135# EWB Forex Strategy

Submit by Jeffx (17/09/2012)

Time Frame

• Use at least 2 time frames such as a 5M & 30M or 15M & 1H in conjunction with each other. The must agree or at least be close in order to enter a trade.

• Use a 55EMA (green) as a trend indicator.

• Use the TFX Reversal Indicator at the default settings.

Currency pairs:all.

Long Trade Entry Criteria

• Both short and long time frames must be in agreement with trend and channel break

• Candle closes above 5SMMA

• RSI above signal line crosses above 50 level in TDI Indicator

• TFX Reversal signal close to entry time on higher time frame

• If the above is met but price is below 55EMA, if entry is taken, use only ½ as much money

Short Trade Entry Criteria

• Both short and long time frames must be in agreement with trend and channel break

• Candle closes below 5SMMA

• RSI above signal line crosses below 50 level in TDI Indicator

• TFX Reversal signal close to entry time on higher time frame

• If the above is met but price is above 55EMA, if entry is taken, use only ½ as much money

The reason these channels work so well is because institutional and bank traders will utilize similar channels to make trading decisions. And when the price moves out of the channel, these traders get into the market and move it heavily. It works best on the GBP/USD so take advantage of it.

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