 15 mins time frame. but use the 4hours time frame for confirmation of trend. Do not trade against the 4hour trade. before placing a trade, look at the 4hours trend first.

STOP LOSS:
Remember to always place your stop loss.
i place my stop loss at the recent swing low (for lond trade)
and the recent swing low (for short trade).

TARGET:
Target should be set at 30pips. in most case i trail my profit bcos the signal generate lot of pips.

Your can Demo trade on the system and tell me the result. Your trading system is also welcome on this thread also, so feel free to post. thanks.

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I have made over 40pips using my system today.
i hope u are demo trading on it........ becos if u are not.
You are missing out from the fun.

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On the four hour chart we see a decline on the RSI indicator where the direction at the 14 level is sideways while the pair is still moving to the downside since the 25th of this month. From here we expect to see an upside correction targeting the 1.85 level at the very least but before finding a strong support to aid these movements. The strong support level starts from the 1.82 levels with the strongest at 1.8270. From another point of view, the 1.8225 level at the 38.2% correction for the ascending channel that started on June 17, 2001 can still be reached. We expect the movement for today to be fluctuating with tendency to the downside to gather bullish momentum to incline in the upcoming period.

The trading range for today might extend among the support level at 1.8220 and the resistance level at 1.8530

The general trend remains to the downside as far as 1.9485 remains intact with targets at 1.8070


(not from my system) just trying to help

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