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200 ema or sma4/15/2023 Price Below Daily Pivot & 200 Ema ( Should be trending Downwards ), Enter as close as possible to the Open Price or Daily Pivot. Short Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart Avoid Entering When price is far from the 200 EMA. Price Above Daily Pivot & 200 Ema ( Should be trending Upwards ), Enter as close as possible to the Open Price or Daily Pivot. Long Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart Watch the play of price when it comes to the 200 Ema and the Pivots support and resistance areas.Ĭopy all the indicators and apply the attached template.īest to use from London Open on Monday till 1 hr prior to US Close on Friday. With experience comes better trading.Īttached are two charts, with the 15 min used for entry and 1 hr used to see the the complete pivot levels zoomed out. Have a target of 10% return each month and do it in and out for atleast 1 year before increasing the returns target. The Doom for the trader is when they over trade. Target 1% return each day and close the platform once done. Also never have more than 2 positions in any pair you are trading. I have a hard stop at 250 Pips on the Majors and 500 Pips on the GBP/JPY. This way the only way to loose the capital is on a 2000 Pip movement against you. Personally i dont use more than 1 micro lot for every 200 $ capital. I am not going to show any statements or boast about the winnings as each trader is diff in approach and has to know what amount they can afford to loose. I am a firm believer in not putting stops to the trades as long as you are trading small and knowing your pain levels before closing the trade. Taking the Template & Some Indicators from Davits Thread and modifying for this strategy. Many strategy changes with time but this has stood the test of time and is the classical method used by the older traders. This is a simple strategy which i have used for more than 5 years with good success in conjunction with my other strategies.
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