137#1 min Scalping with four EMA

Submit by Janus Trader

 

Time Frame 1 min.

Currecy pairs: majors.

 

Forex Indicators:

 

 230-Period Exponential Moving Average

 115-Period Exponential Moving Average

 46-Period Exponential Moving Average

 23-Period Exponential Moving Average

 Stochastic Oscillator (%K = 3, %D = 2, Slowing = 2)

 

Once you have your charts setup then we’re ready to get on with learning the method.

 

a long entry first:

The 115 and 230 MAs provide the longer-term guide to trend direction for us. That’s our RULE #1: 115EMA must be above the 230EMA

 

The 115 and 230 MAs provide the longer-term guide to trend direction for us. That’s our RULE #1: 115EMA must be above the 230EMA

 


Once Rule #1 is in place then we look for RULE #2: 23EMA must be above the 46EMA ...(note: the 23/46EMAs must also be above the 115/230EMAs as well!) 


 

 

Next we look to RULE #3: We then look for the ‘Main’ Stochastic line (the black one) to go below the 30-level and then back above the 30-level.  

 

 

 

here are two short trades in the chart below.

 

 

Exit

Stop Loss3 pips above or below 46EMA

Profit TargetAud/USD 6 pips, EUR/USD 8 pips, GBP/USD 10pips.

 

 

Share your opinion, can help everyone to understand the forex strategy.

 

Write a comment

Comments: 2
  • #1

    ABCD (Friday, 03 February 2017 13:43)

    the stop loss, is it just 3 pips or 3pips + spread?

  • #2

    A BCD (Monday, 06 February 2017 05:18)

    what if the entry is below the 46 MA?where is the stop loss?

Download
Template.rar
compressed file archive 661 Bytes
Download

 

Ema Forex Strategies

 

Retracement Forex Strategies

 

HOME



Follow us on Instagram