Simple Forex: November 2007

chart sample for Gbp/Jpy,timeframe(tf)30minutes.

**please click at the picture for more clear**

refer here for the set up.

click here to download template.

HOW TO USE IT?

almost same with the GBP/JPY for tf5minutes.

But with the large amount of your margin,you can make a lot of profit with this method.

1. identify the trend wether it is bearish or bullish.

2. for example,the chart above i've mark it with number 1&2 for the bearish and the bullish.

3. Normally,in tf30,there will a movement in one single candlestick. it'll moves up and down.

to make a profit with this method,just wait untill it goes to 3rd candlstick.

When you think the price will move up,just make a post.

Set your own TP,normally i'll set for 10pips only.

After it reached and closed by itself,i'll wait until the price moves a littlt bit down then i'll

make another post.

When the eMA getting clash,i'll buy again for a long term trading.

-try on your demo first if u can't suitable yourself with this method.

4. I've mark number 3 on the chart. why it didn't follow the trend?

It is because there are news that can give an impact to the normal movement.

Better watch out with that.

Simple Forex