Any system need to have a very good basic to stand on. Once the basic is sort out, then all the accessories can be add on. Just remember not to add too much to it. Today I am going to give a basic system. It consist of only 2 indicators. Being simple, it is able to generate good signal. Just remember to put SL properly. Indicators:1. LWMA 552. MACD standard setting Time frame: 30m Stop Loss : 35 pips Take Profit : 35 pips or more. Currencies : EurUsd, GbpUsd, [...]
Posts Tagged ‘BASIC’
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A BASIC SYSTEM – 10/05/10
I posted a basic system before with a chart of GbpUsd. Now I am going to use the same system and post the same pairs again.Now GbpUsd has cross above LWMA55 and Macd has cross also. This is a new signal. So from now on only consider long position on GbpUsd. Btw anyone notice the price on this chart with the one i posted earlier? Someone posted trade details. It seems the way I am trading will make me go bankrupt. All I can say is you dont have the [...]
