This is a discussion on Trading the OsMA within the Forex forums, part of the Markets category; Hi, I'd like to introduce my method of trading. I hope to provide some insight to an Community Links Members List. Trading the OsMA This is a discussion on Trading the OsMA within the Forex forums, part of the Markets category; Hi, I'd like to introduce my method of trading. May 13, Hi, I'd like to introduce my method of trading. I hope to provide some insight to an indicator and trading methodology I have used and continued to develop over many years of trading. I hope to get lots of feedback, and anyone interested in joining me is more than welcome. I'll continue to post lots of charts and examples, as well as forex indicator I use. It's hard to find much information about OsMA, so I'll provide what I know factory it here: Oscillator of Moving Average OsMA is the difference between an oscillator and oscillator smoothing. The MACD is calculated by subtracting the value of a period exponential moving average from a period exponential moving average. A 9-period simple moving average of the MACD the signal line osma then plotted on top of the MACD. Of forex these are the standard OsMA settings. When OsMA is increasing, whether above or below the Zero line it indicates buying. On osma other hand, when OsMA is decreasing, it indicates selling. Crossing the Zero line indicates a possible trend change and the Oscillator is no longer converging, but has begun to diverge. Price discrepancies can give excellent trading opportunities. My Indicator The base code for the OsMA indicator is the one on the Metatrader 4 platform. While I am a professional trader, I am an amateur programmer. My indicator works well, but not perfect. I'm sure if a professional programmer looks at the code, they'd probably laugh, but hey, it works for me. I modified it to show different colors when OsMa is increasing or decreasing, and is above or below the Zero line. In addition, I added a multiple time frame parameter. Leaving it at 0 will show the current time frame. Attached is my indicator. Here's how I set it up: May 13,2: Here is a trade example using OsMA: Here is the same example showing the entry candle: May 13,3: Osma is an example of when NOT to enter: Entering into a strong trend can be tough. That's why Forex prefer to enter on pullbacks. If you missed the first entry, then oh well Another entry will come around Additionally, entering off a pullback provides a solid place to put a stop-loss. Placing a stop-loss just above the high gives you a place to GET OUT!! Generally speaking, there is trades per pair everyday. However, I prefer trades at the beginning of a session Asian, European, US. I trade eight pairs including: Essentially, I am looking for the best trade opportunities in the strongest trends. I am not trying to trade every pair, every day unless it's one of those days. After a while using this method you can begin to anticipate trades and develop a trade plan. If you know the H4 is trending down, the H1 is beginning to peak, and M30 is already decreasing, while price is running into resistance resistance line, pivot, MA, etc. May 13,5: Make sure you are using Multiple Time Frames, this is how I have each pair setup: It is very important to know what type of trader you are, I can not trade M1, M5, M15 charts trust me, I've tried. IMO, it's just noise. While the M30 charts are not the most traded TF out there, it does give me an earlier entry than the H1. My screen is always setup with two charts for the same pair. One is the M30 with 3 OsMA's, and the other I am toggling back and forth between the H1 and H4, looking at my MA's, candle formation, chart patterns, etc May 14,4: Here is a possible live trade setup: Counter-trend trades are certainly not my favorite flavor, especially when it means buying the Euro in these recent market conditions. If you are interested in this trade I would not get too greedy and factory attention to osma 1. Everybody and anybody is looking for reasons to short the Euro, it could turn on you QUICK!! May 14,6: It illustrates where an initial stop-loss would be placed and then how I manage my position and take profits: Thread Tools Show Printable Version. Search this Thread Advanced Search. LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Page 1 of Here's how I use it Here's how I set it up: Here forex a factory example Here is a trade example using OsMA: When NOT to enter Here is an example of when NOT to enter: The importance of using Factory Make sure you are using Multiple Time Frames, this is how I have each pair setup: Possible Countertrend Trade Setup Here is a possible live trade setup: Jul 7, Currently Active Users Viewing This Thread:
Forex Factory Economic Calendar As The Best Tool For News Trading
Forex Factory Economic Calendar As The Best Tool For News Trading
Where once it had been used only to describe the abundant opportunities for business growth, now it was appropriated by the newscasters and magazine writers as a sort of net that would be tossed across the entire city, implicating everyone in the crime.
We need to end this suffering by banning smoking in all its forms.
I included my opinion and conclusions where only objective factual information presented in a timeline was needed.
Where once it had been used only to describe the abundant opportunities for business growth, now it was appropriated by the newscasters and magazine writers as a sort of net that would be tossed across the entire city, implicating everyone in the crime.
FairTest, the National Center for Fair and Open Testing, said that the.