What 's 3/10 oscillator? The MACD with
following setting (3, 10, 16) SMA.
This indicator was created by
LINDA BRADFORD RASCHKE.
The pullback on Mas with 3/10
oscillator.
Time frame 30 min or higher.
Currency pairs: majors, Indices.
Setup
3/10 oscillator ( MACD 3, 10, 16)
Exponential moving average 5, close.
Exponential moving average 13, close.
Exponential moving average 100, close.
Trend up 5 and 13 EMA above 100.
Trend down 5 and 13 EMA below 100.
Rules
Buy
When there is an up trend for entry
wait by the second cross upward of the EMA 5 and EMA 13 confirmed by 3/10 oscillator.
Sell
When there is an down trend for entry
wait by the second cross downward of the EMA 5 and EMA 13 confirmed
by 3/10 oscillator.
Exit when the EMA 5 and EMA 13
crosses in opposite direction, but the best exit is with
predetermined profit target that depends by currency pairs and time
frame.
This entry
technique has the advantage of being able to limit losses when the
market is in range, It 's a trick you will not find anywhere. It is
not the Holy Grail but it helps.
In the pictures below trade examples.
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