Currency Pair: EU
Time Frame: 4H
Indicators: 7, 14 & 30 EMA's
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Entry and Stop Loss
1. Wait for crossover of 7/14 EMA's. Price must be above 30 EMA for long positions and below for short.
2. Enter at pullback to EMA's, may use PA on 5 or 15M, if not,
set limit order somewhere between 7 & 14 EMA, taking SR into account.
3. Place SL just below the last swing low below the 30 EMA.
4. Continue to add positions as price enters the 7/14 EMA zone.
5. Continue to move SL as price touches and reverses off of 30 EMA.
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Profit Target
Option 1. Set target profit for all positions to 300 pips beyond your first entry.
Option 2. Wait to get stopped out as SL is moved.
Time Frame: 4H
Indicators: 7, 14 & 30 EMA's
__________________________
Entry and Stop Loss
1. Wait for crossover of 7/14 EMA's. Price must be above 30 EMA for long positions and below for short.
2. Enter at pullback to EMA's, may use PA on 5 or 15M, if not,
set limit order somewhere between 7 & 14 EMA, taking SR into account.
3. Place SL just below the last swing low below the 30 EMA.
4. Continue to add positions as price enters the 7/14 EMA zone.
5. Continue to move SL as price touches and reverses off of 30 EMA.
__________________________
Profit Target
Option 1. Set target profit for all positions to 300 pips beyond your first entry.
Option 2. Wait to get stopped out as SL is moved.
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