Hello everybody!
First of all I am no native english speaker, so please excuse me, if my explanations causes misunderstandings!!
But it should not because, after searching long like anybody else, i saw clearly keeping it simple is the best method. So i created my own method of trading. I dont know if this kind of trading already exist or not. So i called it my own Simple Price Action System.(SPAS).
THE RULES
Entry: Go Long If a green candle closes over 8SMA, and the next candle breaks the high of this candle!
For short vice versa!
SL: Low of the signal candle
TP: Move your SL always to the low of next candle till you are stopped out or if you get an new signal.
you can also use a trailing stop.
Trading Hours: Only between 700-1800 gmt
TF: 5m
Thats it. Ill show a few examples in the next posts!
First of all I am no native english speaker, so please excuse me, if my explanations causes misunderstandings!!
But it should not because, after searching long like anybody else, i saw clearly keeping it simple is the best method. So i created my own method of trading. I dont know if this kind of trading already exist or not. So i called it my own Simple Price Action System.(SPAS).
THE RULES
Entry: Go Long If a green candle closes over 8SMA, and the next candle breaks the high of this candle!
For short vice versa!
SL: Low of the signal candle
TP: Move your SL always to the low of next candle till you are stopped out or if you get an new signal.
you can also use a trailing stop.
Trading Hours: Only between 700-1800 gmt
TF: 5m
Thats it. Ill show a few examples in the next posts!
Choose a job you love, and you will never have to work a day in your life.