Hello everone,

I have started this thread to discuss forex Trading With Simple Setup.
I have already posted this setup in another thread

5 EMA / 6 EMA Cross

I am again posting those post in this Thread.

setup
Below is my Setup. you can try it.
Setup.
Chart 5Min Chart. with following Simple Moving Average.
SMA 2400 Close Represent 4Hr Timeframe Res/Sup
SMA 600 Close Represent 1Hr Timeframe Res/Sup
SMA 300 Close Represent 30Min Timeframe Res/Sup
SMA 150 Close Represent 15Min Timeframe Res/Sup
SMA 50 Close Represent 5Min Timeframe Res/Sup
SMA 5 Close Represent Current direction.

observe price patern.
in addition you can use Daily pivotes points. and 4Hr pivote points.
Observe how price react after touching SMA.
Use SMA as suport and resistance... Same setup works with 1Min Chart.

Note:Update on 8.5.07. :--in this setup include Weekly pivotes as turning point. 4Hr pivotes removed.
Referance post 293 in this thread

Happy trading
Ramdas