I'm new to this forum but bring a lot of expertise from a comprehensive trading history. Became addicted to the currencies because of the tendencies. Yes, I'm a trend trader. OK. Enough of this.
This is my own trading egy that's great for those that work full time but wish to build a very rewarding part time trading addiction into full time profession in the comforts of the job:
1. 30 Min chart
2. 5 Stage SMA
3. 45 RSI
4. 21 Average True Range (This is really a volatility metrics to help determine lot size)
5. Utilize a 50 PIP stop.
Really simple. Long when the price exceeds the SMA by 5 PIPS for the very first time along with the RSI is higher than 50. Short once the price fall under the SMA by 5 pips for the very first time along with also the RSI is less than 50. My target for this system would be 200 PIPs (which I am currently enjoying with the GBP/USD).
I've attached a Power Point to illue my current GBP/USD trade. Went long at 1.8176
The ATR can be used to determine lot size. A formula is which I will share with you. Lot dimensions or Money Management is by far the main concept to trading.
I only trade the GBP/UDS pair becuase I really like the tendencies and volatility. This system is 100 and have to be followed blindly.
I despise fundamentals (that I refer to funny-mentals) because it leaves a lot to the imagination and emotions. I am a pure devotee that is technical and would not understand how to change.
Enjoy,
Tkimble
https://www.forexsoutheast.asia/atta...1387052696.pdf