have to become an expert in your business, and thats certainly true if your business is currency trading. . You want to be already up there making the big coin. . Of course, its not quite that simple in actual trading and theres a bit more to it than that, too much for me to cover in the space of one article. . Im going to give you the basics of my trading strategy today and then Ill share more details about it in future follow up articles. Eventually, the price will come back through the 5 and 10 MA lines and test either the 35 or 50 MA line. . Ill provide more rules and trade filters for using the strategy in upcoming articles, so stay tuned. You can also add the 21 and 35 moving averages as well as the 100 and 200 SMAs (simple moving averages) just for higher time frame reference but the 5,10, and 50 provide the basic trading strategy. .
Right now Im revealing what my trading strategy is for the. ( 3 votes, average:.67 out of 5) Loading. MY 15 minute chart strategy, hERE IT IS, the deep, dark, mysterious, intricate, secret system, worked out by an ancient Chinese Taoist sorcerer and kept closely guarded for centuries by inscrutable Zen currency traders: Open a new chart, set the time period to 15 minutes. . However, I often enter when the price has crossed and made a 15-minute candle close past the. . Please leave a comment below if you have any questions about Zero to a Million Trading Strategy! I use EMAs weighted to the close but thats just my personal preference. The first time this happens, the 50 MA will usually hold that is, there probably wont be a 15 minute candle close significantly (i.e., not more than 4-5 pips) to the other side of it, and often price will just touch the 50 MA line. Stochastic Oscillator must have moved up from the 20line. The initial stop loss shouldnt be more than 10 or 12 pips, at most, below (or above, in a sell trade) that 50 MA line, nor more than 10-12 pips away from your entry point. As you have freely received, freely give (Matthew 10:8) Jack Maverick Jack Maverick is a writer and forex trader. 3 Diligent adherence to a good, solid trading strategy. .