170# GBP/USD, GBP/JPY Scalping
Submit by Maximo Trader 11/01/2012
TIME FRAME : 5
Currency pair: GBP/JPY, GBP/USD
Forex Indicators: EMA 10 AND EMA 26
BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8
pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA
difference is 8 pips or greater.
CONDITION ONE : when there is a buy trade is emerged (I call it as
signal bar,when the price between the two EMA was separate is at least
8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR
MORE OR EMA 10.you only can enter the trade when there have a retrace!
For sell trade also same as above but opposite ah!!
TAKE PROFIT: IN ASIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.
STOP LOSS : 40 PIPS
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