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Trading Systems and Strategies
EUR/USD 15M EMA CROSS
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[QUOTE="lopezoscari, post: 22933, member: 12884"] [b]Trades for tuesday[/b] 1. Long at cross, price pull back to SL -20 Pips 2. Re entry long near the lower envelope, reach 30 pips, SL to braek even, result: market move to TP +40 pips 3. Entry at retracement at 20 EMA, Result: SL reached -20 pips 4. Entry short, SL reached when a news about the tomorrow meeting, -20 pips If this SL not been there and the market goes long that would be a very great loss. 5. I has learned that when a market usually spikes in on direction in an economic news most of the time it retraces, to go in the direction of the spike again. But at this time of the day economic news in the us put the market in a spike down. I wait for a retracement between the lower envelope and 20 Ema and enter short. When 30 pips reached (green box) SL to break even. Result, market move down but retraces to break even. 6. Re entry at retracement near the upper envelope, markets move down to 30 pips, SL to break even, eventually market reaches TP point. Net for the day 20 pips. 2 Wins, 3 Losses 1 Break even In another note. Here I do not want to sell anything. I only wants to share for free the thing that I has received free, Knowledge. I also do not see the point to show the trade log, is easy to draw and understand symbols in a chart. There are hundreds of good forex strategies and the thing that I want to share is that my path to success is the importance of money management and risk management. Today my strategy has more losses than wins but I manage to make a profit, a little profit but a profit. Thanks to money management and risk. Having SL is critical. Second using a W/L ratio of 2 to 1 in very trade guaranteed that for every 100 hundreds trades you only need to win 33 to break even. This is putting the market in your side. No matter what strategies you use the important thing for me is money and risk management. A profitable strategy could become a disaster because of money management. [/QUOTE]
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