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-   -   Trend Trade for EUR/JPY (https://www.forexfactory.com/showthread.php?t=958047)

thjw Oct 27, 2019 8:46pm | Post# 1

Trend Trade for EUR/JPY
 
3 Attachment(s)
This is a trend trading system with a slightly contrarian view point. Fact is I use moving averages to find potential peaks in a trending market. When all but one of the moving averages says bull market I say Bear. Fact is you will ALWAYS find a peak when all but one of the moving averages says up. Then I zero in on that section that says bull and wait for price action to say bear. Enjoy.

Instrument:
EUR/JPY

Time Frame:
4H my preference

Rules:
Downtrend:
1. Wait for the following colors to come into order from top to bottom to short.
White - MTF Weekly SMA
Yellow - 5 SMA
Aqua - 10 SMA
Blue - 50 SMA
Green - 200 SMA

2. Next look for a close below the heiken ashi previous low then short.

3. Place stop near the recent high.

4. Target, at least 2 times your risk

Uptrend:
1. Wait for the following colors to come into order from top to bottom to short.
Green
Blue
Aqua
Yellow
White

2. Next look for a close above the heiken ashi previous high then go long.

3. Place stop near the recent low.

4. Target, at least 2 times your risk



The following is an example of a downtrend short.
Click to Enlarge

Name: short.png
Size: 45 KB
Trend Trade.tpl
#MTF Moving Average.ex4


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