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Black Dog Forex Trading Journal
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[QUOTE="Vanhook2, post: 9138, member: 4134"] [b]I just found this......[/b] The following was copied from another site. These rules are not mine.:eek: But they make sense.:D IS IT A VALID TRADE OR NOT? MTF3 or SES indicator signals potential trade (Also trade retracements which go down/up through the 15 ema then retrace using the same criteria.) Trade in direction of latest black dog? Macd above 0 for buy - below 0 for sell Close enough to ma’s ie no more than 20 pips or so away from 15 ema & 40 from 50’s channels. 15 ema clear of 50’s channel or very close Enter 3 pips beyond high/low of signal candle to get a bit of market confirmation Dont trade around the time of major news announcements MANAGING TRADE If it is a trade then; 30 pip ‘hard stop’ 100 pip profit limit Close trade as soon as price closes in the ma’s & re-enter if get SES in right direction (if price not too far from MA’s) When goes to 20 pips profit 2/3 off then let the 1/3 run Move stop loss up to entry point to guarantee at least 13 pips profit Close when price closes in the MA’s or @ 18.00 [/QUOTE]
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