Trading Setup:
Timeframe: daily
EMA(34)
SMA(150)
Double CCI (CCI=50 and CCI=14)
Full stochastics (5,3,3)
- When price is between EMA(34) and SMA(150) Do not trade
- Trade long when EMA(34) is over SMA(150) and a daily candle crosses EMA(34) and closes over it by putting an entry order 10 pips above the candle's high taking into consideration that stochastics lines are up and not in the overbought zone
- Trade short when EMA(34) is below SMA(150) and a daily candle crosses EMA(34) and closes below it by putting entry order 10 pips below the candle's low taking into consideration that stochastics lines are down and not in oversold zone
- Exit depends on stochastics lines crosses
Stop loss= 75% Daily ATR
- You can repeat entrys after retracements towards EMA(34) or towards "NO TRADE ZONE" depending on double CCI patterns trend continuation and trend line break only if stochastics and entry conditions returns valid - closing above EMA(34) for long or below it for short and with entry orders 10 pips above for long and below for short.
Happy Trading!
Mohammed Munzer
Timeframe: daily
EMA(34)
SMA(150)
Double CCI (CCI=50 and CCI=14)
Full stochastics (5,3,3)
- When price is between EMA(34) and SMA(150) Do not trade
- Trade long when EMA(34) is over SMA(150) and a daily candle crosses EMA(34) and closes over it by putting an entry order 10 pips above the candle's high taking into consideration that stochastics lines are up and not in the overbought zone
- Trade short when EMA(34) is below SMA(150) and a daily candle crosses EMA(34) and closes below it by putting entry order 10 pips below the candle's low taking into consideration that stochastics lines are down and not in oversold zone
- Exit depends on stochastics lines crosses
Stop loss= 75% Daily ATR
- You can repeat entrys after retracements towards EMA(34) or towards "NO TRADE ZONE" depending on double CCI patterns trend continuation and trend line break only if stochastics and entry conditions returns valid - closing above EMA(34) for long or below it for short and with entry orders 10 pips above for long and below for short.
Happy Trading!
Mohammed Munzer
