吴的策略 (Woo's Strategy)

Im going to do a new strategy, based on what i think is useful from

1steve nilsons candlestick book(hangmans,morningstars,engulfing patterns etc)

2the strategy here on forexfactory: macd 4 hour strategy, and trade what you see.

3 my own ideas and experience, factors such as:

1trend=higher highs,lower lows
2OB/OS= when the price is far away from macd for instance
3 technical levels. such as highs.
4 bigger price movements=the retrace will be bigger(which traders amusely say is fibonnachi levels)
5 fast impulsive movements= will always result in tp taking, as fast impulsive moves,if not fundamental based, will always come back harder than before.

etc etc

no indicators,except drawing lines, sma/emas,and momentum indicators,and reading candlesticks to determine buying and selling pressure

i will also see if i can incorporate the strategies found in the book, how to beat the odds in forex.

A setup would for intance be:

1uptrend,hang man,/OS
2 big price movement, /OB
3 62 ma hit, os or engulfin pattern/hangman
4uptrend, OS, support
etc etc

All news are taken into account. if ive a position, and a new releases that is not in my favour, i may exit my position.

exit= when you dont have the odds in your favour, or you have no idea where the price will go.

I look at daily candlebars, to determine where the price may go today, and then trade on 15min, and 5 min timeframe.