100 pips daily chart trading

100 pips daily chart is a trend-momentum strategy based on slow exponential moving average and stochastic. Make 100 pips on each trade.

Chart setup
Exponential moving average 25, close.
Exponential moving average 50, close.
Exponential moving average 100, close.
Stochastic oscillator 14,3,3.

Time frame 4H, daily and weekly.
Currency pairs: majors.

Trading Rules 100 pips daily chart
    Buy
    25 EMA above 50 EMA and 100 EMA.
    50 EMA above 100 EMA.
    Wait for the Stochastic oscillator to turn back above 20 from below.
    Buy the currency pair at the open of the next candlestick.
    Place stop below the most recent swing low 
    Price objective: 100- 200 pips depends by currency pairs.

    Sell
    25 EMA belw 50 EMA and 100 EMA.
    50 EMA below 100 EMA.
    Wait for the Stochastic oscillator to turn back below 80 from above.
    Sell the currency pair at the open of the next candlestick.
    Place stop above the most recent swing high. 
    Price objective: 100- 200 pips depends by currency pairs.
Here is two daily charts of GBP/JPY. As you can see, buy and sell trades made us 800 pips.
100 pips daily chart trading

100 pips daily chart trading

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