previous candlestick which was closed before the ema crossover. Sell Setup: Sell when 5 cross 12 downside and RSI cross below 50 place stop loss 2 pips above the high of the previous candlestick which was closed before the ema crossover. Well, if thats the case, you need to make profit on the next 11 trades and it is the 11th trade that will give you the 10 pips you need for the day. Timeframes: 15minutes, indicators required: 5 ema and 12 ema and RSI 14 with level.
Forex 10 pips strategy
We will use the above chart to illustrate. Now lets see Hedge 10 in action with the Daily High Low. Now, the problem with this system is: what happens if your dont make 10 pips during the day? If you hit 10 pips for the day, thats ityou are done, no more trading for the day. Introduction, the, hedge 10 is designed to capture 10 pips from any currency pair. Works really well in strong trending markets 10 pips profit target is easily achieved compared to something like 50 pips profit target. Now before you start thinking about your million dollars, there are some risks using Hedge10 There will be times when you will experience a whip-saw, meaning you get stopped out at both levels for a -60 pips but very ally. But then, that very thing is a big problem, because now you are confronted with the problem of overtrading and you really dont know if the next 10 trades will all be winners So with this 10 pips a day forex trading strategy,. Previous Day's High:.38925 Previous Day's Low:.37228 Buy Stop order was place.38925. I personally trade Hedge 10 using the previous Day high and Low levels because I want action everday, unless that trading day happens to be in a tight range (Inside Bar). Must Read: How Fred Made 1 Million Dollars Trading.
Forex, and has been for some time, about the 10 pips a day strategy.Its a strategy that claims to make you rich quickly by accumulating just 10 pips each day.
Submit by Joker (Writen by Free Trade Ideas) Introduction.
The Hedge 10 is designed to capture 10 pips from any currency pair.
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