My journey to success with 200 EMA

Hi All,

I am starting this journal thread to post my trades, to keep a track and maintain discipline as much as possible.

System rules:

This is a trend trading method and no reversals will be traded. Mostly scalping 10-15 pips during the continuation of the trends.

1. Price should be above/below 200 EMA within 10-15 pips in 30M Timeframe.
2. Most important indicator - Sessions. What the price did in the previous day's session. If its favorable, we take the trade accordingly.
3. Discretion still required in some cases even if above two conditions are met.

Disclaimer: Trading requires utmost discipline. Deviations/Distractions are the cause for most people losing money in the Fx markets. If any one wants to post a chart, it should be within the above rules. EURUSD, USDJPY and all GBP pairs will not be traded in this system.

First trade idea of February.



The price is trading above 200 EMA.
Previous day's EU session has been bull.

SL is within 10-20 pips which is previous days low (sometimes nearest support).
TP open always, mostly will be closed with 10-20 pips.
If the price goes below and trades below 200 EMA before EU session, this trade will not be taken.

Above trade has been taken.. Not a great trade as price already moved high in the Asian session and retraced back now. R:R is low.. But, hope it will test previous days session high once again.
112.50
SL: 112.32
TP: Open. Around 10 pips, Will close before U.S session.

Closed @112.57.