Rules:
15m chart of Eur/Usd
Place EMA's of 10, 20, 50, 100
Long Entry:
Once 20EMA is on top of 50EMA and price has retraced back to the 20 enter at the 20EMA with the SL set at the 100EMA.
Move SL to +1 after price has moved 25 pips. Once your SL is at +1 do not move it.
Exit by either being stopped out or the 10EMA crosses the 20 EMA.
Add to the position everytime price retraces to the 20EMA and 50EMA. The initial SL for every new position will be the 100 EMA
Short Entry:
Opposite of Long
15m chart of Eur/Usd
Place EMA's of 10, 20, 50, 100
Long Entry:
Once 20EMA is on top of 50EMA and price has retraced back to the 20 enter at the 20EMA with the SL set at the 100EMA.
Move SL to +1 after price has moved 25 pips. Once your SL is at +1 do not move it.
Exit by either being stopped out or the 10EMA crosses the 20 EMA.
Add to the position everytime price retraces to the 20EMA and 50EMA. The initial SL for every new position will be the 100 EMA
Short Entry:
Opposite of Long