186# Hakeem's forex Intraday Method

Trading Intraday

 

Submit by Demor 07/02/2012

 

Time Frame 30min;

Currency Pairs: all.

Session London and NewYork.

 

 

Determining the trend
As I have already said above, we need to determine the current trend and we will do that with the help of two popular indicators, the MACD and the RSI. Set up your charts as follows:

1. Place the MACD indicator with settings of 8,18,9
2. Place the RSI indicator with setting of 21 with a level of 50

After we are set, then we can interpret the reading from these 2 indicators to determine the trend and this will not be as hard as you might be thinking. If the MACD slow is above 0 and the RSI is above 50, then the trend is going up and if the MACD slow is below the 0 line and the RSI is below the 50 level, then the trend is going down. This is it and we are done on this part.

Finding the entries
After we have determine the trend direction, now we are going to take trades ONLY in the trend direction. But before taking these trades, we need to find the trade entries. We are going to use two moving averages to determine the trade entries. First, place these indicators on your chart:

1. Place an EMA 5 on Close, color Blue
2. Place an EMA 6 on Open, color Red

If the Blue EMA crosses the Red EMA and goes ABOVE it, then we have a LONG entry signal, and if the Blue EMA crosses the Red EMA and goes BELOW it, then we have a SHORT entry signal.


This is entries are infact very easy to find out… The only most IMPORTANT of all is, to only take trades in the deirection of the trend and negelct the opposite signals.

TakeProfit and Stoploss
We will keep a tight fixed stoploss 5-10 pips below the most recent low before the cross of the EMA. As for the takeprofit, we will use a trailing stop of 15 pips.

However, you are free to experiment with other methods, for example, you can also use a fixed takeprofit on the 161% extension of the fibonacci level. Tweaking and playing around with the method is very good. Hope you had a good read and will enjoy the trades.

 



 

In the pictures Hakeem's forex Intraday Method in action.

 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 2
  • #2

    KIM (Wednesday, 06 June 2018 09:46)

    EXCELLENT! THANK YOU!

  • #1

    Justine (Thursday, 24 November 2016 05:06)

    Thanks hakeem SIR

Forex Method

231# Stochastic MTF Method with m-candle (Scalping) - Forex ...

236# David Bradshawfx Scalping

218# Forex Galveston

40# Scalping Method - Forex Strategies - Forex Resources - Forex

120# The Secret Method 2.7 - Forex Strategies - Forex Resources

146# Synergy Method - Forex Strategies - Forex Resources - Forex

60# Magic Bands: Scalping Method - Forex Strategies - Forex ...

32# The Secret Method - Forex Strategies - Forex Resources - 

37# 30pips Method - Forex Strategies - Forex Resources - Forex ...

27# Lindencourt Method 15 TF - Forex Strategies - Forex 

11# SRDC Method Level II with Fibo - Forex Strategies - Forex ...

94# Forex Soloist Method - Forex Strategies - Forex Resources ...

47# 5min Method - Forex Strategies - Forex Resources - Forex ...

102# The Dance Trading Method - Forex Strategies - Forex ...

61# The Retracement Market Method - Forex Strategies - Forex ...

30# Triangle Trading Method - Forex Strategies - Forex Resources

89# The Outsider Method - Forex Strategies - Forex Resources ...

226# Fozzy Method - Forex Strategies - Forex Resources - Forex ...

12# SRDC Method Level III - Forex Strategies - Forex Resources ...

231# Stochastic MTF Method with m-candle (Scalping) - Forex ...

45# B.O.S.S. Breakout Method - Forex Strategies - Forex 

4# Abid Method - Forex Strategies - Forex Resources - Forex ...

13# Breakout H1 Method - Forex Strategies - Forex Resources ...

186# Hakeem's forex Intraday Method - Forex Strategies - Forex ...

42# Stochastic Trading Method I “ Basic Momentum” - Forex ...

154# The Bat Method - Forex Strategies - Forex Resources - Forex

74# Sidus Method V.2 - Forex Strategies - Forex Resources - 

34# Hoover Method - Forex Strategies - Forex Resources - Forex ...

46# Stochastic Trading Method V, “Spudfyre” - Forex Strategies ...

44# Stochastic Trading Method III “ MTF Scalp ” - Forex Strategies ...

95# 5 min Method - Forex Strategies - Forex Resources - Forex ...

279# OAN FX Method - Forex Strategies - Forex Resources - 

160# Sexy Stochastic method Boxingislife - Forex Strategies - 

73# Sidus Method - Forex Strategies - Forex Resources - Forex ...

119# Sperandeo Victor, Trendline Method - Forex Strategies - 

325# Past Regression Deviated Method - Forex Strategies - Forex

36# Valeo FX Method - Forex Strategies - Forex Resources - Forex

347# Arno Forex trend following Method - Forex Strategies - Forex

31# MC Method - Forex Strategies - Forex Resources - Forex ...

192# 5 min Trading Guide - Forex Strategies - Forex Resources ...