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Last month I wrote an article about one currency master trading setup. Now I want to share how to trade with it. We will be able to trade in different timeframes with different styles.
As I described in my earlier article we will need to follow three different charts: Daily, 4 Hour and 1 Hour. I made small changes so this setup will be better for trading.
DAILY CHART
ADX: 13 – will be signaling trend strength and weakness
MACD: 13- will signal momentum
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
4 HOURS CHART
RSI: 13 – will be used to check sell and buy zones, also overbought and oversold zones.
MACD: 13- will signal momentum and sell and buy zone.
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
1 HOURS CHART
Stochastic: 13 – Will be used for enter and exit signals.
MACD: 13- will signal momentum and sell and buy zone.
Volume - Standard
EMA 23, EMA 89, EMA 144 – These are mainly for keeping an eye on trend and potential support resistance level.
HUNTING THE OPPORTUNITY
We are huntin for opportunity first in Daily, then in 4H and then in 1H charts. We…
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Sharpshooter avatar

Но  помни, что техника и все, что касается разных технических моментов - это только вспомогательные инструменты. Главное, правильный взгляд на сам рынок в конкретный момент времени!) Рынок очень хитер)

Verona888 avatar

great job!

FE_GMTplus10 avatar

Well done!!!!

Mepcuk avatar
Mepcuk 23 Feb.

Гутььььь

TurboTurtle avatar

good option for the trend

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Most of the traders use several currency to find trading opportunity. But few of them can be successful on that. I think the best is to follow one and use opportunities in full scale. No matter you are scalper or day trader, you also need to follow several timeframes. In this article, I will share my master workspace and trading approach. For that we will need to have three different timeframe charts at the same time. I will use EURUSD and 1H, 4H and Daily charts. 1H chart will be our main trading chart. 4H and Daily charts will be used for reference to get general view about market.
1) Daily Chart
Daily chart is very important for having clue about general market direction. We will use EMA, ADX for technical indicators to analyze market.

Currency:
EURUSD
Timeframe: 1D
ADX: 13
MACD: 13
1st EMA: 34
2nd EMA: 120
Analyzing daily chart:
ADX is for checking trend strength. We will look for trade opportunity whenever ADX is climbing above level 25 and be aware of trend weakness when it will drop towards 25 and bellow. Check my article for December to know how to trade ADX.
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MbukhariIH avatar
MbukhariIH 29 Nov.

nice workspace

vadim0223 avatar
vadim0223 29 Nov.

good article

TforT avatar
TforT 18 Dec.

Well done .

tdbatinkov avatar
tdbatinkov 18 Dec.

good job

OlgaBLR avatar
OlgaBLR 19 Dec.

good job

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