USD/JPY, 4 hour chart, a great buy signal

Strategy Collected from: FSR
Strategy no: Simple #1
Trading platform: MT4
Currency pair: USD/JPY
Time frame: any
Indicators: 5 & 10 EMA, Stochastic (14,3,3) & RSI (14)


A buy signal generates when 5 EMA crosses above of 10 EMA with stochastic heading upwards & not in overbought position and RSI is above 50. I've missed the opportunity yesterday. See here...

I've pointed out the points where the rules applied. Every indicator has given a good entry signal. What should be our target here regarding gaining profit. Before entry, we should work out all of this. First, what is the market condition? How much profit do we want?

Let us see again in the above picture but with some more modification below to understand what I'm going to say.....

Look, thick yellow line.... It's the support line. I've left the resistance line for you.... So the market is moving sideways....Look, the price has given buy signal just after it has bounced off of the support line. And it's moving towards the resistance line. So TP should be at that level. Or we can take a portion of the position and keep the rest to see if any breakout is going to happen or not. But as the holidays ahead along with forex weekend, breakout is unlikely.....

I'm giving my opinion from a learner's view. So I might be wrong. And again, I'm not considering the news event here...

EUR/USD, Daily chart with EMA & ADX system

Strategy collected from: FSR
Strategy no: Advanced #6
Trading platform: MT4
Currency pair: EUR/USD
Time frame: any
Indicators: 20 & 40 EMA and ADX (14)

With this strategy, any pair can be targeted in any time frame. According to the entry rules mentioning... enter when price bounces back from 20 EMA line with ADX (14) at above 30 level in a higher time frame available.... See the image below...

As it's a daily chart... wait..... From the above picture.... carefully see.... latest candle is touching the 20 EMA line from below. ADX (14) is above 30 level. This is the entry point for short position. But look at the ADX line... it's approaching the 30 line and probably at the next candle, it'll touch 30 which is a sign of exit (If I'm not wrong). So should I enter at this position?? I've posted the same position in the main site... Just asking, if anyone has any answer...

I've just entered a short position because, I want to test the strategy to get a profitable one. If I just seat back assuming what happen, then I won't be able to find one. What's the demo trade for?? I've asked the expert one. We'll be able to check the comment with a real time result.

Now wait and wait......

It worked. with a 2 micro lot short position already generated $2.40. But I'll wait for sell signal to generate following strategy.....

At the time of publishing the profit reached to $3.36..... remember, it's from a trade with only 2 microlot. I'll publish the final image after closing the position.

I've just closed my position with 40 pips as the market started ranging due to holidays ahead.... These holidays period is frustrating as price does not go anywhere..... I think, I'll refrain from enter any position till January 2012. By this time, I'll continue my study about forex...... I've downloaded 2 books. I'll let you know about those after I read them.....

Happy Holiday!!

USD/JPY, 30 min chart with SAR +ADX strategy

Strategy collected from: FSR
Trading Platform: MT4
Currency pair: USD/JPY
Time frame: M30
Indicator: Parabolic SAR & ADX with +DI, -DI combination
Indicator-Additional to the main strategy: 5 & 12 EMA, 63 SMA
Original strategy gives buy signal when +DI is above -DI along with support of Parabolic SAR. If parabolic SAR gives a signal but +DI & -DI gives opposite then SAR should be ignored.... and vice versa. Close a position when +DI & -DI crosses....

Here in my present trade, with my additional EMA ...I've got an early buy signal which itself a good indicator but the +DI & -DI was showing the opposite......

No trade here, if I follow the original strategy..... But just check it, whether we can get an early entry with the help of additional MA indicators.... I entered a long trade after the +DI crossed over the -DI. But if I would have entered with the cross of 5 EMA over the 10 EMA with the support of parabolic SAR.... Let's see what happens and what would happened next....

With the entry following main strategy.... a loss trade incurred... I might be wrong in following the strategy as I'm a newbie..... see the next image..... the arrow indicates the level of entry with the original strategy....And red box indicates that with 5 & 12 EMA, 10 pips profit could be drawn before reaching the original entry level....

So this strategy gives late signal......But It's a reliable strategy.. Works well in trending market, I think.