MA Tunnel Crossover
Market Order opened at 110.503
When the next Crossover of the yellow and blue line occurs.
(Chart done with FXCM)
On the hourly chart I use the 28EMA and the 18 EMA to determine the long term trend. Both form the red tunnel. The 5 LWMA (yellow) and the 12 LWMA (blue) show me when to enter a trade; they also help me to see the strength of the trend.
Entry Signals:I only open a position, when the red tunnel is extremely narrow or crossed.
LONG: 5 LWMA and 12 LWMA cross the red tunnel upwards. If the 5 LWMA also crosses the 12 LWMA upwards, then the signal is ready to enter a trade. RSI >50.
SHORT: 5 LWMA and 12 LWMA cross the red tunnel downwards. If the 5 LWMA also crosses the 12 LWMA downwards, then the signal is ready to enter a trade. RSI<50.
My stop loss is at the previous low in case of a buy and at the previous high in case of a sell.
For each trade I risk LESS THAN ONE PERCENT. If the distance to the previous high or low is too much for you, then simply ignore this trade. There will come more opportunities.
I exit the trade when the 5 LWMA cross the 12 LWMA again. I also exit the trade in the evening. I don't have any trades running during the night.
There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The content of this website should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as Foreign Exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. Past performance does not guarantee similar performance in the future.