Hi there...
In this post I will write about my simple and profitable strategy that I have been using for quite sometimes with great success. Of course you may heard it somewhere or you may think that this is not workable, but trust me, these are what i did everytime money pours into my trading and bank account.
Let's start.
1. First thing first, I am using a Kuasa Forex (KF) system as my main market trend analyser. I'm not selling anything here but if you're curious what it is, you can visit kuasaforex.com for further details or you may click the banner located on the right column of this blog... my apology in advance as the website is written in Malay. I have zero relation with the web owner who is a millionaire already.
2. Why KF? Simple... I love the ready made lines showing the daily pivot, resistance and supports that change accordingly after New York close. Other than that, I discovered that using its 5 minutes & 15 minutes time frames proves to be powerful enough with my scalping and mini-swinger strategy.
3. Another indicators are RSI and Stochastic that are used together with 4hrs time frame. Together with this time frame, I include in the 6 & 12 SMA as when these crosses each other, it's a good sign to enter long or short.
4. Last but not least, I am using a 10 EMA located on my daily chart. If the price is above the 10 EMA, you should consider to go long and vice versa. Simple.
Yes, that's all. I had use and tried several systems (free and bought online) but those mentioned above seems the one that I am comfortable with.
Surely it's not 100% but it's fair enough for me to consider whether I should take that particular trade or otherwise. The best time to trade with a system is when there is no major news release, when price actions are purely base on market's technical movement. News hours should be traded with cautions or perhaps to be avoided at once unless you love the actions.
Adios.
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