the way I exchange the egy is a bit modified....Originally Posted by ;
I use the rsi whatsoever....
Only macd is needed for verifiion....
I consider larger timeframe(daily) for confirmation on where the market is going
then I will wait for a pull back(a pullback can generate a signal on the 4h interval,dont take it,instead wait for the tendency to continou and you will find a signal in the path of the daily trend on th4h period.
Stoploss is 15-20 pips from ema 55,and goal is always 1.5*your calculated sl.
Like the nzdusd my goal should have been struck if I stick strictly to the principles but I saw a possible downward movement --such as 200pips - so I immediately removed my tp and allow the market run.now I've place my sl at breakeven....cheeers