imnotapro250

Gere you go bud simple system if your discpline to only take signals when the systems gives you the go the professional swing traders use this one

they jokingly named it the Holy Grail and it is simple trend trading system that can be used on anytimeframe wouldn't recommend 1 or 5 min charts though for a beginner since they have alot of niose. here you go it is the ADX Average Directional Movement Indicator and the 20 Period EMA a great trader named Linda Bradford Raschke came up with the Holy Grail heres how you trade it and trade it this way only

 

long signals price is above the 20 period EMA and ADX indicator is above the 30 level then and only then you go long

 

short signals price is below the 20 period EMA and ADX indicator is above the 30 level then and only then you go short

 

That's it the signals are simple and easy if you have self-displine you can put your stops at the oppiste side of the 20 EMa or you can wait till a price bar closes in opposing side of the 20 EMA to exit the trade depends on your risk tolerence.

 

Like I said the system is a simpe trend trading system and the key to it working is the ADX being above the 30 level in the direction of the trend which is ID'D by the 20 EMA professional swing traders use this as there income grenerating stradegy till they get some account size to trade more longer range trend trading systems although this system can be used on the Daily Weekly and Monthly charts as well most professional use it on the 15M 1HR And 4HR charts. good luck with your trading and hope this system gets you a jump start . PS remember to sit on your hands unless you have a signal and no over trading or revenge trading .

I give you a couple simple ones that are profitable over time you must have the discpline and patient to trade it right for it to work though

 

the 20 EMA + 14 period Momentum indicator is one that Dr Alexander Elder uses in Trading for a living it is simple and it work well on any pair on anytime frame but it work really well on the EUR/USD 30 min and 1HR charts and the G/U pair on the 30 min 1 HR and hr Chart

 

Rules as follows

long trades = price must be above 100 level on momentum indicator as well as be above the 20EMA or else no trade and I mean they must be above it for the longs not heading for it ok.

 

short trades = price must be below the 100 level on momentum indicator as well as be below the 20 EMA or else no trade and I mean it it must already be below the EMA and the 100 level or no trade.

 

Exit the trade at an indefernce point on either indicator meaning get out if one isn't in the proper order

exit long if either the price drops belows the 20 EMA or the 100 level of the momentum indicator becuase that means momentum is gone from your directional trade.

 

Evit short trades if price goes above the 20 EMA or if momentum indicator goes above the 100 level

 

for this system you want momentum of the trade to match what direction your EMA 20 is headed in.

 

 

The Holy Grail as most Professional Swing Traders Call It can be used on anytime frame

 

it is simple to

20 EMA and the ADX indicator

long trades if price is above the 20 EMA and if ADX is above the 30 level then and only then can you take long trades

short trades if price is below the 20 EMA and if ADX is above the 30 level then and only then can you go short trades

 

as you can tell on this system the ADX is a trend filter and when it is below 30 you are no longer in a nie trend you are range bound this system is a Trend Trading System so you want ADX to be above the 30 level but watch out becuase alot of time ADX peaks out at the 60-70 level then will retrace so if you aren't in the trade yet and the ADX is at or above 60 move on to the next time frame or a different pair all together.

 

the ppprofessionals use this as an income generating system on the 15m and 1 HR charts till they build up there accounts big enough to move size and trade more long term charts for wealth building.

You must be really new? Becuase even the professionals don't touch the 1m timeframe most professinals preffer the 15 min and hourly charts for short term trading and the mid and long term professional trade the 4HR 1 day and Weekly charts as far as the best mid term EMA or SMA it would be the 50 or 60 EMA or SMA if you want the long term trend the 200 or 350 SMA or EMA is what the big dogs use these MA's are applicable to all time frames but like i stated if you are new to forex I wouldn't waste my time on the 1M or 5M charts to much niose move up to the 15 min or the 1HR charts if your on the 1m charts your going to get eatien by the spread

Hi Are you new? or experinced?

I've been trading for over 5 years

Some people have no clue but when they get in the game they learn quick . I will give you an easy system and I bet you'll lose if you don't have displine here it is plot the stanard MACD on a 1HR or 15m chart along with the daily pivot points including the Mid-Pivots those are the indicators watch how price reacts at the pivot levels sit on your hands till the price breaks a pivot level when it does enter in the direction of the price break look at the MACD you should have a MACD cross in the direction of the trade then exit your trade at the following M1-M3 or M2-M4 or if the Break accured at the central pivot there is usually a range bound day which means the price with either go to CP-R1 or CP-S1 if it's a bigger range then it will bounce between S1 and R1

now if it is a wipesaw break the MACD will tell you to get out becuase price will be diverging from MACD signal. Easy system learn it professionals trade the 15M and Hourly chart and most of them use only the Pivot Points some will also plot a 50 period SMA with this system for additonal filter and only trade if trade is indirection of the trend of the 50 periodSMA.

 

 

an even easier system plot the 50 period SMA or Ema which ever you preffer if price is above the 50 EMA or SMA take long only Trades if Price is Below the 50 EMA or SMA the take only short trades your going to add the Momentum indicator and only trade in dicection of price in reference to the 50 period SMA or EMA once the momuntem indicator is above the 100 line and the price is above the 50 period SMA or EMA go long now if price is below the 50 period SMA or EMA and mom ind is reading below 100 line go short very easy system exit is when one indicator doesn't conform with the other

so if price is above 50 period EMA and mom is below 100 get out mom is changing take profits

Amen brother and also once you do start trading in volume look for an active trader program through your broker to help cut down on the spread slippage you peope have no clue what the 2-3 pip spread does to you when your moving $10 million in the forex markets $200-300 per trade which it takes out of your pocket if your not on a fracational pip spread thru a Instutionaled fractional pip rate or some kind of active trader program that offers fractional pip spreads thru your active trader platform at your broker. Once you get big look and ask for these programs through your broker I know my broker FXCM offers active trade where if you move more then $10 million in volume per month they offer a spread of .02 -.03 and they also offer you a level 2 type forex platform were you can see the next 12 traders size on the bid and ask sides gives you an awsome advantage