Price hitting the EMA indicator?
Posted: Sun Nov 22, 2009 10:58 am
Hi,
im new to this forum, but not new to forextrading though
.
Im trading a system based on price hitting the EMA.
First i wait for a ema cross(one fast and one slow) together with price, and when price then pullback to the fast ema i enter my position.
This has been a VERY successfull style of trading, at least for me.
I wish i could keep an eye open for different currency pairs though. Is there a way to make an indicator that does the job?
Perhaps with an alert or something.
So i got two EMA on my screen, when the fast one crosses the slow one, and the price follows, i enter my position when price pullback to the fast one..Then i got the slow EMA below/over as an extra safety..... Is it possible to make an indicator?
Hope i was clear of what i meant...
Kind regards
im new to this forum, but not new to forextrading though
.
Im trading a system based on price hitting the EMA.
First i wait for a ema cross(one fast and one slow) together with price, and when price then pullback to the fast ema i enter my position.
This has been a VERY successfull style of trading, at least for me.
I wish i could keep an eye open for different currency pairs though. Is there a way to make an indicator that does the job?
Perhaps with an alert or something.
So i got two EMA on my screen, when the fast one crosses the slow one, and the price follows, i enter my position when price pullback to the fast one..Then i got the slow EMA below/over as an extra safety..... Is it possible to make an indicator?
Hope i was clear of what i meant...
Kind regards