Hello guys, just wanted to share with you something that i have been experimenting with. I have been trading using just candlesticks and a 50moving average (exponential). I watch the chart (eur/usd) in 4 different time frames 15,30,1hr and 4hr and trade short when the price goes below and long when price goes above the 50ema. Results have been astonishing.... did some live trades but more on my demo acct. Following are results of the demo acct. Doubled my acct with all positive trades with in a month. .... would love to some input from other traders. I guess keep it simple is the key !
what about stoploss and take profit?
Do you enter on close of candle also?
Take profit and stop loss depends on the time frame ur in and as a rule...i always enter on the close of the candle.
Would u pls suggest the stoploss and take profit using timeframes..
It will be more useful too.
15m = XX stoploss and YY takeprofit
just ur suggestions...