Hello, i will share you a simple and powerful strategy that work on all timeframe:
The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest/lowest after a pullback.
The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest/lowest just after.
I trade with 50/200EMA but you can test other.
BUY SIGNAL:
EURUSD m15:
SELL SIGNAL: the reverse of buy signal
Stoploss: last swing low/high or long moving average.
Take profit: r:r 1:1 or more. Or wait an opposite signal for take a big trend.
For french people: le forum bourse et trading francophone: http://www.finarom.com/
The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest/lowest after a pullback.
The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest/lowest just after.
I trade with 50/200EMA but you can test other.
BUY SIGNAL:
EURUSD m15:
SELL SIGNAL: the reverse of buy signal
Stoploss: last swing low/high or long moving average.
Take profit: r:r 1:1 or more. Or wait an opposite signal for take a big trend.
For french people: le forum bourse et trading francophone: http://www.finarom.com/