Fx Candle

BEST ENTRY POINT STRATEGIES

Sooner or later all Forex traders begin experimenting with different EMA settings. Quite often very interesting combination can be spotted. Here is one simple Forex system based on 50 EMA indicators. 1. Sooner or later all Forex traders begin experimenting with different EMA settings. Quite often very interesting combination can be spotted. Here is one simple Forex system based on 50 EMA indicators. Any currency pair. Time Frame: 90Minute or 3Hour Chart Indicator: 50 EMA Entry: watch for a candle to pierce 50 EMA and finally close (to enter long) or below (to go short). With the second candle after it makes 5 pips higher than the previous one. Exit: Not set Stop Loss order: 15 pips below 50 EMA (when going long) 2. RELATIVE STRENGTH INDEX (RSI): Although no trading system can solely rely on RSI indicator, using it in combination with other tools and proper technical analysis can bring a new edge to your Forex trading. With 50 EMA will bring a perfect trading profits. Setup: Currency pair: Any. Time frame: Any. Indicator: RSI (14) with levels at 70 and 30. Entry rules: Buy when RSI has crossed below 30, formed a bottom, and then crossed back up through 30. Entry rules: Sell when RSI has crossed above 70, formed a peak, and then crossed back down through 70. Exit rules: not set Tips logon to www.forex-strategies-revealed.com

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