Showing posts with label Do you make Profit ?. Show all posts
Showing posts with label Do you make Profit ?. Show all posts

Thursday, May 17, 2007

Do you make Profit ?

So far did you make profit in your trading, I hope
you did If you haven’t make any profit during your
trading I can conclude that you hadn’t found the one
that suits you.

As I always say that there is no “holy grail” for all
traders But one simple strategy can be a real holy grail
for somebody. The difficult thing is only to choose
which one suits you among thousands of system / strategy.

Therefor, I still want to give you a time to choose
and practice some of them. In this short writing I give
you also A very simple strategy that I assume you can
make profit.

Let’s practice :

10 Minute Chart Day Trading Method

Please note: If you wish to trade this method on 5 minute
charts, you will need to double all of the indicators.
The (5 period WMA would be charted as 10, the RSI would
be set at 28 etc...)

Description: An intraday trend following trading method,
using the following indicators:

• 5 period WMA
• 10 period SMA
• Slow Stochastic (5,3,3)
• RSI (14)
• MACD (default)


Rules: Add the above indicators to your 10 minute chart.
Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.


BUY the exchange rate when the 5 WMA crosses up past
the 10 SMA and the Stochastic is signalling up, RSI > 50
and the MACD histogram >0 and MACD averages crossed up.

SELL the exchange rate when the 5 WMA crosses down past
the 10 SMA and the Stochastic is signalling down, RSI<50
and the MACD histogram <0 and MACD averages crossed down.

Stop-Loss Level: 20 pips









Happy trading










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