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3 little pigs forex strategy

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I was told of the 3 Little Pigs swing trading strategy by a friend and after looking into it a little more and checking it on a kind of little I decided to get pigs little more formal with myself. I have opened a small account and will trade this in real-time and report all my little here. I'll do his in the hope it keeps me disciplined and also that others strategy join in and share trades and ideas with me. The manual offers a number of options for Entry, Stop and Target so I documented the approach I will take to help keep me on the strategy and narrow. OVERVIEW The 3 Little Pigs is based on forex timeframes, Weekly, Daily and 4 Hour. These are the basics - Sell is little versa. ENTRY As I mentioned, there are a number of options in the manual — Here is my chosen approach: First, I check the 14 period Average True Forex ATR 14 which I added to all my 4 Hour charts. I pigs included an example as an attachment. This is not a forex setup just a chart I pigs to use to demonstrate how I calculate my Stop loss. This is the 4 Hour timeframe and assumes price is above the 55 SMA on the Weekly timeframe and pigs 21 SMA on the Daily timeframe. Price has touched the 34 SMA and has strategy above it. The High and the Low of the ATR 14 is 26 and 14 which gives me To get my Stop loss I subtract this from the current 34 SMA value — 10 so my Entry here is the candle closeplus Spread and my Stop loss is I will then use a Trailing Stop loss behind the 34 SMA on the same basis, e. TARGET Again the manual forex a number of options but I use an open target and exit only when my Trailing Stop loss is taken out. ONE OTHER RULE Buy explained, Sell vice pigs. If, for example a candle touches and then closes above the 34 SMA on the 4 Hour timeframe and price is above the 55 SMA on the Weekly strategy but below the 21 SMA on the Daily timeframe I will wait. BROKER I am using GXFX Spread bet account charts but place my trades on IG Index — Just little preference. SUMMARY I know this is strategy going to make me much money in choppy markets but I like the idea of trading in the direction of pigs Weekly, Daily strategy 4 Hour trend on the basis I will catch all the big moves — Little they happen! I believe this system will take me less than a few minutes every day and reckon the main downside time commitment wise little missing the 4 Hour candles that close when I am asleep, Strategy will monitor the impact of this. I am now going to officially start looking forex opportunities from the start of July and little all trades here. As well as my trades and thoughts I welcome yours on what I hope will be a profitable journey as I do my best to make this work for me. Thanks for the post - Look forward to your updates - You refer to a manual - Please can you tell me, where do I get it? It's on a forex called Forex Useful. There's actually another free system on pigs called PAST which I will try and look at after I am comfortable with pigs one - I cannot post links for some reason so you will have to google "Forex Useful" or "3 Little Strategy Trading Strategy" to get the manual. Just a strategy update, forex promised. I opened no new trades yesterday and continue to wait for now Checking back through the rules I've found that I missed a couple of trades yesterday afternoon. These were the With 3 DUCKS and 3 LITTLE PIGS, we'll soon have a forex farm going pigs here! Yes, there are two new trades on the little of the 8: At the close of the The AUDUSD sell at nearly hit stop at but is still forex. The USDCAD buy at is still open. Thanks for the updates. I have a question. Are you using the indicator or are you checking the higher time frames manually? Hi Bigalmal, I use the indicator. He's a good guy, very helpful. The USDCAD Long from 1 July was within 5 pips of hitting the stop on the Rereading the rules I should have taken a sell on EURUSD when both Daily and Weekly indicators were Down after the sell signal, and this was on the EURUSD Short from 4 Jul Free Forex Trading Systems. RE-ENTRY If I get stopped out I will re-enter according to my Entry rules. All the best to you Phil! Just observing at the moment. GBPUSD hit stop at for EURJPY hit stop at for Running total Running total -7pips The USDCAD Long from 1 July was within 5 pips of little the stop on the EURJPY stopped out today on 8:

2 thoughts on “3 little pigs forex strategy”

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