hi......!!
i'm helen, lately i have formed a small yahoo group to do live trading with
EMA strategy, i trade from 0:00GMT to 16:00GMT everyday. Well as always, i
believe the fastest way to learn is to do it rather than just read it.
hence i would like to invite EMA traders to join us and sharpening our skill
together.
here's my chart setting:
1). Use H1 as main chart, supported by M30, M15, M5
2). 5 EMA applied to the close – yellow
3). 10 EMA applied to the close – blue
4). To set up EMA in Meta Trader platform, go to INDICATORS – TRENDS – MOVING AVERAGE , then choose EXPONENTIAL and applied to CLOSE
5). Slow stochastic (10,3,3), mark 20 / 80 as overbought and oversold zone
6). RSI (9), mark 50 as middle line reference
7). ADX , Average Directional Movement Index (9) , parameter color = grey ; +D1 = yellow; -D1 = red, mark 20 as reference level
my strategy will consider 2 scenario:
1). EMA cross = reversal of trend
2). EMA touch and bounce = continual of trends with greater strength
i hereby attached my chart for you to have an idea on how i trade.
lastly, if you were interested, just PM me.
my yahoo ID: hlnchoo
helen choo