Monday, February 22, 2010

The FxOverEasy System

This system work off 15 Min Charts. We are looking for 3 Things…3 reasons to entri the market.

1. DIRECTION


SHI Channell which automatically recalculated in real time gives us the direction we are going to trade. If slope is down we are only looking to sell. If Slope is up we are looking to buy.

IF THE THE CHANNEL IS THIN ( NARROW ) WE DON’T TRADE

If Price falls outside the channel…we don’t trade ( unless in trade already ) we wait for a new channel to form

2. ENTRY / EXIT


Remembering we only trade in the given direction of the slope of the SHI Channel

The Second is LaGuerre. When LaGuerre line cross down through .75 line ( top line ) look to SELL…..When the line crosses up thru .15 line ( bottom line ) look to BUY… if JUICE is still Green leave trade to opposite side of channel if it is Red then Exit trade when LaGuerre Reaches its Mid line (.45).

Perkyasctrend1 is for the weary and the last indicator to normally show Pink Dot Sell – Blue Dot Buy. This Indicator not Necessary for advance traders

Safety Stop…normally are 15 pips

3. VOLATILITY


This last but not least Indicator is called JUICE…. Never enter a Trade when Histogram is Red if all Indicators line up this is the last check and the Histogram shoul be Green


REMEMBERING.!!! We only Trade in the Direction of the Slope of the SHI Channel

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