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10-11-06, 08:29 PM
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#1 |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Forex Trading With Simple Setup
Hi,
If you have gone through many Stratergy, Many indicatores then try this setup. 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. 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... forget all sma or ema crossover stratergy since it is all delayed and when we enter price reverse hit SL and then move. Observe Price patern, use SMA as Support and Resistance Same setup works with 1Min Chart. You can check GBP/USD history. Happy Trading. Ramdas |
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10-11-06, 10:39 PM
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#2 |
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Junior Member
Join Date: 9th November 2006
Posts: 13
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I just have been watching your strategy, Ramdas. Amazing. Regards
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11-11-06, 10:03 AM
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#3 | |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Quote:
Yes...Setup is Amazing. when i made this setup and observe price action on this setup for some day's i was realy shock.... how price react to all mention Simple moving average Sup/Res. if You check GBP/USD movement. the up trend started on 24Th October. and exact price is 1.8672 , if you check that point...It is point where GBP/USD has touch SMA2400... And bounce. and touch SMA600, and after touching sma600, price retrach sma300 and started moving up....till 1.9041... Important is understanding price action, price patern. I am trying to upload My chart image ..but not able to upload. Happy Trading.  Ramdas. |
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13-11-06, 02:43 PM
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#4 |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Forex Trading With Simple Setup
Hello Everyone....
Just check EUR/USD today's movement. and you will surprise how price react to mention SMA. As mention in setup. Pl feel free to express comment's and observations in this Thread. Happy Trading Ramdas. |
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15-11-06, 08:02 PM
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#5 |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Forex Trading With Simple Setup
Hello everyone..
Anyone observing the price action on this setup.? Check GBP/USD current price movement. Check how price moves within current range sma50 and sma150. I am not able to upload my chart, else i would have shown. Pl fell free to post opservation or commets. 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. Happy Trading Ramdas |
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26-11-06, 10:16 AM
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#6 |
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Junior Member
Join Date: 26th November 2006
Posts: 1
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hi ramdas,i see by your simple setup that you use 6 sma,s could you pse tell me which site i can acess using free real time with all sma,s & possibly trade to the chart.many ta,s craddo
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27-11-06, 12:37 AM
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#7 |
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Junior Member
Join Date: 9th November 2006
Posts: 13
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to craddo
Hi craddo, there are many brokers that give u chart trading, u can try forex.com, gft.com or cms-forex.com, they all allow a lot of smas in one single chart and offer direct chart trading. Regards.
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12-12-06, 03:31 AM
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#8 | |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Quote:
I use Alpari metatrader platform for chart. Happy trading Ramdas |
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14-12-06, 12:33 PM
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#9 |
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Junior Member
Join Date: 13th November 2006
Posts: 23
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MT4 is the best platform for charting and trading
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19-12-06, 01:56 PM
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#10 |
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Junior Member
Join Date: 10th November 2006
Posts: 7
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Hello Everone,
Those who are interested to know about my setup i have started new thread on Forex-Tsd forum. i have posted lot of chart and comments. http://www.forex-tsd.com/suggestions...html#post72339 Reason i have started thread "Forex trading with simple setup" on Forex-TSD forum is.. i am not able to post chart on this Forum. Best regards Ramdas |
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