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5 min Momo Trader

Chart setup:

• Moving average set to period = 20.

• MACD true by Swingman – goes in your indicators folder.

• FFCal doesn't go on the chart but must go in your indicators folder.

• Use the 5 minute momo template from the templates zip to do the setting up for you.

Here is the system:

Rules for a Long Trade

1) Look for currency pair to be trading below the 20-period EMA and MACD to be

negative

2) Wait for price to cross above the 20-period EMA, make sure that MACD is either in the process of crossing from negative to positive or have crossed into positive territory no longer than 5 bars ago

3) Go long 10 pips above the 20-period EMA

4) For aggressive trade, place stop at swing low on 5 minute chart. For conservative trade,

place stop 20 pips below 20-period EMA

5) Sell half of position at entry plus amount risked, move stop on second half to breakeven

6) Trail stop by higher of breakeven or 20-period EMA minus 15 pips

Rules for a Short Trade

1) Look for currency pair to be trading above the 20-period EMA and MACD to be positive

2) Wait for price to cross below the 20-period EMA, make sure that MACD is either in the process of crossing from positive to negative or have crossed into negative territory no longer than 5 bars ago

3) Go short 10 pips below the 20-period EMA

4) For aggressive trade, place stop at swing high on 5 minute chart. For conservative trade, place stop 20 pips above 20-period EMA

5) Buy back half of position at entry minus amount risked, move stop on second half to breakeven

6) Trail stop by lower of breakeven or 20-period EMA plus 15 pips

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5 min Momo Trading System

5 min momo trader.rar

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For trade I recommend to choose Broker with MT4 >>

1 min Scalping with four EMA

Time Frame 1 min.

Currecy pairs: majors.

Forex Indicators:

 230-Period Exponential Moving Average

 115-Period Exponential Moving Average

 46-Period Exponential Moving Average

 23-Period Exponential Moving Average

 Stochastic Oscillator (%K = 3, %D = 2, Slowing = 2)

Once you have your charts setup then we’re ready to get on with learning the method.

a long entry first:

The 115 and 230 MAs provide the longer-term guide to trend direction for us. That’s our RULE #1: 115EMA must be above the 230EMA

The 115 and 230 MAs provide the longer-term guide to trend direction for us. That’s our RULE #1: 115EMA must be above the 230EMA

Once Rule #1 is in place then we look for RULE #2: 23EMA must be above the 46EMA ...(note: the 23/46EMAs must also be above the 115/230EMAs as well!)

Next we look to RULE #3: We then look for the ‘Main’ Stochastic line (the black one) to go below the 30-level and then back above the 30-level.

here are two short trades in the chart below.

Exit

Stop Loss3 pips above or below 46EMA

Profit TargetAud/USD 6 pips, EUR/USD 8 pips, GBP/USD 10pips.

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Template.rar

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For trade I recommend to choose Broker with MT4 >>

1 min Scalping with Pivot Points

Intro: Pivot points are a popular tool used by traders in all sorts of markets. And, sure enough, pivot points are readily applied to trading currency futures.

Pivot points are support and resistance levels derived from the previous period's high, low, and closing values. There are a variety of pivot values with which to trade, including monthly,

weekly, and daily values. You could even calculate hourly values. When determining which period to trade with, you've got to consider your time frame as an individual and your particular style. I'll use daily pivot points for the purpose of this article since the focus is day trading.

Daily pivot points give a structure to each new trading day in the currency market. With these values you can use traditional support and resistance techniques to enter and exit trades.

But before I get to the strategy, I'll show you how to calculate

pivot values.

Pivot Point (PP) = (High + Low + Close) / 3

Resistance 1 (R1) = (2 x Pivot Point) - Low

Support 1 (S1) = (2 x Pivot Point) - High

Resistance 2 (R2) = Pivot Point + (Resistance 1 - Support 1)

Support 2 (S2) = Pivot Point - (Resistance 1 - Support 1)

The pivot values are plotted as horizontal levels which, in turn, serve as support and resistance. The pivot point itself can be thought of as the day's mid-point, or fulcrum. It's where the buyers and sellers meet to determine the day's trend in a currency pair. The support and resistance levels that are plotted around the pivot point are just that: potential support and resistance.

The idea: Pivot points are great levels of support and resistance. The moment price comes and touches them it bounces off like a tennis ball.

Usually You can expect: 69-79% winning trades.

Pairs: EUR/USD GBP/USD GBP/JPY

Charts: 1Min, 5Min

Target: 5-10 pips

Apivot point and the associated support and resistance levels

are often turning points for the direction of price movement in a market. In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a

resistance to further decline.)

Setup:

- Determinate current short term trend for the Pair that you

want to trade.

1. Calculate Daily pivot points for your favorite currency pair. For calculation use data from 5 pm Eastern time to 5 pm next

day Eastern time.

2. Watch your 1 minute chart. Be patient. Let price touch any of pivot point lines, or come at least on pip away from it. Believe me, your patience will pay off.

3. The price do touch pivots 90% of the times. 90% is a lot. Enter with larger than you would regularly do order, but be reasonable.

4. Set stop loss 3 pips + spread on the other side of the pivot

line.

5. Take profit once available - I would usually close my trade within the first completed 1 minute candle and as soon as I'm profitable.

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