Tuesday, February 7, 2012

[forex stuff] Advanced Bollinger System

The intraday candle is formed when the next candle (body and shadow combined) that forms is shorter than the preceding candle. This is seen from the diagrams above.


BUY SETUP
Go LONG when the intraday candle touches or cuts the lower Bollinger band, and the Stochastics cross upwards at or below 25. Place a MARKET BUY order at the open of the next candle. The signal is reinforced if the market is at a support level.


SELL SETUP
Go SHORT when the intraday candle formation touches or cuts the upper Bollinger band, and the Stochastics oscillators cross downwards at or above 75. Place a MARKET SELL order at the open of the next candle. The signal is strengthened if the market is presently at a resistance level.

[forex stuff] Basic Bollinger System

BUY SETUP:
Go LONG when the candlestick in view closes and touches, or cuts the lower Bollinger band, and the Stochastic cross upwards at or below 25. Place a MARKET BUY order at the open of the next candle. The signal is reinforced if the market is at a support level (hence the use of the Auto pivot software to plot the support and resistance lines).


SELL SETUP:
Go SHORT when the candlestick in view closes and touches or cuts the upper Bollinger band, and the stochastic oscillator cross downwards at or above 75. Place a MARKET SELL order at the open of the next candle. The signal is strengthened if the market is presently at a resistance level.

[forex stuff] ADX and MACD Strategy

BUY SETUP
+DI must cross above –DI and MACD cross from negative to positive. If +DI is below –DI and MACD gives buy signal, ignore it and wait for indicators to align.

As can be seen from this chart above, a trade opportunity can present itself several times within a period of a few weeks to months.



SELL SETUP
-DI must cross above +DI and MACD should cross from positive to negative). If –DI is below +DI and MACD gives sell signal, ignore it until indicators align themselves for a short entry.

[forex stuff] - EMA + ADX