Ian's Forex Journal

Discussion in 'Journals' started by phenforum, Jul 11, 2005.

  1. Hi everyone, this is my first post, obviously.

    I'm very glad to have found Elite Trader because
    there are so many knowledgable people here.

    Unfortunately in my searches I've noticed
    there are many people who are hostile and
    immature, but oh well. It seems that wherever
    one is in life, those people are involved
    on some level.

    Anyway, here's my current strategy while
    I'm trading on the demo platform on Forex.com:

    1) Use EMA 5 and 13 on hourly charts.
    2) Buy when 5 crosses 13 from below.
    3) Sell when 5 crosses 13 from above.
    4) Enter only when the difference between
    EMA 5 & 13 is more than a couple of pips.

    This strategy is from that book by Alex Krzhechevsky
    or however you spell his name. I found it on a p2p
    program for free, so I figured I might as well read it.

    Does anyone else use a similar strategy?

    I'm just starting with it, so I don't have my own
    results, but looking back on the charts, it allows
    for many profitable trades, but the entry and
    exit points leave alot of profit out of the equation.