238# 5 EMA Channel with MACD
Trading with upper and lower channel
Submit by Freddie 12/09/2012
At the 30M TF cross we saw earlier and MACD is starting with close prices above the upper channel (OP BUY) and close below the lower channel (OP SELL) this is where to start to determine the trend. In this case we call the trend for the position OP BUY UP and DOWN trend SELL OP position.
Later in the TF 5M conditions already cross the MACD
3. For the first time position open immediately after the close prices above the upper channel (Trend UP) and an open position immediately after the close price below the lower channel (DOWN trend) that confirmation was in TF 5M.
4. OP position when the price recurring each time touching the upper channel (for the trend is down) and lower channel (Trend UP) by looking at the MACD in the same direction (according to trend) can be viewed on the 5M TF.
For the first open position and repeatedly put stoploss 15 points from High or Low in the candle / bar that has been used as an entry, ie above the upper channel (DOWN trend) and below the lower channel (Trend UP)
NB: it's just for my scalping was benar2 TF never use a larger pair of TF 30.
In the picture 5 EMA Channel with MACD in action.
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EMA Forex Strategies