Monday, May 27, 2013

Trades for 27 May 2013

I am using the following indicators and please interpret in this way:

1. EMA - 5
2. EMA - 12
3. PSAR - default
4. ADX - 14 (Typical Price (HLC/3) (level 22)

* EMA crossed (not necessarily at the time - it is OK if it is crossed previously) and gives clear direction (up / down)
* PSAR dot to support the direction of the trend as directed by EMA
* ADX above 22

TP/SL 10, 20, 30 (1:1 ratio)

Please remember, there will be a lesser volume today as US Banks are closed for Memorial Day.





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