4H Breakout and 3 Moving Averages Combo

An article by Gus    No Comments

Hey everyone been working on this for a while and with some feedback form the forums was able to combine a few things, I do have to give thanks to E from F4N forums you can see him in my journal, for giving me some of the moving averages I take about in here.

Here is a quick video on what I have been working on and do have to warn yall it is a bit rough since I am still waiting for a new headset/mic that should be coming in the mail this week, so I will probably update the video soon.

Besides that I hope everyone enjoys the video, it is mainly using three moving averages 5, 13, 34; these are all exponential and closed moving averages. I wait for the red to cross the yellow and that signals my entry either long or short, this in conjunction with the 4H candle of the week gives for great trades.

As far as for the take profit or stop loss I have set on the 4H chart a 50 to 70 pip stop loss and a take profit of 100 or sometimes a trailing stop of 75, I am still working on it so we will see what the final cut is.