Start scanning your trading pairs on 4h after the beginning of the new Monday Trading session
Setup chart with 50 sma & 100 sma
Setup chart with a Macd default setting of 12-26-9
Find a Macd indicator that shows zero line like TV - Indicators - Public Library - Macd Crossover
Trade Setup 4H
When Macd Blue like crosses over Zero line (above is buy signal - below is sell signal)
Enter at opening of next candle after crossover
TP - can be 50 to 100 pips or you decide your own exit strategy
SL - below/above macd crossover candle
Setup chart with 50 sma & 100 sma
Setup chart with a Macd default setting of 12-26-9
Find a Macd indicator that shows zero line like TV - Indicators - Public Library - Macd Crossover
Trade Setup 4H
When Macd Blue like crosses over Zero line (above is buy signal - below is sell signal)
Enter at opening of next candle after crossover
TP - can be 50 to 100 pips or you decide your own exit strategy
SL - below/above macd crossover candle
Comment:
Watch EURJPY for a possible Tuesday Trading Day setup
Comment:
Here are 3 more Macd cross trade setups - GBPJPY - AUDJPY - NZDJPY
www.screencast.com/t/d1d78xcr
www.screencast.com/t/d1d78xcr
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When the Macd crosses over the Zero line at the beginning of the week there is a possibility of a trade continuation move for awhile