I am on the search for a simple profitable system. This is a journal of my 25EMA trades.
My simple rules are to take quick trades of 10 pips in the direction of whichever side price is in relation to the 25EMA on any 15min charts.
I will look for pullbacks and then a sign of continuation of direction for my entry and keep a small tight stop of around 5-10 pips. If this system works then I will be able to trade this on my phone also. Sitting tight and waiting for a good looking obvious entry will be the idea. The kind you spot when scanning back through the charts. There is always 2-3 obvious trades when you look back in time.
PIPS:
(Jan 2014 +20)
(Feb 2014 +24)
Late entry
+10
My simple rules are to take quick trades of 10 pips in the direction of whichever side price is in relation to the 25EMA on any 15min charts.
I will look for pullbacks and then a sign of continuation of direction for my entry and keep a small tight stop of around 5-10 pips. If this system works then I will be able to trade this on my phone also. Sitting tight and waiting for a good looking obvious entry will be the idea. The kind you spot when scanning back through the charts. There is always 2-3 obvious trades when you look back in time.
PIPS:
(Jan 2014 +20)
(Feb 2014 +24)
Late entry
+10