On the hourly chart of the chosen currency pair, you must put the following exponential moving averages. The trading platform Metatrader 4 is the Moving Average indicator, method Exponential:
- 8, the EMA (yellow color, dotted)
- 12 the EMA (purple color)
- 24 the EMA (blue color)
- 72 the EMA (the color of “hacks”)
A clock and can be used in trade on the forex strategy 30 minutes. graphics, but it’s a more aggressive method of trading since shorter time intervals give many false alarms and longer are very zapazdavshimi.
The principle of trade on forex strategy “Cornflower”:
On the hourly chart, 24 EMA shows the daily trend . Moving average 8 EMA shows the rate of turnover of money for the current day , its value lies in the fact that it very often serves as a support for a strong trend in the market . The same can be said about the moving average 24 EMA, but to a lesser degree.
Continuous trend in the market from time to time we will return to this area, like “breath.”At such times the price in the market accumulates a lot of money for the next jerk prices, so there is a good opportunity to buy or sell at a better price in the market in this pullback .Finally, EMA 72 EMA, defines the trend, which is now present in the foreign exchange market .
If the moving average 8, 12 and 24 EMA are located above the average 72 EMA – this means that we are in a bull market and should not enter into transactions for sale !
All of these rules with the exact opposite applies to the bearish trend .
Forex “Cornflower” strategy can be used in its any trader. As soon as the price pulls back to the moving averages 12 and 24 of the EMA – there is a good opportunity for a short or medium recoil. You can make a deal, setting the Take Profit or Fibonacci levels or lines of support and resistance. It is still possible to catch a long trend in the market, using the open position trailing stop, and as a way out of the market when the moving average of 12 EMA crosses 24 EMA high in the opposite direction to the steady trend . These deals can prove to be quite profitable and can yield hundreds of pips trader to profit in one commercial transaction, which can last even a few weeks. This trading system “Cornflower” allows the trader to catch all the big moves in the market, as do professional traders and traders of large banks.
Major trading rules hour forex “Cornflower” strategy:
There are two ways to enter the
