Hello gents,lt;o
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My very first post in FF,lt;o
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I'm 4 years old in FX world, technical in GBP.lt;o
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I have this Intra afternoon sys to utilize and want to discuss it with u, it's simple and 90% proof.lt;o
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First, u have to know the trend direction for the day and MACD will accomplish that,lt;o
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when the slow line beneath zero then the trend is down, over zero then the trend is upward (I'm speaking about the first wave of the afternoon when there are greater than one)lt;o
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MACD should be put 8,18,9. Lt;o
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That is supported by the RSI if above 50 will be up or below 50 then down, and should be set to 21. Lt;o
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Now, the entry, SL and exit points,lt;o
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Entry stage should be made with a blue 5 closed EMA with a red 6 opened EMA.lt;o
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SL should be 5 pips above or below recent hi or low, more than 30 pips.lt;o
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Exit, if u r good with fibo then u should depart on 161.8% or tops and bottoms, R or S but no less than 30 pips in hand.
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Forgot to mention that the time period should be 30m and apply after 2300 Eastern Time.
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If the above are not met, don't enter the market.
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This sys is futile when it comes to the news.