(t.e.a.r.d.o.w.n) Tom's EMA Absolute Reversal-Directional One-Way Nexus

1) Look on the daily chart for a pair of your choice that has defined direction(s) that typically last at least one month. 2) Set a 200 EMA median price, 100 EMA median price and a 50 EMA median price.
3)Check the forex news calander. www,forexfactory.com
4) Base your decision to enter on the 4 hour chart, check for recent momentum, prefer to enter as close to a confirmed cross as possible. (Do not trade against the 50 EMA current direction.)
5) Enter from the 4 hour chart near the end of a retracement close to the 50 EMA median price. (To limit wasted time and margin deposit)
6) Set stop loss just past the 100 EMA median price.
7) After about 80 pips positive set stop loss near break-even.
8) Adjust stop loss from 60-150 depending on your pair and the amount of time you wish to keep the trade open.
9) Try not to exit near the end of a retracement, prefer Thursday evening or Friday morning.
10) I do not recommend keeping trades open over the weekend close of market.
11) Do not get over-excited as you close for a nice profit. Stay calm, remember trading successfully depends on your being objective.
12)After you close, while the market is still open, setup your charts for next week's possible entry positions.

P.S
This methodology was transcribed for all levels of experienced
traders.

(Intellectual property of Tom, akatom2u) (At least give me credits)

To trade this strategy you will need deep pockets and a reasonable position size. Look at your chart before entering the trade, measure the pips just past the 100 ema median price line, can your account sustain that amount of retracement? Can you afford a loss of that many pips? If your account capital, or position size is inadequate you are not taking advantage of the situation properly. (Do not stack the odds against yourself.) I also warn against exiting before your stop-loss is hit, I recently had a trade entered near the 50ema, then it continued towards the 100ema, about half way to the 100ema it turned back and ran into massive profits. I also advise entering this type of trade as early in the week as possible to avoid being in the market over the weekend.

You are quite right it was a short read!!!, this stratedy does tie in quite nicely on the one am using, however not sure my account can sustain that much of a hit , shall have lots of questions for you though on paltalk when next we meet