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philhackett · 07-12-2004, 09:17

If you email Wes Newman he will send you any technical information you require. Dema is a Double Exponential Moving Average which has been fine tuned.

You can make a good living tading 0800-1200 GMT. I trade 12 hours to catch moves you will miss.

I monitor the four majors all the time and will trade whichever is tradable. To do this you need at least three screens. After 1600hrs GMT I keep alarms on the Ozzie, Kiwi and Canadian pairs because americans like them and therefore there are some very good trades later in the day.

You need to know;
Is the market Range Bound or is it trending.
If it is within Keltner it is Range Bound. Scalp it when it moves out of a 20 pip wide KC and trade the reversal for 10-20 pips usually.

If the candles move out of KC, is the market trending? DEMA confirms this, albeit sometimes for relatively short periods, like today, when the move lasted 45 minutes.

If you do not want to try this system for yourself, do not ask me for any more help. It works for a lot of wealthy successful traders.

07-12-2004, 09:17	#18 (permalink)
philhackett level 1 Join Date: Aug 2004 Posts: 56 Rep Power: 0	Dema If you email Wes Newman he will send you any technical information you require. Dema is a Double Exponential Moving Average which has been fine tuned. You can make a good living tading 0800-1200 GMT. I trade 12 hours to catch moves you will miss. I monitor the four majors all the time and will trade whichever is tradable. To do this you need at least three screens. After 1600hrs GMT I keep alarms on the Ozzie, Kiwi and Canadian pairs because americans like them and therefore there are some very good trades later in the day. You need to know; Is the market Range Bound or is it trending. If it is within Keltner it is Range Bound. Scalp it when it moves out of a 20 pip wide KC and trade the reversal for 10-20 pips usually. If the candles move out of KC, is the market trending? DEMA confirms this, albeit sometimes for relatively short periods, like today, when the move lasted 45 minutes. If you do not want to try this system for yourself, do not ask me for any more help. It works for a lot of wealthy successful traders.