System,
EMA's, 3,5 and 13
cci, 24 period fixed minimum of -350 and a maximum of 350
cci levels -90, 90
Sell entry on 5 minute.
break of the last lowest low. check next highest time frame which is 15 min to see if there is good spacing between the EMA's heading downward. If there is good spacing and EMA's are heading down then you have a great entry.
Tp and SL.
SL is 3 pips above the last highest high.
TP is half pip value of SL. Example, if SL is 30 pips then your TP is 15 pips for that given trade.
What is the lowest low?
It's when the current candle has at least 2 candles before and after that are higher then it itself. (Example is in pic.)
Buy entry on 15 minute.
break of the last highest high. check next highest time frame which is 1 hour to see if there is good spacing between the EMA's heading downward. I do not confirm trades on the 30 minute time frame. If there is good spacing and EMA's are heading down then you have a great entry.
Tp and SL.
SL is 3 pips above the last highest high.
TP is half pip value of SL. Example, if SL is 30 pips then your TP is 15 pips for that given trade.
What is the highest high?
It's when the current candle has at least 2 candles before and after that are lower then it itself. (Example is in pic.)
Risk?
Max, Only 5% per trade.
While trading, make sure when your TP is hit to only take out 70% of the initial trade. Leave the other 30% in till 3 and 5 ema cross the 13. This will allow you to let your profits run, which is a must in forex trading!
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Sample :-
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