106# The Boomerang Forex Trading System

Submit By Janus Trader

The Trade

All entries are based off of the H4 chart; The H1 chart is only there to watch your trade a little bit more closely after you have placed it. This chart can be substituted with any time frame (lower than H4) of your choice, it is only there for reference. It helps if you have dual monitors or the similar, that way you don’t have to constantly flip charts.

 

Entry—Long:

Criteria

Price must be ABOVE the EMA on H4 chart Price must be ABOVE the previous H4 bar’s median price

You then have the choice to be finish trading for the day or wait for the next H4

signal

Entry—Short:

Criteria

Price must be BELOW the EMA on H4 chart

Price must be BELOW the previous H4 bar’s median price

OR

For Re-Entry only

 

 


PREVIOUS STOPPED OUT TRADE was a LONG TRADE

Position sizing and other details are the same as in a Long trade, just reverse.

 

 

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

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Forex System Boomerang
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