Set your Take Profit the same distance away from the entry level as your Stop Loss or greater. Earn with minimum risk. Price closes below the 55 EMA Second candle after the previous close is also bearish Sell on the third candle Set stop loss to a few pips above 55 EMA Take profit would be 60 — 80 pips if using the H4 time frame of — pips when trading on the daily time frames Strategy Examples Short Set up Price breaks below the 55 EMA After two bearish candles, a sell order is placed with a 80 pips in take profit and stops placed just above the 55 EMA Trade results in a profit Long Set up Price breaks above the 55 EMA After two consecutive bullish candlesticks, a buy order is placed with 80 pips in take profit and stops placed just below the 55 EMA Trade results in a profit Conclusion The 55EMA breakout strategy is one of the simplest break out trading strategy that works best on H4 or daily charts. On the following page you can see an example of a Sell trade as per the rules of the Double Profit Levels trading system.
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Once you know this concept, you can take powerful reversal trades with it, that quite often have huge reward-to-risk ratios I will be talking about fine-tuning profit targets in a later video, so you can really capitalize on these opportunities.
In other words, positions are never too small or too large, they are just right. This video looks at how to fine-tune your profit targets, so you can make big reward: This video looks at simple ways to manage your trades once in them. Managing your trades is when you adjust your stop loss or target once you are in the trade. I also discuss the pros and cons the trade-off of leaving your trades alone or adjusting your trade levels.
Trade with Lightening Speed and the Tightest Spreads —. One click trading, set your target and stop in pips before placing the trade. Trade with Lightening Speed and the Tightest Spreads — One click trading, set your target and stop in pips before placing the trade.
If you're selling anything related to Forex EAs, strategies, etc then this section is for you. Proven system needs k. Proven system needs k by RenkoGuy. Reviews, questions, issues, support relating to Forex Brokers. Market analysis and forecasting from our experts to help you make the right trading decisions. Formerly known as SteadyCaptureFX on Zulutrade and boasts an impressive track record dating back to SteadyCapture Discussion by Xinvestor. A former Credit Suisse Quant trades FX with a quantitative methodology seeking to access the market with a low to moderate frequency in an attempt to achieve high risk reward outcomes.
We're incubating 'Revolution' - formerly a Credit Suisse Quant! Gold Star Main Discussion. Gold Star Main Discussion by nc! SFE Price Action is automated system with a great diversification of operations and different systems working in 15 pairs and 4 timeframes. Macro FX - Incubating. FP Macro Strategy - Incubating. Most users ever online was 11, at Forex Forum - ForexSignals.
Welcome to our newest member, Thembi. In this discussion, we will regularly write our views on currency pairs, stock indices or even commodities.