|MACD Crossover at||11:00 AM EST*|
|Confirmation at||12:00 AM EST*|
|Action||Market Order opened|
|Stop Loss||20 Pips (2 $)|
|Take Profit||20 Pips (2 $)|
I use the technical indicator MACD for my trading. The MACD line is nothing else than the difference between the 26 EMA and the 12 EMA. The Signal line is the 9 EMA of the MACD line. The Histogram shows the difference between the Signal line and the MACD line.
MACD-Crossover and Confirmation:
I wait on the hourly chart for a crossover. After the MACD line crossed the Signal line I need to wait one more hour for confirmation.
For each trade I have a 2 Dollar Stop Loss and a 2 Dollar Take Profit. That means that my strategy is profitable if more than 50 percent of my trades will win.
On my account I risk for each trade LESS THAN ONE PERCENT. That means I need to have at least 200 Dollars on my account for that trade. I am trading only Micro Lots.
I enter at the open of the hourly candle to the market price.
I trade from 3:00 AM EST until 7:00 PM EST.
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.