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OnlineTradingConcepts has many detailed explanations of these candlestick patterns; the links are given below: The information above is for informational and entertainment purposes only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or forex product.
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I am also in the process of blending parts of another system i was using with MACD 3 and so far the results have been amazing. 64 frames on 15 minutes like 32 on 30 minutes About the calculation: if we calculate the close during the period the last bar still moves there is a possibility the calculated value is too high IF it trades above the prior bar at that moment.
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Basic idea is : Long BUY order this strategy forex trading in south africa create if: Rainbow 07 is fprex rainbow 06 and rainbow 08 is above rainbow 07 10 ema and 12 ema cross Short SELL order this strategy will made if : Rainbow 08 is below rainbow 07 and rainbow 07 is below rainbow 06 10 ema and 12 ema cross All instructions you can read at Forexfactory forum and you need to download : EMA7 indicator EMA8 indicator EMA6 indicator Word document with strategy instruction.
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