Im waiting for the 8 hour entry on my new mechanical system I told you about weeks ago.
1. Im watching hour 8 on Oanda Charts. If you dont have Hour 8 , try watching the daily chart and using the 5 and 10 WMA instead of EMA.
2. Im using the 5 and 10 EMA on H8 and Heiken Ashi Green Candles. When I see green candles on H8 , im looking for the 5 and 10 EMA crossover.
3. When I get this, im opening the buy. I will open it very small because I know that price could just keep ranging over and over and over again before finally making its move!
Im expecting a wave up from here... my stop loss will be 75 to 100 pips and im trading at 0.01.
1. Im watching hour 8 on Oanda Charts. If you dont have Hour 8 , try watching the daily chart and using the 5 and 10 WMA instead of EMA.
2. Im using the 5 and 10 EMA on H8 and Heiken Ashi Green Candles. When I see green candles on H8 , im looking for the 5 and 10 EMA crossover.
3. When I get this, im opening the buy. I will open it very small because I know that price could just keep ranging over and over and over again before finally making its move!
Im expecting a wave up from here... my stop loss will be 75 to 100 pips and im trading at 0.01.