Hey everybody!
I just wanted to post my method here and have everybody see how easy it is and can enable you to make great money. Follow the signals and you must have patience. Stay away if the market is choppy. System works best from 12a. m. est- 10a. M. est
First you need 3 moving averages.
50 ema
100 ema
200 ema
Macd set at default which is 12, 26, 9
within an uptrend they will be stacked 50,100,200
downtrend the naturally will probably be 200, 100, 50
This is excellent because price constantly retraces into the ema's and rebounds off. When it passes one of them it usually attempts to create its way into another ema and sometimes its 40-60 pips! Unless the ema is sitting on a fibo degree then just await the near with all the macd to verify.
That is it! Everything you do is everytime you discover the high and low. Draw on a fibo. Price will constantly hit on the fibos or bounce off the ema's. It works best on the 60 and 15 minute chart. When placing the Fibo's... It does not matter how many times or even minutes. If the price reaches a point that is high from a low point from two hours ago. Run a fibo and price will keep hitting it along with the emas. If price closes above or below an ema watch it. It will pierce through and proceed for another ema or it will bounce from it.
In the event that you install and look over your chart go back a couple of times and observe how price responds to the emas. The macd is the principal ingredient here. I trade on the 15 and 60 minute charts. The transaction is typically taken by me on the 15 if the macd has crossed and will observe the 60 min to validate the movement. If I am being aggressive, that's. If the 50 ema crosses over the others. This is considered a death cross. Keep it moving in the exact way it is crossing. It takes a lot to make it cross all 3.
I have made over 1000 pips this month alone on this system. Any questions please ask away