14# Pivots Levels, Ema Channel and MACD Trading System
Submit by Joy22 14/03/2012
Intraday Strategy (Simple and effective! One of the best)
This Scalping tactic is simple,It uses Fibopivot indicator, Ema Channel and MACD.
Currency pairs: any
Timeframe: H1;
Indicators:
Channel EMA 8 (8 EMA close. 8 EMA Low);
MACD (12; 26, 9);
Fibopivot2 or any pivot indicator;
Buying signals if is a closure of the price above a pivot level, the
price, is > of EMA channel and line of the MACD is< of the histogram.
Sellingsignals if is a closure of the price below a pivot level,the price, is < of EMA channel and line of the MACD is > of the histogram.
Stop Loss
For buy 5-7 pips below the Ema channel;
For Sell 5-7 pips above the Ema channel.
Profit Target
1 On the pivot level or 10-16 pips.
Share your opinion, can help everyone to understand the forex strategy.
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