only times it has failed is when a spike up or down during news time, so I discourage. Macd crossover from Positive to Negative and Red lag is turning down. When the Stop Loss is hit ( 25 Pips including Spread ) This is likely to happen only if you have not taken the trade as per aci forex model code rules or taken a trade 30 mins before or within 30 mins of news. Safe entry for Long Trades ( on 5 min chart ). Recommended Article: Forex Technical Trading Analysis - Price Action Trading Strategy With Trend macd Indicator. Recommended Article: High Accuracy Forex Center of Gravity Trigger Lines Strategy With Trend Smoothed Indicator. Daily R2 ( Second Resistance above Daily Pivot). When the Stop Loss is hit ( 20 pips Spread ) This is likely to happen only if you have not taken the trade as per rules or taken a trade 30 mins before or within 30 mins of news. Victoria Victoria, Mahe, Seychelles. I am not going to explain in details about what all the indicators are, what are pivots, what are support and resistance, for that please visit m an excellent resource for learning about Forex.
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For pairs apart from GBP/JPY, you may need to experiment with the TP and SL abit. Example as below, iI) Second Setup ( when Price is already climbing up ) Maybe able to catch moves of 30 to 80 pips. Stop Loss for all the entries for Long and Short is 20 pips plus spread from the best setup as per rules. If anyone has more suggestions, kindly email me so I can look into it how to get involved in forex trading and add to the exits. GBP JPY Forex Simple Trading Strategy ( Works on All Time Frames and for all Pairs Best used on 5Min/15min/ for short term Trades and 30min/1Hr/4hr/daily for Long term Trades ). I dont recommend to take any other long setup apart from this unless all the indicators are pointing in that direction. Recommended Article: FxMatrixPro Trading System - An Extensive Guide on How to Scalp Forex.
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