Thursday, 1 August 2002

1 Hr Strategy

FX market is simple no rocket science though bit of quants will be useful.
Market move like "N", "V","M","W" - normally zigzag move. If you are making loss then it was your fault.

The analysis is first part. It is not complicated; try Moving Average 200 then 100 and 20. Once you got all the three lines then try a small strategy.

1. Your one leg is BUY and other one is SELL, now you want to walk on a line and that line is MA200.
2. Check the last two bars MA200 difference. If it is not flat then try next points
3. Buy when price is less than MA20, MA100 and its 150 pips/points lower than MA200.
4. Sell when price is more than MA20, MA100 and its above MA200 by 150 pips/points .
5. Never allow greed to takeover your trading target only 40 pips at any time - no hedging; please; Hedging is like you're a blind person and your stick helps with obstacles.
6. Try this for few days and you will start walking in FX. Then we can try other strategies to run.

No comments:

Post a Comment

Followers