Hi ,
I'm a new to FX. I have read various methods of trading posted here, all very strong styles, if applied correctly.
My favs :
1. Kolachi's 5WMA Price action
2. James16 Price action
3. Twoblink's OCC 55/56 tunnel
From this I created a separate system and kind of trading. I have been backtesting it for a little while and been fairly successful with it.
I trade the 4hr time period as a result of obligations.
My chart setup:
EMA 21
EMA 55
LWMA 200
EMA Envelopes
RSI 9
Heikin i Bars
Much like Kolachi, I take price and activity to get into trades so I enter trades prior to the cross really happen but instead of using 5WMA I utilize Heikin i pubs and RSI. I will post my trades here from now on.
There are two reasons why I do not take on MA crosses.
1. Lag
2. Whipsaw
They way I see it MAs are not just good fashion indiors but a good ossilator. They tend to draw away from each other after a correction through a good fashion, this is what I call the fading result or exactly what many of you would call a whipsaw.
MAs also behave good resistance regions, thus letting you utilize them as profit taking levels.
So here goes. . .this is SpeedFX.V2