292# LawGirl's 4H strategy Trading System
Submit by Maurizio B. 02/02/2012
All Currency Pairs
4 Hr Chart
1) RSI (Period: 3)
2) Trend Lines
Use the RSI with period 3 to know the trend. If the RSI is upwards for all the three timeframes then draw a trend line connecting lows of the candlesticks. After it touches at least 3 times the trend line the next time when it touches the trend line again enter a long trade.
Similarly if the RSI is downwards for all the three timeframes then draw a trend line connecting highs of the candlesticks. After it touches at least times the trend line the next time when it touches the trend line again enter a short trade.
Take Profits (TP) and Stop Losses (SL)
You can place set TP and SL if you are more comfortable with that. It is best to use support and resistance levels for both. Remember that H4 and larger TFs must have more breathing room, so do not place stops too tightly.
In the pictures LawGirl's 4H strategy forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
4H Forex Strategies